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.
Homebuilder Vistry boosts output target as cost inflation softens July 9, 2024 Vistry announces strong first-half results
Fall in housebuilding contributes to easing construction activity July 4, 2024 The construction sector remained in expansion in June, a closely watched survey shows, although the rate of growth eased due to a slowdown in housebuilding.
James Latham: Red Sea attacks dent timber supplier’s profit June 27, 2024 Timber distributor James Latham has taken a hit to its profit as shipping attacks in the Red Sea sent the cost of containers flying.
Accsys’s fall in revenue leaves it struggling to see wood for the trees June 26, 2024 Sustainable timer maker Accsys blamed "recessionary forces" as being behind a fall in revenue and profit in its preliminary full year results.
Harworth Group sells 200-home plot to Taylor Wimpey June 20, 2024 Land regenerator Harworth Group has sold a 16-acre site with planning permission for 200 homes to developer Taylor Wimpey for almost £20m.
Franchise Brands more than doubles in size following latest buyout June 20, 2024 Franchise Brands, the franchise company behind brands including Barking Mad and Filta, has more than doubled its revenue for the second year in a row following its latest acquisition.
Victoria sweeps flooring market woes under the carpet June 19, 2024 Full-year profit at Victoria dipped from £76.9m to £27.1m, alongside a 14 per cent fall in revenue to £1.23bn.
Regulation has ‘stifled’ growth in housebuilding, Berkeley boss says June 19, 2024 "The industry has absorbed many regulatory changes over recent years and, while all well-intended, when taken together they have stifled investment, housing delivery and growth," he said.