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Pin to quick picksMarlowe Share News (MRL)

Share Price Information for Marlowe (MRL)

London Stock Exchange
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Share Price: 434.50
Bid: 434.00
Ask: 435.00
Change: 11.00 (2.53%)
Spread: 1.00 (0.23%)
Open: 434.00
High: 445.00
Low: 445.00
Prev. Close: 434.00
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Marlowe acquires TP Health

Tue, 19th Apr 2022 07:57

(Sharecast News) - Business-critical services and software group Marlowe has acquired TP Health, a leading provider of technology-enabled occupational health services in the UK, for an expected enterprise value of £14.9m.

Marlowe said on Tuesday that for the year ended 31 December 2020, TP Health generated a pre-tax profit of £1.0m on revenues of £14.6m. Net assets were £1.9m at the end of 2020.

The AIM-listed firm added that the total enterprise value will comprise an upfront cash consideration of £13.3m in addition to an estimated £1.6m in performance-related contingent consideration - all of which will be funded from Marlowe's existing cash resources.

"The acquisition of TP Health offers attractive operational synergies with Optima Health and adds further scale to Marlowe's UK leading occupational health offering, a core compliance market for Marlowe within its governance, risk and compliance division," said Marlowe.

As of 1310 BST, Marlowe shares were up 1.74% at 935.0p.

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Marlowe PLC - London-based software & service provider for safety and regulatory compliance - Company started the financial year 2024 that began on April 1 well, Chair Kevin Quinn says ahead of Marlowe's annual general meeting on Wednesday, adding that it continues to deliver "strong" strategic progress with high single digit organic revenue growth between April 1 and July 31.

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6 Sep 2023 15:46

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Aug 2023 11:08

Marlowe quashes rumours around its testing business

(Sharecast News) - Business software and regulatory compliance specialist Marlowe responded to "ongoing speculation" in relation to its testing, inspection and certification business on Monday.

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26 Jul 2023 10:48

Marlowe buys ISO certification provider IMSM for GBP17.4 million

(Alliance News) - Marlowe PLC on Wednesday said it bought ISO certification and quality management provider IMSM Holdings Ltd and International Management Systems Marketing Ltd, together known as IMSM, for an expected enterprise value of GBP17.4 million.

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(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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29 Jun 2023 13:26

Berenberg lowers Marlowe target price but sees potential for medium-term rerating

(Sharecast News) - Analysts at Berenberg slashed their target price for shares of Marlowe, but kept their recommendation at a 'buy'.

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29 Jun 2023 12:02

Marlowe annual profit and revenue jump; expects strong software demand

(Alliance News) - Marlowe PLC on Thursday reported a surge in profit, boosted by revenue growth, as it hailed "resilient markets that are undergoing structural growth".

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16 Jun 2023 17:01

LONDON MARKET CLOSE: FTSE 100 ends a week of rate decisions higher

(Alliance News) - Stocks in London ended largely higher on Friday, following a busy week centred on the interest rate decisions of three major central banks.

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16 Jun 2023 10:29

AIM WINNERS & LOSERS: Marlowe up on report of potential division sale

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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16 Jun 2023 08:04

Marlowe exploring £650m sale of inspection business - report

(Sharecast News) - Marlowe, a provider of fire safety services, is reportedly exploring a sale of its biggest division in a move that could generate proceeds of about £650m.

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16 Jun 2023 08:03

PRESS: Marlowe in talks with bankers about potential sale of division

(Alliance News) - Marlowe PLC is exploring with investment bankers at Rothschild & Co about a potential division sale, which could produce about GBP650 million of proceeds, Sky News reported on Friday.

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LONDON BRIEFING: Tesco sales up; ITV mulls AllMedia3 acquisition

(Alliance News) - Stocks in London are called higher on Friday, as investors consider the week's central bank decisions, with the latest coming from Japan.

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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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28 Mar 2023 12:44

Marlowe confident in its full-year progress

(Sharecast News) - Health, safety and compliance service specialist Marlowe reported solid financial and strategic progress on Tuesday, for the financial year about to end.

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28 Mar 2023 11:56

IN BRIEF: Marlowe eyes annual results to be in line with market view

Marlowe PLC - London-based software & service provider for safety and regulatory compliance - Says trading for the year ending on March 31 is expected to be in line with market expectations with further significant growth in revenue, adjusted profit and adjusted earnings per share. Revenue is expected to be in the region of GBP475 million for the full year, up 50% year-on-year from GBP315.9 million. Expects to deliver high single-digit organic revenue growth. Says momentum in the second half of the year has been accelerating, with revenue reaching GBP222.9 million. Expects this momentum to continue into financial 2024.

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