Mears bullish over trading

SOCIAL housing and care firm Mears yesterday offered more cheer as it said the group was "performing strongly" as orders remain buoyant.

Mears gave a bullish update on performance since 29 April, as it continues to report strong trading across all divisions.

The group, which works primarily for local authorities and housing associations, has recently won 100 million of new contracts.

Mears added that it has "excellent visibility in the order book" for the current year and next, thanks to the long-term nature of its partnerships with clients, as well as a growing bid pipeline.

Shares in Mears closed up 2.25p at 240.5p.