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Oct 17 2019, 08:25 IST/BST
Grafton Group
Weaker sentiment hits recent trading
- Sectors : Builders Merchants
- Companies : Grafton Group
DAVY VIEW
Weaker consumer sentiment in September and October has hit trading at Grafton’s businesses in the UK and Ireland. In the UK, activity has slowed as political events have ramped up, contributing to weakness in big-ticket items. Activity in Ireland has likewise been affected and the net result is a 4-8% reduction in market estimates for the stock. That guidance assumes continued softness in end-markets.
