Edition:
India

HomeServe PLC (HSV.L)

HSV.L on London Stock Exchange

736.50GBp
20 Apr 2018
Change (% chg)

10.50 (+1.45%)
Prev Close
726.00
Open
729.00
Day's High
738.00
Day's Low
724.50
Volume
479,688
Avg. Vol
636,870
52-wk High
872.00
52-wk Low
648.50

Latest Key Developments (Source: Significant Developments)

HomeServe says adjusted pre-tax profit to rise in line with expectations
Thursday, 5 Apr 2018 

April 5 (Reuters) - HomeServe PLC ::HOMESERVE HAS HAD ANOTHER STRONG YEAR, WITH ADJUSTED PROFIT BEFORE TAX (PBT) EXPECTED TO BE IN LINE WITH MARKET EXPECTATIONS¹ AND SIGNIFICANTLY AHEAD OF £112.4 MILLION DELIVERED IN FY17.TOTAL CUSTOMERS INCREASED TO 8.4M FROM 7.8M (MARCH 2017).ALL BUSINESSES TRADED AS EXPECTED IN SECOND HALF, WITH AN EXCELLENT PERFORMANCE IN NORTH AMERICA.  Full Article

Homeserve Buys Some Trade, Assets Of Home Assistance Cover Business
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Homeserve Plc ::‍CONFIRMS ACQUISITION OF TRANCHE 1 OF CERTAIN OF TRADE AND ASSETS OF HOME ASSISTANCE COVER BUSINESS OF DOMINION PRODUCTS AND SERVICES​.  Full Article

AA Says To Sell Home Emergency Services Policy Book To Homeserve​
Wednesday, 29 Nov 2017 

Nov 29 (Reuters) - AA Plc ::‍IT HAS AGREED TO SELL AA'S HOME EMERGENCY SERVICES POLICY BOOK TO HOMESERVE​.‍HOMESERVE WILL ACQUIRE APPROXIMATELY 70,000 CONSUMER POLICIES WHO WILL MIGRATE FROM MAY 2018​.‍TRANSACTION IS EXPECTED TO COMPLETE EARLY IN 2018​.‍HOMESERVE WILL OPERATE BUSINESS UNDER AA BRAND FOR NEXT THREE YEARS​.‍ON COMPLETION, APPROXIMATELY 70 PLUMBING AND GAS ENGINEERS WILL TRANSFER TO HOMESERVE​.  Full Article

Homeserve posts HY adjusted profit before tax of 29.0 mln stg
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - HOMESERVE PLC ::H1 REVENUE ROSE 16 PERCENT TO 366 MILLION STG.INTERIM DIVIDEND UP 15 PERCENT TO 4.7 PENCEPER SHARE.HY ‍REVENUE 366.0 MILLION STG VERSUS 314.3 MILLION STG YEAR AGO​.HY ‍INTERIM DIVIDEND UP 15% TO 4.7P​.HY ‍ADJUSTED PROFIT BEFORE TAX OF 29.0 MILLION STG VERSUS 28.7 MILLION STG YEAR AGO​.  Full Article

Homeserve buys U.S. home services company, funded by placing
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Homeserve Plc :Half year revenue rose 17 percent to 366 million stg.‍entered into an agreement to acquire certain of trade and assets of home assistance cover business of dominion products and services​.‍transaction will accelerate growth of homeserve's north american business and has an enterprise value of us$143 million​.‍has today separately announced its intention to raise up to £125 million by way of a cash placing, equivalent of approximately 5% of issued share capital​.‍had a good first six months and remains on track to deliver further strong growth in fy 2018​.  Full Article

Homeserve says trading in-line with expectations
Friday, 15 Jul 2016 

Homeserve Plc : Trading update . Trading in line with expectations and co expects to deliver good growth in year ending 31 March 2017 . Says our businesses in France, Spain and Italy are performing in line with management expectations .UK business is performing as anticipated and during July signed a new affinity partnership with Dee Valley Water.  Full Article

Homeserve says continues to trade in line with guidance
Wednesday, 29 Jun 2016 

Homeserve Plc : Trading statement . Have signed five new affinity partnerships, adding a total of 0.8 mln households. . Expect acquisition of utility service partners (USP) to complete following normal course regulatory approvals. . In long term we would anticipate having access to around 80 mln households in U.S. via affinity relationships and a net income per customer in order of $100. . Maintain our long term expectation of achieving a 20 pct margin in our U.S. business, which would be achievable today if we scaled back investment in growth. .Confirms that it continues to trade in line with guidance provided in its preliminary results announcement on May 24 2016..  Full Article

Homeserve full-year profit rises 9 pct
Tuesday, 24 May 2016 

Homeserve Plc : Group profit up 9 pct to £93.0m with an 11 pct increase in customer numbers to 7.0m . Adjusted earnings per share up 15 pct to 21.8p with proposed 10 pct increase in dividend payment to 12.7p per share . Retention rate in the UK of 82 pct reflecting increased number of first year renewals (FY15: 83 pct) . Final dividend up 13 percent to 8.9 pence per share .Total dividend up 10 percent to 12.7 pence per share.  Full Article

BRIEF-Homeserve Says ‍Ben Mingay To Retire As Non-Executive Director

* ‍BEN MINGAY IS TO RETIRE AS A NON-EXECUTIVE DIRECTOR OF HOMESERVE PLC WITH EFFECT FROM 26 MARCH 2018​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)