Builders and building materials
Breedon Aggregates Ltd racks up record annual results
Building materials supplier boosted profits by nearly half last year
Company
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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Builders and building materials
Building materials supplier boosted profits by nearly half last year
Investments and investor services
Big news from ANGLE, Breedon Aggregates and Shanta Gold too.
Builders and building materials
The echos of Auld Lang Syne have barely faded, and already Breedon Aggregates has two chunky contract wins north of the border
Builders and building materials
After landing a record-breaking £55mln road deal earlier this month, Breedon has secured another contract north of the border, this one for £10mln.
Investments and investor services
Forte Energy, Ferrexpo and MX Oil were also in the news on Thursday
Builders and building materials
The Aberdeen Western Peripheral Route/Balmedie-Tipperty (AWPR/B-T) project is currently the UK's longest roads construction project
Archive
London’s blue-chips turned higher as the day wore on to finish ten points higher.
Archive
A notable riser on a grey day was DekelOil, whose shares gained 15% after it confirmed that its palm kernel crushing plant is now in commercial production and sales have begun.
A look at some of Wednesday's trending financial stories...
Builders and building materials
The acquisition is expected to be “double digit accretive” to earnings per share as well as resulting in £10mln of cost savings.
Builders and building materials
The growth figures quoted don’t seem spectacular, but for companies feeding the UK construction sector, they are right up there.
Builders and building materials
Breedon had strong momentum in the first half and Cantor expects this to continue over the remainder of the year.
Investments and investor services
A flurry of announcements from the consortium involved in Horse Hill got investors excited today.
Investments and investor services
There was a lot of big news in the world of small caps today.
Builders and building materials
Breedon Aggregates had a bumper first half of the year and is tipped by broker Cantor Fitzgerald to continue outperforming.
Halfords, Associated British Foods, Breedon, Fidessa and Vedanta were all in Tuesday’s broker spotlight
Archive
Atlantic Coal shares advanced on Thursday as it saw anthracite sales rise strongly...
Builders and building materials
Buoyant demand, good weather, acquisitions chipping in and the fall in oil prices all contributed.
Investments and investor services
Marmite may divide opinions but most people agree the brand's owner, Unilever, is a bit of a stodgy but reliable pudding of a company.