Retirement home builder McCarthy & Stone has revealed a £40m a year cost-cutting drive as its new boss looks to turn around the firm's fortunes. It trimmed its full-year profit Subscribe to the latest investing news by entering your email address below You can opt out at any time. Please refer to McCarthy Stone terms and conditions for further details. McCarthy and Stone have launched a search for charities to support in Cullompton. Sitting close to the heart of Portobello, the new McCarthy & Stone Retirement Living development is a waterside haven in Edinburgh. McCarthy and Stone Opens Three New Regional Offices; McCarthy and Stones 2019 fundraising efforts hit 200000 for chosen charity Coram Beanstalk; Mccarthy Stone Becomes The Only Housebuilder To Achieve Five Star Status Thirteen Years In A Row; Mccarthy Stone raises over 250000 for royal voluntary service; Mccarthy Stone welcomes new report by mps The apartments, which are in unoccupied developments, can be used to house older people who are coming out of hospital or provide beds for NHS workers. At this stage, we anticipate that construction will commence in the Spring of 2016, with plans and prices available early in 2017. McCarthy & Stone was rocked by the Covid-19 outbreak suffering a £91m pre-tax loss in the first half of the year with revenue plunging to just £101m. Take in the town's elegant Georgian and Victorian architecture with a walk up the high street or spend some downtime in any of the lovely green parks. The annual Big Beach Busk is a fun summer event where hundreds of musicians bring music and dancing to the streets of Portobello. McCarthy & Stone could be looking at a quarter of its units in future being rental properties, such is the level of demand. If you're looking to get active, you can join the Portobello Kayaking and Sailing Club, or Row Porty, a community-run coastal rowing club. Price to Book Value per Share Ratio. The luxurious and stylish complex also boasts landscaped gardens, a guest suite for visitors and a homeowners' lounge. Releases, Offers And Last Chances In Her... Support For Residents From Retirement Ho... Care And Support For Retirement Developm... Coronavirus Comment From Editorial Direc... Nine Out Of Ten New Homebuyers Would Rec... 2018 - BEST RETIREMENT DEVELOPMENT - Bronze award, 2017 - BEST RETIREMENT DEVELOPMENT - Bronze award, 2016 - BEST RETIREMENT DEVELOPMENT - Bronze award, 2014 - BEST RETIREMENT DEVELOPMENT - Bronze award. McCarthy & Stone - latest news, breaking stories and comment - Evening Standard Login Register Logout McCarthy and Stone - latest news, breaking stories and comment - The Independent Subscribe now McCarthy Stone will not share any of your information with any other parties for marketing purposes. Interim boss John Tonkiss has become chief executive and said he hopes to make the savings by 2021 by cutting building costs. The latest breaking news, comment and features from The Independent. The board of Bidco - a wholly-owned indirect subsidiary of Lone Star Real Estate Fund VI - made the offer today. Otherwise, you can sit back, relax and watch the pros take to the sand at the frequent international volleyball competitions and triathlon events. ... Latest news… citing cautious consumer spending and economic uncertainty. Government initiatives, in particular Help to Buy, are helping drive sales. UK retirement housebuilder McCarthy & Stone has agreed to be taken over by a US private equity group in a cash deal worth £630m.. Rowan Baker, Chief Financial Officer and Director, will leave the company on Jul. McCarthy & Stone is the biggest builder of retirement flats in Britain, with 1,200 developments across the country, and sales of about £700m … The latest company news; A monthly market is held in Brighton Park where you can pick up fresh local produce and one-off arts and crafts. Homeowners can socialise as much or as little as they wish, with a variety of events from coffee mornings to jazz evenings, there is something for everyone. 23 October 2020. Retirement housebuilder McCarthy & Stone said on Wednesday that the coronavirus would have a "material" impact on trading in the coming months, as it scrapped its dividend. McCarthy & Stone's shares rose more than 2.7% in early trading. Just 3 miles east of Edinburgh's city centre, Portobello is a historical seaside town with a large sandy beach and a busy, lively promenade filled with shops and restaurants. McCarthy and Stone is searching for land in Winchester of between 0.5 to 5 acres, ideally with level access and in a prominent location close to the high street or to local amenities. We will be welcoming our first homeowners in the Summer of 2017. The retirement housebuilder’s shares were down 1.98% this morning on the news. The developer and manager of retirement communities have started the … Recent executive movements at McCarthy & Stone. Tonkiss said: "We aim to leverage our longer-term strategic opportunity to increase our customer appeal, diversify our revenue streams and reduce our exposure to the market cyclicality.". The group, which plans to announce its results for the 14 months to the end of October 2019 on 28 January, said turnover for the period was expected to be around £720m, versus £672m for the 12 months to the end of August. Bovis profits jump but McCarthy & Stone trims outlook. McCarthy & Stone continues on its journey to champion older people with the launch of a new Charitable Foundation 17 Nov 2020 McCarthy & Stone, the UK’s leading developer and manager of retirement communities, has today announced the launch of the McCarthy & Stone Foundation as the organisation continues to celebrate, champion and defend the role of older people. Meanwhile, retirement housebuilder McCarthy & Stone is not doing quite as well. Nigel Turner, Chief Operating Officer, Building Operations and Director, has left the company (news posted on July 16 2020). Shares in McCarthy & Stone, which has properties across Scotland, jumped on the announcement to 117p - above the share offer of 115p per share. 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