As it happened: Stocks reach all-time high; US fires back at ‘surprise’ Iran attacks Markets Welcome back to the City AM FTSE 100 liveblog. It’s Wednesday and the UK’s blue-chip index surged in early trading to reach an all-time high, brushing off the latest outbreak of attacks in the Middle East. The FTSE 100 hit 10,945 on the market open, eclipsing the previous intraday record of 10,934, achieved in February on the [...]
Labour’s housebuilding target ‘impossible the day it was announced’ says construction boss Property Labour’s housebuilding target was impossible the day it was announced, the boss of a leading construction materials firm has warned. Rob Wood, chief executive of materials specialist Breedon Group, told City AM the government’s plans to build 1.5m homes by the next general election will fail because Labour is not backing its construction industries. Wood [...]
Breedon Group acquires US firm Lionmark for £187m Business Construction materials firm Breedon Group has acquired US-based Lionmark for £187m as it continues to expand its presence across the Atlantic. Chief executive Rob Wood said he expected the takeover to more than double Breedon Group’s US revenue and be “immediately earnings enhancing” for shareholders. It is expected to be completed by 7 March. Missouri-headquartered [...]
Breedon Group’s profit slumps as rain slows construction sector progress July 24, 2024 Construction materials supplier Breedon reported a dip in its profit despite increased revenue following a major US acquisition earlier this year.
Breedon builds on bumper year with major acquisition in US March 6, 2024 Breedon's chief executive said the "long-term structural deficits" in British housing and construction boded well for the business