Travis Perkins’ profit plunged by £348.6m in 2018 as the materials suppliers overhauled its business.
The group took a one-off cost of £386.7m, with a writedown of the goodwill value for Wickes and Tile Giant responsible for just over £250m of this. During 2018 the company cut its financial forecasts for…
Supply Chain
Mace CEO on Brexit: ‘Avoid materials blockages at ports’
Mace chief executive Mark Reynolds has urged the government to keep goods flowing into the UK unhindered, or risk work stalling on construction sites.
Speaking to BBC Radio 5 Live’s Wake Up to Money, Mr Reynolds said that the biggest risk facing the sector was not knowing what would happen after…
Materials in 2019: Trade, tariffs and looking beyond Brexit
While it is impossible to look to 2019 without mentioning Brexit, the near-term outlook for construction activity has already been shaped by the uncertainty since the 2016 referendum.
The commercial offices sector is a prime example of the lagged effects of this. New orders have almost halved since the vote, and…