Construction materials firm Breedon Group said today that it expects to report a better-than-expected underlying EBIT for the year and slightly above the upper end of the range of market expectations following a period of continued growing demand.
Breedon Group reported £46.2 million in pre-tax profits in the first six months of 2021 after weathering the Covid-19 storm. The construction materials group had reported pre-tax losses of £10.1 million in the same period in 2020, but profits have now reached a higher level than the &pou
Breedon has appointed James Haluch as managing director of its GB Contracting business. Mr Haluch has been managing director of highways & waste collections at Amey for the last five years. He has grown the business significantly, both in turnover and margin, and has developed a strong service c
The Competition and Markets Authority (CMA) has paved the way for materials supplier Breedon to acquire around 100 sites from Cemex after accepting moves by the company to resolve competition concerns.
Construction materials group Breedon has announced that James Brotherton will join the executive management team as chief financial officer (CFO) designate on January 1. Mr Brotherton was CFO of Tyman Plc between 2010 and 2019, prior to which he was director of corporate development for five years,
Construction materials group Breedon has said the improving trends reported in its September trading update have continued into the fourth quarter, with group revenues in both September and October ahead of the same period in the prior year, on a like-for-like basis.
Construction materials supplier Breedon has agreed the disposal of certain assets to Tillicoultry Quarries Limited for £12.2 million on a cash and debt free basis as it moves to address competition concerns regarding its acquisition of around 100 sites from Cemex.
Pat Ward has announced his intention to retire as group chief executive at Breedon and a director of the company next year. It is anticipated that he will be succeeded by Rob Wood, Breedon’s group finance director.
Construction materials supplier Breedon is to offload two quarries and a cement terminal in Scotland in an effort to address competition concerns regarding its £178 million deal to buy around 100 Cemex sites around the UK.
Breedon’s proposed purchase of certain Cemex assets will raise competition concerns, and result in higher prices for materials in the East of Scotland, the Competition and Markets Authority (CMA) has warned as it set a five-day deadline for the concerns to be addressed.