Edition:
United States

Grafton Group PLC (GFTU_u.L)

GFTU_u.L on London Stock Exchange

730.00GBp
23 Nov 2017
Change (% chg)

-4.00 (-0.54%)
Prev Close
734.00
Open
734.50
Day's High
735.50
Day's Low
729.00
Volume
159,521
Avg. Vol
481,312
52-wk High
851.00
52-wk Low
510.00

Latest Key Developments (Source: Significant Developments)

Grafton says ‍group revenue for ten months to Oct 31 was 2.30 bln pounds​
Thursday, 9 Nov 2017 02:00am EST 

Nov 9 (Reuters) - GRAFTON GROUP PLC ::‍GROUP REVENUE FOR TEN MONTHS TO OCT 31 WAS £2.30 BILLION, UP 9.1 PERCENT ON REVENUE OF £2.11 BILLION IN CORRESPONDING PERIOD IN 2016​.  Full Article

Grafton Group H1 adjusted operating profit up 19 pct
Thursday, 31 Aug 2017 02:06am EDT 

Aug 31 (Reuters) - Grafton Group Plc :Grafton Group - H1 adjusted operating profit before property profit up 19 percent to 77 million pounds.Grafton Group - net debt declined to 80.2 million pounds from 95.7 million eur year ago, strong cash generation.Grafton Group - 11 percent increase in dividend to 5.25 pence sterling in line with progressive dividend policy.Grafton Group - UK merchanting business increased profit and performed well through the half year.Grafton - recent softer trends in UK likely to be sustained in 2017, opening of branches reflects medium term confidence.Grafton Group - average daily like-for-like revenue growth from 1 July to 27 Aug 6.5 percent.Grafton Group - encouraging outcome leaves us well placed to deliver our full year expectations.  Full Article

Grafton sees uncertainty in UK to 2019 but fundamentals remaining
Thursday, 31 Aug 2017 02:00am EDT 

Aug 31 (Reuters) - Grafton Group Plc :Grafton Group CEO says sees uncertainty in UK remaining until 2019 but fundamentals of repair, maintanace market remain.  Full Article

Grafton Group says H1 trading better than anticipated
Tuesday, 11 Jul 2017 02:04am EDT 

July 11 (Reuters) - Grafton Group Plc :Group revenue increased by 9.0 percent to £1.34 billion in H1 (up 6.2 per cent in constant currency; up 5.7 percent like-for-like).Says group performed "strongly in the half year with the benefit of broadly positive market segment conditions and good strategic positioning in key markets".CEO says "pleased with the Group's first half trading performance which was better than we anticipated and provides a good platform for the full year.".CEO says 'whilst we remain optimistic on medium term outlook for UK, we are cautious about shorter term impact of current uncertainty and pressure on real incomes'.merchanting business in Ireland 'outperformed a recovering market'.Netherlands merchanting business performed strongly against the backdrop of good growth in the Dutch economy.  Full Article

Grafton says more cautious about prospects for UK
Tuesday, 9 May 2017 02:00am EDT 

May 9 (Reuters) - Grafton Group Plc ::Trading update.Issues trading update for period 1 january 2017 to 30 april 2017.Group had a good start to year with a continuation of favourable trading conditions experienced in final quarter of 2016.Group revenue increased by 7.7 per cent to £851 million (four months to 30 april 2016: £790 million).In view of recent economic and political developments, we are more cautious about prospects for uk.However we have a good portfolio of businesses with strong market positions and we look to future with confidence..  Full Article

INTERVIEW-Grafton sees minimal Brexit hit on "sustainable" Irish market
Tuesday, 7 Mar 2017 02:56am EST 

Grafton Group Plc : Recovery in Ireland very well set, can't see Brexit having significant impact on Irish construction . Seeing gradual, sustainable recovery in Irish housing market, needs several years to reach 30k annual builds . Has made some changes in Belgian business, can be sustainably profitable in medium term . Sees opportunities for consolidation, acquisition and greenfield openings in the Netherlands . More acquisition activity in Dutch market very likely in short term, other geographies in medium term Further company coverage: [GFTU_u.L] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

Grafton FY profit up 12 pct, sees further growth desite Brexit pressures
Tuesday, 7 Mar 2017 02:00am EST 

Grafton Group Plc : Grafton - Adjusted fy operating profit growth of 12 percent to 142 million pounds, EBITA margin stable at 5.5 percent . Grafton - Trading conditions in uk merchanting challenging in 2016, but ended on good revenue growth in Q4 . Grafton - Increase of 10 percent in dividend to 13.75 pence in line with progressive dividend policy . Grafton - Jan, Feb average daily like-for-like revenue up 4.7 percent overall, 4 percent in UK merchanting, 13.9 percent in Ireland . Grafton - Like-for-like 12.3 percent revenue decline in Belgium reflected very poor Jan trading, Feb recovery . Grafton - Overall prospects for 2017 favourable, Ireland, Netherlands expected to support increase in profit . Grafton - Modest UK volume growth expected against inflationary backdrop likely to have bearing on margins Further company coverage: [GFTU_u.L] (Reporting By Padraic Halpin) ((Padraic.Halpin@thomsonreuters.com;)).  Full Article

Grafton says group revenue for 2016 up 13.4 percent
Friday, 13 Jan 2017 02:00am EST 

Grafton :Group revenue for 2016 was 2.51 billion stg, an increase of 13.4 per cent on revenue of 2.21 billion stg in 2015 and 10.4 per cent in constant currency..  Full Article

Grafton Group PLC announces acquisition of Allsand Supplies Limited
Monday, 1 Feb 2016 02:00am EST 

Grafton Group PLC:Says it has completed the acquisition of Allsand Supplies Limited, a single branch general builders merchanting business located in Larkfield, Kent.  Full Article

Grafton Group PLC completes acquisition of T Brewer & Co Ltd
Tuesday, 5 Jan 2016 02:00am EST 

Grafton Group PLC:Says it has completed the acquisition of T Brewer & Co Ltd.  Full Article

BRIEF-Grafton sees uncertainty in UK to 2019 but fundamentals remaining

* Grafton Group CEO says sees uncertainty in UK remaining until 2019 but fundamentals of repair, maintanace market remain Further company coverage: (Reporting By Padraic Halpin)