Grafton Group Share News (GFTU)

LONDON MARKET OPEN: Stocks struggle ahead of key inflation prints

(Alliance News) - The FTSE 100 opened marginally higher on Thursday morning as market attention shifted nervously to key inflation prints from the US and EU later in the day.

LONDON BRIEFING: Stocks seen higher; Grafton begins another buyback

(Alliance News) - Stocks in London are set to open higher on Thursday as market focus turns to inflation and whether it is cooling enough to justify a pause in September from the European Central Bank and the US Federal Reserve.

Grafton profits fall in tough market; unveils £50m buyback

(Sharecast News) - Building materials supplier Grafton on Thursday reported a 29% fall in half-year profits amid a challenging market, but still lifted its dividend and announced a new £50m share buyback.

Grafton maintains annual guidance after "resilient" first-half

(Alliance News) - Grafton Group PLC on Wednesday maintained its full-year operating profit guidance after a "resilient" first-half performance.

Grafton holds guidance as H1 sales rise 3.2% despite lower volumes

(Sharecast News) - International building materials distributor and DIY retailer Grafton Group held annual guidance as first-half revenues rose 3.2% despite the cost-of-living crisis hitting volumes.

UK earnings, trading statements calendar - next 7 days

DIRECTOR DEALINGS: Tullow Oil chief executive buys GBP103,000 shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Thursday and not separately reported by Alliance News:

IN BRIEF: Grafton backs annual profit guidance as quarterly revenue up

Grafton Group PLC - Dublin-based building materials firm, owner of Selco Builders Warehouse - Says performance in the quarter ended on April 23 is in line with expectations, with revenue up 2.8% to GBP704.3 million from GBP685.4 million a year earlier. Says the trading in March was "a little" softer than expected with sales of seasonal products in Ireland and the UK affected by wet weather conditions. Notes lower volumes than in the same period last year. However, Grafton backs full year operating profit guidance. In 2022, operating profit was GBP264.3 million.

Grafton backs FY operating profit guidance, plans £50m share buyback

(Sharecast News) - Building materials distributor and DIY retailer Grafton announced plans for a third share buyback programme of up to £50m on Thursday as it maintained its full-year operating profit guidance and said first-quarter trading was in line with expectations.

UK shareholder meetings calendar - next 7 days

UK dividends calendar - next 7 days

LONDON BROKER RATINGS: UBS likes Beazley; Berenberg cuts Wood Group

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

IN BRIEF: Grafton chief executive buys shares for total GBP98,200

Grafton Group PLC - Dublin-based building materials firm, owner of Selco Builders Warehouse - Chief Executive Officer Eric Born buys 11,300 shares at GBP8.70 each on Friday. Total aggregate value is GBP98,272.83.

Grafton lifts full year dividend by 8.3% as profit rises; revenue up

(Alliance News) - Grafton Group PLC on Thursday reported a rise in both full year revenue and profit as trading returned to more normal levels since the Covid-10 pandemic.

Grafton FY profits up slightly, warns on cooler DIY, housing markets

(Sharecast News) - Builders merchant and DIY retailer Grafton reported a slight rise in full-year profit as consumers started to cut back on spending and the boom in home improvement projects during the Covid pandemic tapered off.