Tarmac: Building materials group sheds jobs as turnover hits £2bn Business Turnover at building materials group Tarmac hit £2bn during its latest financial year as its profit jumped, it has been revealed. The Solihull-headquartered company’s increased sales in 2023 come after its turnover stood at £1.99bn in 2022. Newly-filed accounts with Companies House also show its pre-tax profit improved from £125.9m to £168.1m over the same [...]
Lords Group Trading: Shares in building merchant plunge after government delays heat pump scheme Business Shares in the UK builders merchant Lords Group Trading plunged by more than 15 per cent over the past week ahead of the company releasing a set of lack-lustre half year results on Tuesday. The London-listed company, which is headquartered in the capital, saw its share price slump to 36.5p in early trades as it [...]
Ibstock profit slashed as ‘exceptionally wet weather’ hits construction industry Property Sales and profit at building supplies company Ibstock has continued to fall as “exceptionally wet weather” badly affected the construction industry. The London-listed firm, which is headquartered in Leicestershire, saw its revenue drop 20 per cent to £178m in the first six months of 2024, down from £223m last year. Ibstock said this decrease was [...]