Grafton sales stabilise after slump
4th Mar 2010 15:44
Irish and UK-focused builders merchant Grafton saw profits slump in what it describes as the most difficult market for decades in 2009, though sales have stabilised recently. Revenue fell 26% to €1.98bn and by 20% on a constant currency basis. Profit before taxation was €13.6m, compared to €64.1m i
Read moreSales stabilising at Grafton
6th Jan 2010 07:56
Irish builders merchants and DIY group Grafton said sales have continued to stabilise while a pickup in the UK housing market boosted its performance in the region. Grafton said revenue in the 12 months to December was around €1.98bn, down 26% or €0.69bn from €2.67bn achieved in 2008. In the sec
Read moreRound-up: DCC, Grafton, Printing
10th Nov 2009 09:57
Irish industrial conglomerate DCC has agreed to buy Shell Direct Austria for €18.3m. SDA sells approximately 630m litres of transport fuels and heating oils to domestic, commercial, agricultural and industrial customers throughout Austria. DCC also upgraded its expectations for the full year. Both
Read moreLondon close: Stocks tread water
3rd Jul 2009 17:12
A late swoon saw Footsie relinquish virtually all of its gains, with losses on resource stocks counter-balancing gains made by banks. Barclays, Royal Bank of Scotland, HSBC and Lloyds Banking were the pick of the banking sector, despite chancellor Alistair Darling firing a warning about the re-eme
Read moreLondon afternoon: Banks lead the fight back
3rd Jul 2009 14:30
Share prices are creeping higher after yesterday's heavy falls, with banking stocks leading the fight back. Barclays, HSBA and Lloyds Banking lead the banking sector higher while insurers such as Aviva and Legal & General are also wanted. An exception to the general strength of insurers is Friends
Read moreLondon midday: Shares remain dull
3rd Jul 2009 12:02
Trading remains quiet in London, today after yesterday's excitement following dismal US unemployment figures. Friends Provident is the worst performing blue-chip as the market adjusts its share price to take account the demerger of its 52% stake in F&C Asset Management. Resource stocks are friendl
Read moreGrafton profits impacted "severely"
3rd Jul 2009 08:38
Irish building supplies firm Grafton said the recent tough conditions have impacted its profitability "severely", with revenues down 31% in the first half of the year. Group turnover for the six months to 30th June was around €990m, down 31% on the €1.4bn in the same period last year and by 24% on
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