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HomeServe sees annual profit in-line with consensus amid pandemic-fuelled home spending | 6 April 2021

6 April 2021 | 07:25am
StockMarketWire.com - Home repairs and improvements business HomeServe said it expected adjusted pre-tax profit to be around £191 million, up from £181.0 million last year and in line with consensus expectations.
For the financial year ended 31 March 2021, consensus adjusted pre-tax profit stood at £190.2 million.
'Renewed focus on homes during the pandemic highlighted the value of HomeServe's core propositions across its membership and home experts businesses,' the company said.
In its membership business, North America saw further strong organic customer growth of 7% to 4.7 million.
While in the UK, the company saw higher income per customer from a smaller customer base, ending the period with 1.6 million customers, up from 1.8 million.

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FTSE opens 1.1% higher on strong US economic data | 6 April 2021

6 April 2021 | 08:37am
StockMarketWire.com - UK stocks emerged from the Easter holiday break on Tuesday with a substantial gain following the release of strong US jobs and services data.
At 0821, the benchmark FTSE 100 index was up 72.41 points, or 1.1%, at 6,809.71.
Oil major BP gained 2.2% to 296.1p after it said it was on track to reach its $35 billion net debt target in the first quarter of its financial year.
Disposal proceeds in 2021 were forecast to be at the top end of BP's previously announced $4‑to-$6 billion range, the company said.
Home repairs and improvements business HomeServe fell 1.5% to £11.94 on guiding for annual adjusted pre-tax profit to rise to around £191 million in line with consensus expectations.

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HomeServe appoints Tommy Breen as chairman designate | 27 January 2021

27 January 2021 | 07:50am
StockMarketWire.com - Home repairs and improvements business HomeServe said it had appointed Tommy Breen as chairman designate, to succeed Barry Gibson.
Breen would become cvhairman on 19 May 2021, after HomeServe publishes its results for the financial year to 31 March 2021, the company said.
Breen, an experienced non-executive director, was chief executive of DCC until 2017.
Gibson had served as chairman of HomeServe since 2010 and, with the support of HomeServe's shareholders, was appointed for one final term in April 2019.
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