25 February 2021 | 07:59am
StockMarketWire.com - Building materials distributor Grafton resumed its dividend but at lower rate than last year, after reporting annual profit fell by nearly quarter owing to first-half branch closures as result of the pandemic.
For the year ended 31 December 2020, pre-tax losses fell 23% to £132.7 million as revenue slipped 6.1% to £2.5 billion.
The dividend for the year was slashed by 23.7% to 14.5 pence.
In the period from 1 January to 21 February, average daily like-for-like group revenue reduced by 1.0%., comprised of a decrease of 0.9% in UK distribution, a decrease of 12.7% in Irish distribution and an increase of 1.1% in the Netherlands distribution.
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20 January 2021 | 08:37am
StockMarketWire.com - Building materials distributor group Grafton said it had reinstated payment of its second interim dividend for 2019.
In advance of the extraordinary general meeting of the Group to be held 21 January 2021 to approve certain resolutions, the company said it had agreed that the previously suspended second interim dividend for 2019 would now be paid on 19 February 2021.
At 8:37am: [LON:GFTU] Grafton Group PLC share price was 0p at 823.5p
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12 January 2021 | 08:36am
StockMarketWire.com - UK stocks tracked sideways in early trade on Tuesday as fears about the economic impact of a third nationwide Covid-19 lockdown were tempered by a bevvy of company earnings upgrades.
At 0824, the benchmark FTSE 100 index had inched 2.04 points, or less than 0.1%, lower to 6,796.44.
Home improvement retailer Kingfisher added 3.5% to 289.2p on announcing that it was comfortable with the top end of current market expectations for its annual pre-tax profit as strong demand continued.
House builder Vistry rallied 3.6% to 984.5p, having guided for a full-year profit at the upper end of forecasts and resumption of dividends with a modest final payout.