Company
Breedon Group Plc
LON:BREE
Breedon Group plc is the largest independent construction materials group in the country, with the UK's largest cement plant, nearly 60 quarries, 27 asphalt plants and around 200 ready-mixed concrete plants, serving England, Wales and Scotland. The group has exceptionally strong asset backing, with more than 750 million tonnes of mineral reserves and resources. Breedon Holdings Limited, whose trading history dates back to 1996 as the former Ennstone plc, was acquired by Breedon Aggregates Limited (formerly Marwyn Materials Limited) on 6 September 2010. In August 2016 the company completed the acquisition of Hope Construction Materials Limited and changed its name to Breedon Group plc. Breedon is a public company listed on the Alternative Investment Market (AIM) of the London Stock Exchange, with a range of investors including a number of leading UK financial institutions which have recognised the opportunity to support the group's strategy to grow organically and through consolidation of the smaller end of the UK heavyside building materials sector.
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FTSE 100 makes gains as Shell, BP buoyed by oil spike; JD Sports slumps
The FTSE 100 ticked up on Thursday, led by Halma
Builders and building materials
Breedon on track for record earnings after passing through price rises
Revenues were up 16% in the four months to the end of October
Breedon and Devro offer updates, Friday's Agenda
Collagen based products seller Devro and construction company Breedon Group offer updates in a quiet day of announcements
Builders and building materials
AIM dividends continue to recover but growth expected to slow further
Around 29% of AIM companies are expected to pay dividends this year, Link said, down from around a third before the pandemic
Construction materials companies face tough time passing on cost increases, says Morgan Stanley
Soaring energy costs are likely to hit the sector, but FTSE 100 listed CRH could be the least badly hurt
Archive
FIVE AT FIVE: All the day’s City news including Zoom, AO World, Pets At Home and two City veterans slug it out over an unheard of fund
Here’s Proactive’s round-up of the day’s news with helpful links taking you to our up-to-the-minute news analysis.
Builders and building materials
Breedon needs to find remedies after CMA finds problems with Cemex acquisition
Analysts at broker Peel Hunt said “the number of markets is slightly higher than we would have expected”
Polypipe downgraded as coronavirus creates new drivers for building materials - analyst
New-build residential construction is a worry for the analysts, whose top picks include Breedon and Volution
Builders and building materials
SigmaRoc expands Welsh portfolio with purchase of stake in quarrying group GD Harries
SigmaRoc said it will purchase a 40% stake in GDH for £4.89mln with an option to acquire the remaining 60% for £7.5mln before 31 August 2020
FTSE 100 closes firmly to the good despite EU tensions
Mid-cap cousin FTSE 250 was also higher. It surged over 218 points to close at 18,584.
Archive
Pre-Thanksgiving smorgasbord as plethora of blue-chips report
A relative cornucopia of firms are scheduled to report results on Wednesday ahead of the US holiday, with a sprinkling of and UK and US economic data to taste
Archive
UK investors will have plenty of updates to chew over in the coming week as turkeys are prepared for US Thanksgiving
Aside from the inevitable Brexit drama, the Week Ahead will be dominated by another batch of corporate updates from the likes of Kingfisher, Centrica, easyJet, and Compass Group
Shearwater reveals second purchase under new management, with the £0.6mln acquisition of Newable Consulting
The AIM-listed firm said it will pay an additional consideration payment of up to £0.1mln for Newable, a leading UK-based provider of risk, technology, governance, cyber security assurance and advisory services subject to future performance
Archive
Proactive news summary: TekCapital, Nanobiotix , Ergomed ...
A summary of small cap news stories on the Proactive wires today
Builders and building materials
Breedon taps into booming Birmingham market with latest buy
Breedon Southern already runs a mini mix business, 1stMix, in the East Midlands