Company
Forterra PLC
LON:FORT
Forterra is a UK leader in manufactured masonry products, with a unique combination of strong market positions in clay bricks and concrete blocks, complemented by a well-rounded portfolio of bespoke construction products. Forterra’s products have a broad customer base, comprising builders’ merchants, residential homebuilders, specialist brick merchants, contractors and subcontractors and the Group’s end market exposure can be divided between the residential new build, residential RMI and commercial construction markets.
20 stories
Builders and building materials
Forterra encouraged as builders restart operations but will cut 225 jobs in restructuring
Revenue declined by 86% and 62% respectively through April and May, and, the company is now preparing for a prolonged impact on UK building sector.
Builders and building materials
Forterra to relight the kiln at one of its brick manufacturing facilities
Forterra originally shut down production late in March
Builders and building materials
Forterra chisels down profit target after contract delays
The company said it expects full-year profit before tax to be “modestly below” last year’s £64mln, which was a 9% increase compared to 2017
FTSE 100 edges higher ahead of big Brexit vote
"It’s over. The deal and perhaps May’s premiership. The DUP & the ERG & Cox have seen to that. What’s extraordinary is that no-one knows what happens next," tweeted the BBC's Nick Robinson
Archive
If Theresa's May's plan is voted down again, the Brexit can might be kicked further down the road
Tuesday will also bring the latest UK GDP growth data, a day ahead of the Chancellor's Spring Statement, as well as results from Domino's Pizza, G4S, and Cairn Energy
Archive
Shifting supermarket landscape the focus with first-half results from Morrison's
Aside from Morrison's, the Week Ahead will also bring updates from housebuilder Berkeley Group, insurer Prudential and fund manager Standard Life Aberdeen
Peel Hunt adjusts ratings in UK building materials and merchanting sector after cutting estimates, targets
Peel Hunt said it upgraded all ratings for Ferguson PLC, Keller Group PLC, and Volution Group PLC to ‘add’ from ‘hold’
FTSE 100 closes slightly in red as traders sit on hands ahead of central bank updates
FTSE 100 closed down 0.46 points, or 0.01% at 7,700 on Monday
Archive
Banks in the foreground as the BoE and Fed make rate decisions; Barclays, Lloyds, RBS all report results
Aside from the raft of banking numbers in the Week Ahead, the likes of BP, Centrica, Next, Rolls-Royce, BAE Systems and Taylor Wimpey will also continue the FTSE 100 reporting splurge
Builders and building materials
Forterra downgraded to 'neutral' by Citigroup after good run over the last year
Trading this year has been affected by the severe weather. This led to lost production and delays in construction activity, which affected demand for its products, particularly during March.
Investments and investor services
FTSE 100 closes in red as Wall Street suffers, but miners show support
FTSE 100 closed down around six points at 7,132 but big cap miners were up
Morrisons is not the basket case it once was
Previews of results statements from supermarket chain, Morrisons; insurer behemoth, the Pru, and infrastructure contractor, Balfour Beatty
Archive
Chancellor's Spring Statement unlikely to include big spending plans, says think-tank
The week ahead includes the UK's budget statement and earnings from Morrisons, Prudential, Cairn Energy, Cineworld, Savills, Wetherspoons, Balfour Beatty and Fevertree
Archive
Centrica and BP to put some energy into the start of August
British Gas owner Centrica and BP are among the blue-chip names in Tuesday’s City agenda.
Archive
Banks to dominate another busy earnings week, including numbers from HSBC and RBS
Week ahead: HSBC, Royal Bank of Scotland, Royal Dutch Shell, Next, Centrica, Shire, US jobs, Bank of England policy meeting ...
Jefferies thinks 'All Roads Lead to New-build' as it repeats bullish view on UK housebuilders
The US broker highlighted four reasons for their preference for the builders noting, firstly. that not enough homes are being built in the UK, meaning demand outweighs supply
FTSE 100 ends higher before Fed rate decision
FTSE 100 shares ended higher on Wednesday, thanks to buoyancy in the pharma and mining sectors while a US rate card was considered in the bag, priced and sold on the market
Archive
Day ahead: Fed meeting to dominate, although any US rate hike due after London close
Following recent hints from Fed policymakers, most especially chair Janet Yellen, markets are braced for the first US interest rate rise of this year
Archive
Antofagasta closing in on a feasibility study of expansion of Los Pelambres
Big names reporting include Antofagasta, Hikma and Robert Walters.