Ibstock profit slashed as ‘exceptionally wet weather’ hits construction industry August 7, 2024 Sales and profit at building supplies company Ibstock has continued to fall as “exceptionally wet weather” badly affected the construction industry. The London-listed firm, which is headquartered in Leicestershire, saw its revenue drop 20 per cent to £178m in the first six months of 2024, down from £223m last year. Ibstock said this decrease was [...]
Construction activity hits fastest pace in two years as housing sector returns to growth August 6, 2024 The reading put the construction sector in expansion for the fifth consecutive month and was the fastest pace of growth since May 2022.
Epwin poised for £25m profit in 2024 despite revenue dip August 6, 2024 Building products supplier Epwin said it was on track to make an underlying profit of more than £25m by the end of 2024 after posting a steady set of results in the first six months.
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.
Kier: Construction giant’s order book nears £11bn on back of contract wins July 18, 2024 Kier Group's full-year order book came in at £10.8bn, representing a seven per cent year-on-year increase.
Gleeson: Sales ‘exceeding expectations’ despite planning system woes July 11, 2024 Housebuilder Gleeson has nudged up the number of new homes it sold in its most recent financial year, despite what it described as "continuing challenges in the planning system".
Galliford Try set to smash profit predictions as it eyes £2.2bn revenue July 11, 2024 Housebuilder Galliford Try said it expects to exceed its profit predictions as its order book continues to grow.
Barratt: Capacity to build new homes, but not enough land to build on July 10, 2024 Barratt is one of the UK's top builiders, but it has struggled to grow this year.
Travis Perkins appoints non-exec as new boss July 10, 2024 Pete Redfern has been appointed as the new chief executive officer of Travis Perkins, succeeding current CEO Nick Roberts, who is leaving after five years in the role. The UK-based building supplies firm has suffered in the economic downturn and slowdown in construction, with profits falling as much as 70 per cent in 2023. “[Redfern] [...]
Chancellor to launch £7.3bn national wealth fund to ‘unlock investment’ July 9, 2024 Chancellor Rachel Reeves will launch a national wealth fund with £7.3bn of state funding to “unlock investment” in UK growth industries.