Wednesday newspaper share tips: Grafton Group, John Laing Group
9th Mar 2016 18:14
(ShareCast News) - UK and Ireland-based construction materials group Grafton continues to build its margins and expand its international footprint, with the shares' current valuation offering a "good" entry point, The Times's Tempus said. Like its rivals, the company has not been able to provide an
Read moreGrafton reports record 2015 revenues
8th Mar 2016 07:41
(ShareCast News) - Building materials company Grafton Group reported a rise in full year profit as revenue hit a record. For the year to the end of December, adjusted pre-tax profit rose 17% to £118.9m as revenue advanced 6% to a record £2.21bn. At constant currency, revenue was up 8.9%. Adjusted o
Read moreHeadwind from Brexit risks for Irish exporters likely to reverse, Investec says
24th Feb 2016 12:37
(ShareCast News) - Sterling should recover once the risk of Brexit was exorcised, but in the meantime it would create a headwind for Irish exporters, Investec said. Further weakening in the pound due to worries that Britain might leave the European Union might drag on the share prices of Irish compa
Read moreGrafton Group completes Allsands purchase
1st Feb 2016 07:53
(ShareCast News) - Grafton Group announced a new, completed acquisition on Monday, taking over Allsands Supplies Limited. The FTSE 250 builders merchanting and DIY group described Allsands as a single branch general builders merchanting business located in Larkfield, Kent. It said Allsands reported
Read moreGrafton Group 2015 revenue up 6.3%
12th Jan 2016 08:12
(ShareCast News) - Builders merchant and DIY company Grafton Group reported a 6.3% rise in revenue in 2015, as it reiterated its full year operating profit guidance. In a trading update for the year ended 31 December, Grafton said revenue came in at £2.21bn from £2.08bn in 2014. In its merchanting
Read moreGrafton Group expands in London through T Brewer acquisition
5th Jan 2016 07:20
(ShareCast News) - Builders' merchant and DIY company Grafton Group has expanded its reach in London after it acquired T Brewer & Co on Tuesday. The FTSE 250 company, which has operations in the UK, Ireland, the Netherlands and Belgium, purchased the London-based specialist timber business for an un
Read moreBroker tips: Grafton Group, Morgan Advanced Materials, Wood Group
12th Nov 2015 14:32
(ShareCast News) - Grafton Group issued a disappointing trading statement, but things should not be taken out of context, a top broker said on Thursday. Indeed, the builders merchant and DIY retailer may have an ace up its sleeve when compared with rivals, as the Irish recovery will remain a key (an
Read moreNumis upgrades Grafton, says company has unique drivers
12th Nov 2015 14:29
(ShareCast News) - Grafton Group issued a disappointing trading statement, but things should not be taken out of context, a top broker said on Thursday. Indeed, the builders merchant and DIY retailer may have an ace up its sleeve when compared with rivals, as the Irish recovery will remain a key (an
Read moreLondon midday: Chinese data, profit warnings weigh on Footsie
12th Nov 2015 11:49
(ShareCast News) - News that Chinese banks remained unwilling to lend in October weighed on stock markets across Europe on Thursday, amid a spate of profit warnings in the UK and ahead of an eagerly awaited speech from the chair of the US Federal Reserve herself. So-called aggregate financing in Asi
Read moreGrafton Group cuts profit outlook as trading environment remains challenging
12th Nov 2015 09:29
(ShareCast News) - Grafton Group has cut its operating profit outlook for the full year due to persistent tough conditions in the Belgian and UK markets. The builders' merchant and DYI specialist said ongoing weakness in its Belgium operations has forced it to cut its operating profit expectations f
Read moreGrafton's senior director to step down at the end of the year
12th Oct 2015 09:18
(ShareCast News) - Roderick Ryan will step down from its role as chairman of the audit and risk committee and senior independent director of Grafton Group at the end of the year. In a statement released on Monday, the FTSE 250 group said Ryan will leave the company on 31 December and will be succeed
Read moreGrafton jumps as interim profit surges
27th Aug 2015 08:59
(ShareCast News) - Shares in Grafton jumped over 6% early on Thursday, after the builders' merchant and DIY group reported a surge in interim pre-tax profit. In the six months to 30 June, the FTSE 250-listed company posted a 26.1% year-on-year increase in pre-tax profit to £57.9m, while revenue grew
Read moreFTSE 250 movers: Drax leads charge while Grafton Group takes a hit
9th Jul 2015 16:11
Mid-cap stocks were up slightly on Thursday, by 1.07% at 16:42, with power generator Drax leading the upward charge. The power company put in a solid performance after tumbling to an all-time low on Wednesday after Chancellor of the Exchequer George Osborne announced the government will remove the C
Read moreGrafton revenues up, firm remains upbeat despite margin pressures
9th Jul 2015 07:48
DIY firm Grafton Group said it remained positive despite modest margins in a competitive market. In a trading update on Thursday, the company said revenue for the six months to June 30 increased by 6.6% from to £1.015bn to £1.08 bn, despite weaker pricing in the UK plumbing and heating market and a
Read moreSector movers: Mining shares, Vodafone chatter edge FTSE 100 towards record high
22nd May 2015 13:46
Mining and telecommunications shares, with the latter led by Vodafone, edged the FTSE 100 towards a record high on Friday. With the weekend closing bell in sight, at 16:15 BST, the blue chip index was up 0.55% or 38.24 points at a fresh record high of 7051.71. Chatter over Vodafone's possible merger
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