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United Kingdom

Grafton Group PLC (GFTU_u.L)

GFTU_u.L on London Stock Exchange

740.00GBp
4:49pm BST
Change (% chg)

-23.00 (-3.01%)
Prev Close
763.00
Open
766.50
Day's High
766.50
Day's Low
736.00
Volume
480,838
Avg. Vol
579,809
52-wk High
938.50
52-wk Low
626.50

Latest Key Developments (Source: Significant Developments)

Grafton CEO says investing to offset softer UK market
Friday, 30 Aug 2019 

Aug 30 (Reuters) - Grafton Group CEO in interview with Reuters::GRAFTON CEO SAYS MAKING SURE WE BRING IN EXTRA STOCK TO UK AHEAD OF OCT 31, WOULDN'T GO AS FAR AS CALLING IT STOCKPILING.GRAFTON CEO SAYS SELF-HELP INITIATIVES IN UK ARE ALL ABOUT INVESTING IN THE BUSINESS, SHOULD NOT BE INTERPRETED AS POTENTIAL JOB CUTS.GRAFTON CEO SAYS NOT SEEING ANY BREXIT IMPACT ON IRISH HOUSEHOLD SPEND ON HOME IMPROVEMENTS.GRAFTON CEO SAYS SLOWDOWN IN H1 REVENUE GROWTH SHOULD BE SEEN IN CONTEXT OF INCREDIBLY STRONG MAY, JUNE IN 2018.GRAFTON CEO SAYS EXIT FROM LOW MARGIN BELGIAN MARKET WILL ALLOW CAPITAL TO BE REDEPLOYED INTO HIGHER MARGIN BUSINESSES.  Full Article

Aurelius Buys Belgian Building Materials Merchants YouBuild & MPRO From GRAFTON
Friday, 30 Aug 2019 

Aug 30 (Reuters) - Aurelius ::DGAP-NEWS: AURELIUS ACQUIRES BELGIAN BUILDING MATERIALS MERCHANTS YOUBUILD & MPRO FROM GRAFTON.COMBINED BUSINESSES ACHIEVE REVENUES OF CLOSE TO EUR 100M ACROSS ITS NETWORK OF 16 STORES EMPLOYING C. 240 FULL-TIME EMPLOYEES.TRANSACTION IS EXPECTED TO COMPLETE LATER THIS YEAR.  Full Article

Grafton H1 revenue up despite UK softness, exits Belgian market
Friday, 30 Aug 2019 

Aug 30 (Reuters) - Grafton Group PLC ::GRAFTON - H1 REVENUE UP 2% TO £1.4 BILLION, ADJUSTED OPERATING MARGIN INCREASED BY 20 BPS TO 6.8%.GRAFTON - GOOD H1 GROWTH IN NETHERLANDS, STRONG GROWTH IN IRELAND, OP PROFIT MARGIN AHEAD IN UK IN SOFTER MARKET.GRAFTON - UNCERTAINTY ABOUT NEAR TERM ECONOMIC PROSPECTS, RELUCTANCE BY HOUSEHOLDS TO SPEND CONTRIBUTING TO WEAKER UK DEMAND.GRAFTON - CENTRAL SCENARIO FOR FORECASTS IS SENSIBLY NEGOTIATED BREXIT, EXPECT CONTINUED MARKET UNCERTAINTY UNTIL THEN.GRAFTON - WILL CONTINUE TO MANAGE STOCK LEVELS AS A PRINCIPAL TOOL TO MITIGATE THE POTENTIAL RISK OF BREXIT DISRUPTION.GRAFTON - EXPECT SOME CONTINUING VOLUME AND PRICING PRESSURE IN UK MERCHANTING MARKET, REMAIN FOCUSED ON SELF-HELP INITIATIVES.GRAFTON - ANTICIPATE CONTINUED GROWTH IN IRELAND WHERE SOME MODERATION IN PACE OF GROWTH IN CONSUMER SPENDING IS EXPECTED.GRAFTON - AVERAGE JULY DAILY LIKE-FOR-LIKE REVENUE GROWTH OF 1.4% IN UK MERCHANTING, 5.9% IRISH MERCHANTING, 0.5% NETHERLANDS MERCHANTING.  Full Article

Grafton HY LFL Rev Up 3.9%, FY Forecast Broadly Unchanged
Wednesday, 10 Jul 2019 

July 10 (Reuters) - Grafton Group PLC ::TRADING UPDATE.HY GROUP REVENUE INCREASED BY 2.4 PER CENT TO £1.48 BILLION (SIX MONTHS TO 30 JUNE 2018: £1.45 BILLION) AND BY 2.6 PER CENT IN CONSTANT CURRENCY.HY LIKE-FOR-LIKE GROUP REVENUE INCREASED BY 3.9 PER CENT.GROUP TRADING IN MAY AND JUNE WAS MEASURED AGAINST VERY STRONG PRIOR YEAR COMPARATIVES.MARKET CONDITIONS IN GROUP'S UK MARKETS WERE SOFTER THAN ANTICIPATED.EXPECTATIONS FOR FULL YEAR PROFITABILITY, INCLUDING BENEFIT OF RECENTLY COMPLETED POLVO ACQUISITION, REMAIN BROADLY UNCHANGED.  Full Article

Grafton Group Revenue For Four Months Increased By 6.1 Pct To 962 Mln Stg
Wednesday, 8 May 2019 

May 8 (Reuters) - Grafton Group PLC ::TRADING UPDATE.GROUP REVENUE FOR FOUR MONTHS TO 30 APRIL INCREASED BY 6.1 PER CENT TO £962 MILLION.GROUP LIKE-FOR-LIKE REVENUE INCREASED BY 6.4 PER CENT. FOR FOUR MONTHS TO 30 APRIL.  Full Article

Grafton Group To Acquire Polvo BV For 131 Mln Euros
Thursday, 11 Apr 2019 

April 11 (Reuters) - Grafton Group PLC ::GRAFTON GROUP PLC - ACQUISITION.GRAFTON GROUP PLC - AGREEMENT TO ACQUIRE POLVO BV.GRAFTON GROUP PLC - DEAL FOR EUR 131 MILLION ON A DEBT AND CASH FREE BASIS..GRAFTON GROUP PLC - CONDITIONALLY AGREED TO ACQUIRE POLVO BV FROM PRIVATELY OWNED PALLIETER GROUP.GRAFTON GROUP PLC - AGREEMENT TO ACQUIRE POLVO BV COMBINED DUTCH BUSINESSES TO HAVE OVER EUR 300M REVENUE FROM 113 BRANCHES.  Full Article

Grafton H1 revenue up 9 pct with growth in all segments
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Grafton Group PLC ::GRAFTON GROUP - REVENUE FOR SIX MONTHS TO JUNE 30 UP 9 PERCENT TO 1.45 BILLION POUNDS.GRAFTON GROUP - ADJUSTED OPERATING PROFIT BEFORE PROPERTY PROFIT UP 14 PERCENT TO 88.0 MILLION POUNDS.GRAFTON GROUP - OPERATING MARGIN FOR SIX MONTHS TO JUNE 30 INCREASED BY 50 BASIS POINTS TO 6.4 PERCENT.GRAFTON GROUP - RETURN ON CAPITAL EMPLOYED INCREASED BY 80 BASIS POINTS TO 14.0 PERCENT.GRAFTON GROUP - CASH FLOW FROM OPERATIONS FOR SIX MONTHS TO JUNE 30 109.7 MILLION POUNDS.GRAFTON GROUP - DIVIDEND INCREASED BY 14.3 PERCENT TO 6 PENCE STERLING FROM 5.25 PENCE.GRAFTON GROUP - OVERALL CONDITIONS IN THE UK TO REMAIN RELATIVELY FLAT FOR REMAINDER OF YEAR.GRAFTON GROUP - COMPETITIVE PRESSURE ON PRICING IN UK CONTINUING.GRAFTON GROUP - H1 OUTCOME LEAVES GROUP WELL PLACED TO MEET FULL YEAR EXPECTATIONS.  Full Article

INTERVIEW-Grafton has balance sheet strength for more deals-CEO
Thursday, 1 Mar 2018 

March 1 (Reuters) - Grafton Group Plc ::GRAFTON CEO SAYS BALANCE SHEET STRENGTH GIVES OPTION OF ORGANIC GROWTH OR ACQUISITIONS, NOT HAMSTRUNG BY GEOGRAPHIC BOUNDRIES.GRAFTON CEO SAYS LOOKING FOR GOOD QUALITY, HIGHER MARGIN BUSINESSES, NOT INTERESTED IN A TURNAROUND.GRAFTON CEO SAYS WORKING HARD WITH PROCUREMENT TEAMS AND PRICING TEAMS IN UK TO MOVE INPUT COSTS THROUGH.GRAFTON CEO SAYS IRISH GROWTH WILL MODERATE AFTER FOUR YEARS OF DOUBLE DIGIT LIKE-FOR-LIKE GROWTH.  Full Article

Grafton Group ‍Acquired Entire Issued Share Capital Of LSDM Limited
Monday, 19 Feb 2018 

Feb 19 (Reuters) - Grafton Group Plc ::‍ACQUIRED ENTIRE ISSUED SHARE CAPITAL OF LSDM LIMITED.‍TOTAL CONSIDERATION PAYABLE BY GROUP IS £82.4 MILLION ON A DEBT-FREE, CASH-FREE BASIS​.‍ACQUISITION WILL BE FUNDED FROM GROUP'S CASH AND DEBT FACILITIES​.  Full Article

Grafton Group ‍2017 group revenue rose by 8.8 pct to 2.7 bln pounds
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Grafton Group Plc ::‍2017 GROUP REVENUE INCREASED BY 8.8 PER CENT TO £2.7 BILLION​.2017 GROWTH IN CONSTANT CURRENCY WAS 6.8 PERCENT AND AVERAGE DAILY LIKE-FOR-LIKE REVENUE INCREASED BY 5.7 PERCENT​.  Full Article

UPDATE 2-Gains in miners, trade optimism boost FTSE 100

* AIM-listed Shoe Zone tanks after warning on results (Adds news item, graphic, updates to closing prices)