Genuit holds guidance as price rises offset Iran war hit
11th Aug 2026 07:50
(Sharecast News) - Genuit said its expectations for the full year remain unchanged despite a sharp fall in interim profit, with pricing action, cost control and a strengthening infrastructure pipeline expected to support an improvement from next year.
Read moreDeutsche Bank slashes Genuit target price by a fifth
26th May 2026 10:21
(Sharecast News) - Deutsche Bank has slashed its target price for plastic piping systems Genuit by nearly 20% amid a "challenging environment" for the plastic piping manufacturer, but said that self-help measures have mitigated downside risk to forecasts.
Read moreGenuit sees FY at lower end of forecasts amid weak markets, shares fall
22nd May 2026 07:46
(Sharecast News) - Shares in Genuit fell on Friday as the pipe maker said it expected annual operating profit to be at the lower end of estimates after revenues fell in the first four months of the year amid tough markets and uncertainty due to the Iran war.
Read moreGenuit warns on profits, shares slide
17th Nov 2025 07:30
(Sharecast News) - Genuit Group cut its earnings guidance on Monday, sending shares in the FTSE 250 firm sharply lower, after uncertainty around the upcoming Budget and the weaker economic backdrop hit demand.
Read moreLondon close: Stocks edge higher on hopes of Fed rate cut
13th Aug 2025 17:42
(Sharecast News) - London stocks edged higher on Wednesday in subdued trading, supported by optimism over potential US monetary easing after inflation data on Tuesday.
Read moreGenuit holds guidance as revenues rise
19th May 2025 07:55
(Sharecast News) - Pipe maker Genuit held annual guidance after an 8.5% rise in revenue from the first four months of the year and added that it was not directly exposed to US tariffs.
Read moreGenuit YTD revenues down amid 'subdued' conditions
19th Nov 2024 08:07
(Sharecast News) - Plastic piping manufacturer Genuit said on Tuesday that it has delivered a "resilient performance" year-to-date, despite operating in "subdued market conditions".
Read moreGenuit pre-tax profits profits sink in H1
13th Aug 2024 09:00
(Sharecast News) - Plastic piping systems manufacturer Genuit said on Tuesday that pre-tax profits had almost halved in the first six months of the year as a result of reduced turnover throughout the period.
Read moreGenuit in two acquisitions for £5.2m
8th Aug 2024 08:19
(Sharecast News) - Ventilation specialist Genuit Group said it had bought Sky Garden Limited, Omnie and Timoleon for a combined £5.2m.
Read moreGenuit profits grow in year of 'significant strategic progress'
12th Mar 2024 08:06
(Sharecast News) - Plastic piping systems business Genuit said on Tuesday that profits had grown in what was a year of "significant strategic progress".
Read moreLondon close: Stocks maintain gains on cooler inflation reading
15th Nov 2023 14:21
(Sharecast News) - London markets closed positively on Wednesday after a larger-than-anticipated decline in UK inflation sparked optimism about potential interest rate cuts.
Read moreGenuit appoints Tim Pullen as CFO
1st Nov 2023 08:10
(Sharecast News) - Plastic piping systems manufacturer Genuit said on Wednesday that it had appointed Tim Pullen to take over as chief financial officer with immediate effect.
Read moreUK construction tough but buying opportunities exist, says Berenberg
4th Sep 2023 08:03
(Sharecast News) - Broker Berenberg expects the UK construction market to flatline in 2024 before returning to growth, and highlighted a number of key buying opportunities for investors.
Read moreDirector dealings: Kenmare directors, Genuit chairman invest in firms
16th Aug 2023 10:11
(Sharecast News) - Kenmare Resources was on the top of the list of director buys on Wednesday, after two of its directors were linked to share purchases.
Read moreGenuit confident in full-year outlook after revenue slip
15th Aug 2023 07:44
(Sharecast News) - Water, climate and ventilation solutions specialist Genuit Group reported a 4.2% decrease in first-half revenue on Tuesday, to £304.8m, although it remained confident in its full-year outlook.
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