Proactiveinvestors United Kingdom - Construction & Materials RSS feed http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom - Construction & Materials feed en Fri, 19 Jan 2018 09:41:24 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com Balfour Beatty to get double-digit boost from US tax changes http://www.proactiveinvestors.co.uk/companies/news/190217/balfour-beatty-to-get-double-digit-boost-from-us-tax-changes-190217.html Thu, 18 Jan 2018 13:05:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190217/balfour-beatty-to-get-double-digit-boost-from-us-tax-changes-190217.html Van Elle to take up to £4mln hit from Carillion’s downfall http://www.proactiveinvestors.co.uk/companies/news/190099/van-elle-to-take-up-to-4mln-hit-from-carillions-downfall-190099.html Tue, 16 Jan 2018 11:20:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190099/van-elle-to-take-up-to-4mln-hit-from-carillions-downfall-190099.html Galliford Try and Balfour to take £85mln hit from Carillion’s collapse http://www.proactiveinvestors.co.uk/companies/news/190041/galliford-try-and-balfour-to-take-85mln-hit-from-carillions-collapse-190041.html Mon, 15 Jan 2018 14:54:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190041/galliford-try-and-balfour-to-take-85mln-hit-from-carillions-collapse-190041.html Kier doesn’t expect Carillion’s collapse to affect its own business http://www.proactiveinvestors.co.uk/companies/news/190016/kier-doesnt-expect-carillions-collapse-to-affect-its-own-business-190016.html Mon, 15 Jan 2018 09:16:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190016/kier-doesnt-expect-carillions-collapse-to-affect-its-own-business-190016.html Bovis Homes shares gain as it reveals turnaround on track after faulty homes scandal http://www.proactiveinvestors.co.uk/companies/news/189933/bovis-homes-shares-gain-as-it-reveals-turnaround-on-track-after-faulty-homes-scandal-189933.html Fri, 12 Jan 2018 09:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189933/bovis-homes-shares-gain-as-it-reveals-turnaround-on-track-after-faulty-homes-scandal-189933.html Barratt Developments reports rise in first half completions and forward sales http://www.proactiveinvestors.co.uk/companies/news/189860/barratt-developments-reports-rise-in-first-half-completions-and-forward-sales-189860.html Thu, 11 Jan 2018 08:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189860/barratt-developments-reports-rise-in-first-half-completions-and-forward-sales-189860.html Paving slab maker Marshalls sees sales crack through £400mln in 2017 http://www.proactiveinvestors.co.uk/companies/news/189792/paving-slab-maker-marshalls-sees-sales-crack-through-400mln-in-2017-189792.html Wed, 10 Jan 2018 08:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189792/paving-slab-maker-marshalls-sees-sales-crack-through-400mln-in-2017-189792.html Construction firm Costain on track with full-year results as new orders roll in http://www.proactiveinvestors.co.uk/companies/news/189510/construction-firm-costain-on-track-with-full-year-results-as-new-orders-roll-in-189510.html Thu, 04 Jan 2018 08:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189510/construction-firm-costain-on-track-with-full-year-results-as-new-orders-roll-in-189510.html Balfour Beatty sells additional stake in Connect Plus http://www.proactiveinvestors.co.uk/companies/news/189335/balfour-beatty-sells-additional-stake-in-connect-plus-189335.html Fri, 29 Dec 2017 09:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189335/balfour-beatty-sells-additional-stake-in-connect-plus-189335.html Balfour Beatty shares move higher as it sells stake in M25 operator http://www.proactiveinvestors.co.uk/companies/news/189170/balfour-beatty-shares-move-higher-as-it-sells-stake-in-m25-operator-189170.html Thu, 21 Dec 2017 12:48:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189170/balfour-beatty-shares-move-higher-as-it-sells-stake-in-m25-operator-189170.html Low & Bonar unravels after profit warning and CEO Brett Simpson defects to Fenner PLC http://www.proactiveinvestors.co.uk/companies/news/189087/low-bonar-unravels-after-profit-warning-and-ceo-brett-simpson-defects-to-fenner-plc-189087.html Wed, 20 Dec 2017 11:12:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189087/low-bonar-unravels-after-profit-warning-and-ceo-brett-simpson-defects-to-fenner-plc-189087.html Travis Perkins shares drop as JPMorgan downgrades stock in review of housebuilders http://www.proactiveinvestors.co.uk/companies/news/188797/travis-perkins-shares-drop-as-jpmorgan-downgrades-stock-in-review-of-housebuilders-188797.html Thu, 14 Dec 2017 10:43:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188797/travis-perkins-shares-drop-as-jpmorgan-downgrades-stock-in-review-of-housebuilders-188797.html John Laing says 2017 total investments, realisations well ahead of guidance thanks to strong pipeline http://www.proactiveinvestors.co.uk/companies/news/188502/john-laing-says-2017-total-investments-realisations-well-ahead-of-guidance-thanks-to-strong-pipeline-188502.html Fri, 08 Dec 2017 08:13:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188502/john-laing-says-2017-total-investments-realisations-well-ahead-of-guidance-thanks-to-strong-pipeline-188502.html Deutsche Bank says land banking review will actually be a positive for housebuilders http://www.proactiveinvestors.co.uk/companies/news/187706/deutsche-bank-says-land-banking-review-will-actually-be-a-positive-for-housebuilders-187706.html Thu, 23 Nov 2017 10:54:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187706/deutsche-bank-says-land-banking-review-will-actually-be-a-positive-for-housebuilders-187706.html Kier Group reiterates expectation of “double digit” profit growth this year http://www.proactiveinvestors.co.uk/companies/news/187420/kier-group-reiterates-expectation-of-double-digit-profit-growth-this-year-187420.html Fri, 17 Nov 2017 07:35:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187420/kier-group-reiterates-expectation-of-double-digit-profit-growth-this-year-187420.html Barratt reports 'strong' first quarter but analysts warn on interest rates and Help to Buy uncertainty http://www.proactiveinvestors.co.uk/companies/news/187273/barratt-reports-strong-first-quarter-but-analysts-warn-on-interest-rates-and-help-to-buy-uncertainty-187273.html Wed, 15 Nov 2017 13:20:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187273/barratt-reports-strong-first-quarter-but-analysts-warn-on-interest-rates-and-help-to-buy-uncertainty-187273.html Crest Nicholson sees dramatic slow-down in average selling prices http://www.proactiveinvestors.co.uk/companies/news/187284/crest-nicholson-sees-dramatic-slow-down-in-average-selling-prices-187284.html Wed, 15 Nov 2017 08:32:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187284/crest-nicholson-sees-dramatic-slow-down-in-average-selling-prices-187284.html Housebuilders boosted by bullish update from Bovis Homes http://www.proactiveinvestors.co.uk/companies/news/187214/housebuilders-boosted-by-bullish-update-from-bovis-homes-187214.html Tue, 14 Nov 2017 08:22:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187214/housebuilders-boosted-by-bullish-update-from-bovis-homes-187214.html Galliford Try edges higher as it brushes off UK property market concerns http://www.proactiveinvestors.co.uk/companies/news/187072/galliford-try-edges-higher-as-it-brushes-off-uk-property-market-concerns-187072.html Fri, 10 Nov 2017 08:42:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/187072/galliford-try-edges-higher-as-it-brushes-off-uk-property-market-concerns-187072.html Keller Group tipped to rise more than 50% http://www.proactiveinvestors.co.uk/companies/news/186726/keller-group-tipped-to-rise-more-than-50-186726.html Mon, 06 Nov 2017 06:32:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/186726/keller-group-tipped-to-rise-more-than-50-186726.html CRH finalises Ash Grove Cement US$3.5bn takeover after rival bid fails to materialise. http://www.proactiveinvestors.co.uk/companies/news/186005/crh-finalises-ash-grove-cement-us35bn-takeover-after-rival-bid-fails-to-materialise-186005.html Mon, 23 Oct 2017 08:04:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/186005/crh-finalises-ash-grove-cement-us35bn-takeover-after-rival-bid-fails-to-materialise-186005.html Marshalls snaps up pre-cast concrete maker CPM for £38mln http://www.proactiveinvestors.co.uk/companies/news/185870/marshalls-snaps-up-pre-cast-concrete-maker-cpm-for-38mln-185870.html Thu, 19 Oct 2017 10:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185870/marshalls-snaps-up-pre-cast-concrete-maker-cpm-for-38mln-185870.html Travis Perkins says on track to achieve full year expectations despite challenging market backdrop http://www.proactiveinvestors.co.uk/companies/news/185853/travis-perkins-says-on-track-to-achieve-full-year-expectations-despite-challenging-market-backdrop-185853.html Thu, 19 Oct 2017 08:12:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185853/travis-perkins-says-on-track-to-achieve-full-year-expectations-despite-challenging-market-backdrop-185853.html Bellway positive as full year revenue rises 14% http://www.proactiveinvestors.co.uk/companies/news/185704/bellway-positive-as-full-year-revenue-rises-14-185704.html Tue, 17 Oct 2017 08:33:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185704/bellway-positive-as-full-year-revenue-rises-14-185704.html Low & Bonar suffers hurricane fall-out as prices rise http://www.proactiveinvestors.co.uk/companies/news/185633/low-bonar-suffers-hurricane-fall-out-as-prices-rise-185633.html Mon, 16 Oct 2017 09:08:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185633/low-bonar-suffers-hurricane-fall-out-as-prices-rise-185633.html Housebuilders up as Halifax reports house prices jump; Barratt Developments boosted by broker upgrade http://www.proactiveinvestors.co.uk/companies/news/185187/housebuilders-up-as-halifax-reports-house-prices-jump-barratt-developments-boosted-by-broker-upgrade-185187.html Fri, 06 Oct 2017 10:28:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185187/housebuilders-up-as-halifax-reports-house-prices-jump-barratt-developments-boosted-by-broker-upgrade-185187.html CRH shares fall after bid target Ash Grove Cement says has received higher rival takeover proposal http://www.proactiveinvestors.co.uk/companies/news/185185/crh-shares-fall-after-bid-target-ash-grove-cement-says-has-received-higher-rival-takeover-proposal-185185.html Fri, 06 Oct 2017 09:55:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/185185/crh-shares-fall-after-bid-target-ash-grove-cement-says-has-received-higher-rival-takeover-proposal-185185.html Housebuilders surge on news of extension to Help to Buy scheme http://www.proactiveinvestors.co.uk/companies/news/184910/housebuilders-surge-on-news-of-extension-to-help-to-buy-scheme-184910.html Mon, 02 Oct 2017 14:10:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184910/housebuilders-surge-on-news-of-extension-to-help-to-buy-scheme-184910.html CRH up as it expands in North America with US$3.5bn acquisition of US cement maker Ash Grove http://www.proactiveinvestors.co.uk/companies/news/184351/crh-up-as-it-expands-in-north-america-with-us35bn-acquisition-of-us-cement-maker-ash-grove-184351.html Thu, 21 Sep 2017 08:50:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/184351/crh-up-as-it-expands-in-north-america-with-us35bn-acquisition-of-us-cement-maker-ash-grove-184351.html Balfour Beatty sells Blackpool Airport to Blackpool Council for £4.25mln http://www.proactiveinvestors.co.uk/companies/news/183901/balfour-beatty-sells-blackpool-airport-to-blackpool-council-for-425mln-183901.html Wed, 13 Sep 2017 09:02:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/183901/balfour-beatty-sells-blackpool-airport-to-blackpool-council-for-425mln-183901.html Michelmersh expecting strong second half following Carlton acquisition http://www.proactiveinvestors.co.uk/companies/stocktube/8032 Frank Hanna, joint CEO of Michelmersh Brick Holdings Plc (LON:MBH), tells Proactive they saw a 6% increase in first half turnover and are expecting a strong second half following the  acquisition of Carlton Main Brickworks.

Turnover in the six months ended 30 June 2017 rose to £16.2mln from £15.3mln the same period a year earlier, supported by an increase in average selling prices and a seven-day contribution from Yorkshire-based Carlton.

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Tue, 05 Sep 2017 12:51:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8032
Van Elle Holdings increasing profit and turnover year-on-year http://www.proactiveinvestors.co.uk/companies/stocktube/7895 John Fenton, chief executive of Van Elle Holdings plc (LON:VANL) gives Proactive a break down of the company and the strategy for growth.

Operating for 33 years they specialise in installing geotechnical engineering techniques - such as piling.

Fenton adds they're the largest in their space in the UK as well as the most profitable.

IPO'ing in October 2016, Fenton says: ''It's been a very good move for us, the company's done well since then and it's increased our profile across the construction industry and we're certainly a well-known company in the sector''.

''We're very confident about what's coming up in the new year ... we're just at the end of Q1 and the year's kicked off in line with expectations and the end markets look very good for us''.

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Mon, 07 Aug 2017 11:43:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7895
Battersea Power Station redevelopment 'a tremendous project' for Michelmersh to be involved in http://www.proactiveinvestors.co.uk/companies/stocktube/7775 Frank Hanna, joint chief executive of Michelmersh Brick Holdings Plc (LON:MBH) discusses with Proactive the significance of their bricks being chosen as part of the redevelopment of Battersea Power Station.

Hanna also touches on their recent acquisition of Carlton Main Brickworks.

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Tue, 11 Jul 2017 11:13:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7775
New Bovis boss Greg Fitzgerald 'looks like a good move' for the firm, says Proactive's Jon Hopkins http://www.proactiveinvestors.co.uk/companies/stocktube/7235 Proactive Investors senior reporter Jon Hopkins discusses the naming of new Bovis Homes PLC (LON:BVS) CEO Greg Fitzgerald as well as the rejection of merger talks with Galliford Try plc (LON:GFRD).

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Wed, 05 Apr 2017 12:17:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7235
Xrbia aiming to become a leader in affordable, environmentally-friendly housing http://www.proactiveinvestors.co.uk/companies/stocktube/6924 Rahul Nahar, chairman and managing director of privately-held Xrbia, talks to Proactive about their focus on developing affordable housing.

Nahar tells Andrew Scott that after already establishing their foothold in the domestic affordable housing market in India, they're now eyeing up opportunities in newer geographies including Africa and London.

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Thu, 16 Feb 2017 08:17:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6924
Barratt can rediscover pre-Brexit highs if it breaks current range http://www.proactiveinvestors.co.uk/companies/stocktube/6797 UK housebuilder Barratt Developments PLC (LON:BDEV) can rediscover its pre-Brexit highs of almost £6 if it breaks above the £5.20 mark, so says technical analyst.

“There was a dip in the wake of the referendum vote in June. Since then [we’ve had] a slow recovery back towards the 200-day moving average around the £4.80 level,” Mir explains in the latest Proactive Investors Bulletin Board.

“Basically, one’s looking for a break of the recent £4.50 to £5.20 range to take us back to where we were before Brexit.”

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Thu, 26 Jan 2017 10:35:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6797
Breedon Group 'in a very good position' following latest acquisition, says analyst http://www.proactiveinvestors.co.uk/companies/stocktube/6493 Construction materials firm Breedon Group plc (LON:BREE) continues its growth story with the acquisition of Sherburn Minerals Group for up to £15.7mln and reported strong trading in the last ten months.

The Share Centre's Helal Miah tells Proactive: ''The results are very encouraging overall. They have mentioned in the past they want to expand their geographical footprint within the UK so the acquisition of Hope a little while ago has gone very well and they expect the cost synergies to come through a lot faster than expected''.

''Just today they've announced the acquisition of Sherburn Minerals .. so again it gives them more of a foothold in the north of England and parts of Scotland.

Miah adds: ''The reason why we like this is because it's funded from existing resources so there's no need to raise additional funds''.

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Wed, 30 Nov 2016 09:50:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6493
Barratt Developments sounds warning over 'difficult London market' http://www.proactiveinvestors.co.uk/companies/stocktube/6402 Barratt Developments has sounded a warning about a more difficult housing market in London.

In a trading statement Britain’s biggest house builder said conditions at the top end of the capital’s housing ladder have become more difficult and to mitigate the risks, prices have been reduced on a number of sites.

Investment research analyst at The Share Centre, Helal Miah, tells Proactive: ''Overall it's a very good trading update when you consider the operations in the country as a whole''

''Especially in the northern and central regions of the UK consumer confidence really hasn't been dented and the reservation rates are still very attractive and their  forward sales  have been good - up nearly 20%''

Asked whether they're still feeling some ripple effects from Brexit Miah said: ''not across the country but certainly in the London market. It seems to be the more premium end of the London market - zones 1 & 2 - where they're seeing some pricing pressures''.

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Wed, 16 Nov 2016 14:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6402
Buy Barratt shares on dips, says chart guru http://www.proactiveinvestors.co.uk/companies/stocktube/6386 Barratt Developments PLC (LON:BDEV) shares have been in recovery mode since the EU referendum result back in June, and Zak Mir thinks investors should be keeping a close eye on the stock if it shows any signs of weakness.

“There is an uptrend line from June, and while that holds I think you’d have some confidence that the shares are a buy on dips rather than a sell on strength,” Mir tells Proactive.

Mir adds that he would even more confidence in the stock if it can just break through its 200-day moving average of 504p.

“I’d be more comfortable if the shares did recover that 200-day moving average [at 504p], as they haven’t been above there since the start of the year.”

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Tue, 15 Nov 2016 10:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6386
Can Barratt reclaim pre-Brexit highs? http://www.proactiveinvestors.co.uk/companies/stocktube/6321 Technical analyst Zak Mir thinks housebuilder Barratt Developments PLC (LON:BDEV) will struggle to reclaim its pre-Brexit highs anytime soon.

“You can see the shares were hit by the surprise referendum result and the stock has bounced back to roughly half of what it lost,” Mir tells Proactive.

“[Shares] are now struggling just below the 200 day moving average at 509 and really that is the big line in the sand for the shares.”

On top of Brexit, Mir claims that Barratt hasn’t been helped by the arrest of one of its executives, Alastair Baird, which sent weakened the price even further.

While he thinks it’s difficult to get back up towards the £6 level, Mir doesn’t totally rule out a rally.

“[There’s a] bit of support there towards the 440p/ 450p level which was formerly the resistance on the way up in August.

“As far as getting this situation back in full ‘buy’ mode, we need to see the shares get back above the 200 day moving average and the 500p level.”

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Thu, 03 Nov 2016 12:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6321
“Sell on strength.” Zak Mir details the short trade on Carillion http://www.proactiveinvestors.co.uk/companies/stocktube/6189 “Sell on any strength” is the message told by the chart of construction firm Carillion Plc, so says technical analyst Zak Mir.

Mir, in a Tip TV segment for Proactive Investors, highlighted that the share has been falling for more than a year and looks likely to go down to around 200p.

Bearish trader’s wanting to go short ought to sell on any strength, up above the moving averages seen in the chart, he added.

“At the moment 265p or 270p is where you’d go short if you were cautious and didn’t want to get caught out,” he said.

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Fri, 14 Oct 2016 12:48:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/6189
China a 'great market and attractive opportunity for Low & Bonar' says CEO http://www.proactiveinvestors.co.uk/companies/stocktube/6132 The chief executive of performance materials group Low & Bonar (LON:LWB), Brett Simpson, tells Proactive that China – and the rest of Asia Pacific – is a future core market for the firm.

He explains that the company is “proud” of its strong presence in Europe but is targeting other areas of the world as it looks to grow.

“We'd like to grow our position in the US, we'd like to continue to grow in China and Asia, so part of our growth strategy is to take what we're good at in Europe into other parts of the world,” he adds.

Low & Bonar recently built - and now operates - its own manufacturing plant in China.

The £26 million site supplies various applications to the flooring markets and is expected to reach full capacity by the end of next year.

A second phase is now being built, which will likely come on stream in early 2018 at a cost of £22mln.

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Thu, 06 Oct 2016 10:20:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/6132
Breedon in a great position to continue on successful path http://www.proactiveinvestors.co.uk/companies/stocktube/5306 Move over Breedon Aggregates Ltd (LON:BREE), make way for Breedon Group, though Pat Ward, the group’s chief executive, thinks aggregates will always be a fundamental part of the business.

The name change represents the company “growing up a bit”, in Ward’s view, and acknowledges “just how broad and significant our business has become”.

The group is on the verge of completing the acquisition of Hope Construction Materials, which will see the company become the UK’s largest independent construction materials group, with the country's largest cement plant, around 60 quarries, and almost 200 ready-mixed concrete plants.

The Hope acquisition broadens the geographical footprint of the business and that should make some bolt-on acquisitions feasible, from a logistics point of view, that previously the company would have rejected.

The group is well-placed for both organic growth and growth by acquisition, and Ward sees aggregates as continuing to be the main driver of that growth.

“We’re in a great position from a cash perspective to continue on this path. It has made Breedon very successful,” Ward told Proactive Investors.   

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Thu, 21 Jul 2016 14:29:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/5306
GTS Chemical PLC Holdings’ Welch tells investors to “watch this space” http://www.proactiveinvestors.co.uk/companies/stocktube/4825 Derek Welch, a non-executive director at GTS Chemical (LON:GTS) tells Proactive that the company’s distribution network is “progressing well” after the firm more than doubled its number of distributors to 62 last year.

Additionally, its production line, commissioned in January, is now operational and Welch notes the line is “the biggest line we have and it is the most up-to-date in technology”, which he says is a major boost for the business.

Recently, the Chinese speciality chemicals manufacturer updated the market, and Welch confirmed that it would continue with its progressive dividend policy this year, and also hinted that an international move in the chemical business could be in the pipeline.

“Watch this space,” he says.

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Tue, 29 Mar 2016 08:28:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4825
Breedon Aggregates Ltd chief talks on “tremendous” 2015 results http://www.proactiveinvestors.co.uk/companies/stocktube/4755 Pat Ward, chief executive of Breedon Aggregates Ltd (LON:BREE) says the results for the year to December 31 were “from a financial perspective, very encouraging”.

The firm, which produces aggregates, asphalt and ready-mixed concrete for builders, reported record results and an encouraging outlook with pre-tax profits rising 46.4% to £31.3mln on an 18.1% revenue increase to £318.5mln.

The company’s plan moving forward, he says is to “continue with regional bolt-ons” and “continue to outperform expectations with these acquisitions – it is a good time for us”.

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Wed, 09 Mar 2016 14:47:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4755
Breedon's Scottish head cheered by £55mln road deal http://www.proactiveinvestors.co.uk/companies/stocktube/4531 Breedon Aggregates’ (LON:BREE) new road project in and around Aberdeen, is “very significant” for the company according to chief executive of Breedon Aggregates, Scotland, Alan Mackenzie.

The contract is worth up to £55mln and Breedon will start work at the project in April and is expected to last until the end of 2017, he said.

The joint venture with Whitemountain will see the firms lay asphalt on 55 kilometres of dual carriageway, 22 kilometres of slip roads and 40 kilometres of side roads and accesses.

It is part of the £745mln Aberdeen Western Peripheral Route/Balmedie-Tipperty (AWPR/B-T) project designed to clear the traffic problems surrounding Scotland’s third largest town.

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Thu, 07 Jan 2016 13:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4531
Breedon Aggregates to benefit from construction boom after timely acquisition http://www.proactiveinvestors.co.uk/companies/stocktube/4378 Simon Vivian, group chief executive of Breedon Aggregates (LON:BREE), says the £336mln acquisition of Hope Construction Materials introduces his company into the product arena of cement and large infrastructure projects.
With the heavy building materials sector forecast to grow between three and five per cent, Breedon is poised to become an essential materials supplier for Crossrail, currently Europe’s largest infrastructure project, and the Hinkley Point nuclear power station.
Breedon’s acquisition of Hope Construction Materials is subject to clearance from the Competition and Markets Authority with approval anticipated in May 2016.

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Thu, 19 Nov 2015 08:29:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4378
Michelmersh Brick boss: focus on efficiency in medium term http://www.proactiveinvestors.co.uk/companies/stocktube/4280 Martin Warner,. CEO of Michelmersh Brick (LON:MBH) says an investment in their largest plant in Sussex, Freshfield Lane, to make an extra 6 million bricks has started to come on-stream this year. "That has been a big contributor to things working better than we thought...  the additional capacity on our existing overhead has certainly helped us to move things further forward and quicker than we had anticipated " he said.

He said it has been a very busy period for the industry but that since now they are entering a more normalised marketplace it is time to invest across the business in making efficiencies.  "We are in a strong position with cash in the bank as we go into next year, what we are going to do is continuously improve what we do" he said.

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Mon, 19 Oct 2015 12:39:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4280
Breedon Aggregates boss looks to carry momentum into second half http://www.proactiveinvestors.co.uk/companies/ceo_focus/3982 The chief executive of construction materials supplier Breedon Aggregates (LON:BREE), Simon Vivian, expects the company to perform well in the six months ahead after it posted a bumper set of first half figures.

“We’re confident of delivering another positive set of figures,” said the CEO, adding that business is looking at several potential acquisition opportunities which would improve bottom line figures. 

Underlying profits [EBITDA] jumped by 54% to of £27.3mln in the six months to June, which was ahead of expectations, while revenues climbed 28% to £160.5mln. Pre-tax profits rose 92% to £17.5mln.

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Thu, 23 Jul 2015 13:35:00 +0100 http://www.proactiveinvestors.co.uk/companies/ceo_focus/3982
Michelmersh boss sees good times ahead for brick maker http://www.proactiveinvestors.co.uk/companies/ceo_focus/3960 The chief executive of brick maker Michelmersh (LON:MBH), Martin Warner, expects margin improvement and prices increases to continue, helped by what he describes as a settled UK market with a stable government.

Today the company told investors it made a pre-tax profit of £2.5mln in the six months to June 30 compared to £1.27mln in the same period in 2014.

Average selling prices of the bricks achieved in the first half of the year were £422 per thousand, compared to £387 per thousand in the same period last year, the firm said.

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Mon, 20 Jul 2015 11:37:00 +0100 http://www.proactiveinvestors.co.uk/companies/ceo_focus/3960
GTS Chemical delivers a green future for China http://www.proactiveinvestors.co.uk/companies/stocktube/3910 Derek Welch, non executive director of Chinese chemical company, GTS Chemical, (LON:GTS) tells Proactive Investors that the company is delivering on its promises to investors and producing green products from agricultural & industrial waste. One year after listing on the AIM market in London, GTS  is looking forward to continued growth. The company, based in Northern China, produces Ammonia Sulphide and Bisulphide for use in the paper and oil industries. 70% of its business derives from recycling waste products.

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Mon, 06 Jul 2015 09:01:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/3910
Michelmersh Brick Holdings CEO: Industry getting back to better returns http://www.proactiveinvestors.co.uk/companies/stocktube/3790 Martin Warner, chief executive of Michelmersh Brick Holdings (LON:MBH), says the construction industry is ‘getting back to some better returns’ for the first time in years.

He says there is a general pick-up in confidence in the industry and discusses plans to invest money in equipment to improve efficiency.

In an AGM statement delivered to shareholders earlier today, chairman Eric Gadsden said the company enjoyed a strong start to the financial year thanks to improvements to the brick market driven by overall activity in the construction sector.

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Wed, 20 May 2015 15:53:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/3790
Liberum Capital strategist on market’s reaction to Tory victory http://www.proactiveinvestors.co.uk/companies/stocktube/3289 Sebastian Jory, strategist at Liberum Capital, discusses the stock market’s reaction to the Conservative triumph at the general election. 

The FTSE 100 leapt as much as 2%, helping it back above 7,000 points after several days of uncertainty. The FTSE 250, seen as a yardstick for UK business, jumped around 3% to 17,933.

Jory talks through some of the sectors to benefit from David Cameron’s victory, including banks, utilities, and housebuilders. He suggests some stocks such as infrastructure group Balfour Beatty (LON:BBY) have benefited from a ‘sentimental reaction’ and could now be overvalued.

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Fri, 08 May 2015 13:22:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/3289
Breedon Aggregates to use cash for acquisitions – CEO http://www.proactiveinvestors.co.uk/companies/stocktube/3090 Simon Vivian, chief executive of Breedon Aggregates (LON:BREE), says there are many acquisition opportunities around at the moment, which explains the group’s decision not to pay a dividend at this point.

Speaking exclusively to Proactive Investors, Vivian says the outlook for the construction sector is ‘as positive as it has been for quite a few years’. 

The company’s final results, unveiled today, showed revenue rose 20% to £269.7mln from £224.5mln the year before, while underlying earnings shot up 36% to £38.5mln from £28.3mln. Profit before tax meanwhile almost doubled from £11mln in 2013 to £21.4mln in 2014.

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Tue, 03 Mar 2015 13:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/3090
Michelmersh Brick Holdings boss says rising demand is driving growth http://www.proactiveinvestors.co.uk/companies/stocktube/3020 Martin Warner, the chief executive of Michelmersh Brick Holdings (LON:MBH), says the demand for bricks in the UK is on the rise and ‘will never go out of fashion’.

Warner explains how the market has changed ‘dramatically in the last few years’ and talks about the strategy to keep up the momentum.

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Wed, 04 Feb 2015 10:42:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/3020
GTS Chemical Holdings’ Welch on group’s impressive progress http://www.proactiveinvestors.co.uk/companies/stocktube/3013 Derek Welch, non-executive director at GTS Chemical Holdings (LON:GTS), discusses the specialty chemicals firm’s progress over the past year, which has exceeded expectations. Welch says the business is generating enough cash that it won’t have to return to the market for funds ‘in the immediate term’.

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Mon, 02 Feb 2015 14:37:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/3013