breedon group rumours
Read more . Leicestershire’s Breedon Group, an independent construction materials group, recently reponsed to speculation concerning the acquisition of all or a significant part of the Lagan Group, major construction materials business, based in Belfast. 01 June 2020. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day. Breedon has become one of the sector’s most admired businesses, with a consistent record of delivery (proven again through COVID), offering a combination of organic development and acquisition driven growth, excellent free cash flow generation driving a phase of de-leverage and exposure to still positively expectant infrastructure markets in GB and Ireland. The rumours were confirmed yesterday when the UK’s Breedon Group announced its acquisition of Ireland’s Lagan Cement. Revenue for the half-year was £335.3 million (2019: £447.4 million) and Underlying EBIT was a loss of £0.6 million (2019: profit of £49.5 million). (Sharecast News) - Construction materials group Breedon said on Thursday that it had continued to deliver an "encouraging" performance since seeing demand begin to return in early May. 0 m². This has resulted in an increase of £5.5 million in the Group's deferred tax liabilities. You should independently check data before making any investment decision. Leicestershire’s Breedon Group has confirmed it is considering the potential takeover of a Northern Ireland roads, runways, construction materials and civil engineering group. The price was Euro527m, which Breedon will finance with a combination of a new loan, extended credit and an equity placing. Trying to predict how the Covid-19 crisis will impact on companies and sectors is not easy. The assets it will gain include a cement plant in Kinnegad, nine active quarries, 13 asphalt plants and nine ready-mixed concrete plants. The price was Euro527m, which Breedon will finance with a combination of a new loan, extended credit and an equity placing. The rumours were confirmed yesterday when the UK’s Breedon Group announced its acquisition of Ireland’s Lagan Cement. Amit was Executive Chairman of Hope Construction Materials until it was acquired by Breedon Group in August 2016 when he joined the Board. Date Time Title … BREEDON GROUP COMMUNITY has 1,509 members. Breedon Group says the acquisition will allow it to enter the Irish construction market. The Company operates in three segments: Great … Hargreaves Lansdown is not responsible for an article's content and its accuracy. It is asset and earnings (Sharecast News) - Breedon described a "robust performance" in its annual results for 2020 on Wednesday, as its revenue was broadly flat at £928.7m, compared to £929.6m in the prior year. Group Chief Executive. Ireland which are expected to be increasing at GDP plus over the next 5 years (or more). Breedon Group plc is the largest independent construction materials group in the UK. A place to chat, reflect and engage with each other who are connected to the Breedon Group. BREE is a large holding in the following funds: Fund : Percentage of Fund : Last Updated BLACKROCK THROGMORTON TRUST PLC: 2.20%: 2021-01-31: Breedon (BREE) Discussions and Chat. Fortunately, large companies like Breedon (LON:BREE) are well covered by professional analysts who are used to making forecasts about them.. Breedon is one of just 200 shares in the UK market valued at more than £1.0 billion (its market cap is £1,403m). Breedon Regulatory News. © Digital Look Ltd 1998-2021. We may not share Pat Ward. Trading in the first quarter was progressing broadly in line with our expectations until the latter part of March when the pandemic began to take hold. Breedon appoints first Group Head of Sustainability. Sign up Breedon news alerts Product calculator . In Scotland, Breedon Group operates two cement plants and multiple quarries, … https://www.breedong, Seems to be on the trajectory for that Dave. (Sharecast News) - Construction materials group Breedon has agreed to dispose of certain assets to Tillicoultry Quarries for £12.2m, as it looks to satisfy the Competition and Markets Authority's... (Sharecast News) - Petropavlovsk: Canaccord downgrades to hold with a target price of 40.0p. Please see Not sure there is, but happy to be proved wrong! The price was Euro527m, which Breedon will finance with a combination of a new loan, extended credit and an equity placing. "UK construction shares have been volatile through the coronavirus crisis and while the sector as a whole is not cheap, Berenberg analysts see opportunities for investment. wellbeing and our community we're performance of the business through this recent challenging period has demonstrated the Area. 2 Calculate the quantity you need . A Breedon Group internship can last anywhere from a couple of weeks to nine months. The price was Euro527m, which Breedon will finance with a combination of a new loan, extended credit and an equity placing. The Group employs approximately 3,500 people and has around 1 billion tonnes of mineral reserves and resources. Breedon’s Cemex buyout is the third big deal it has struck over the past five years. Newsroom articles are published by leading news Investment Case: Fundamentally, this is a stock we want to be buying. Breedon has sustained its trajectory of recovery seen since July and August, when it started to outpace 2019 comparative levels of revenue and EBIT, through September and October to the extent that it is now able to issue modestly improved guidance for FY20. Data policy - All information should be used for indicative purposes only. the views of the author. As a result, management now expects underlying EBIT for the full year ending 31 December 2020 to be ahead of current market expectations, at approximately £75m and net debt to be well below £400m at the year end. We have also reflected the UK Government's decision to cancel the planned reduction in the corporation tax rate in 2020 from 19 per cent to 17 per cent. (Sharecast News) - Greencore: Peel Hunt downgrades to hold with a target price of 170p. "The chancellor says capital - or long-term - spending on infrastructure will total £100bn, a £27bn real-terms rise from last year. Coronavirus - we're here to help All trademarks used on this website, whether registered or otherwise, belong to Breedon and its subsidiaries or associated companies. Group results (Sharecast News) - Construction materials group Breedon said on Monday that its trading performance had continued to exceed expectations in the fourth quarter. (Sharecast News) - Breedon Group has temporarily suspended production at the majority of its UK sites, the construction materials specialist announced on Thursday. It also has a sizeable contract surfacing and highway maintenance business. We retain a positive view on Breedon at this level. Width. The rumours were confirmed yesterday when the UK’s Breedon Group announced its acquisition of Ireland’s Lagan Cement. Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'. https://www.proactiv. Pat Ward. Do we think that infrastructure will be a gainer in the Chancellor statement. To coincide with # NAW2021, The Construction Collective hosted a special one-off LIVE show to address the ongoing skills shortage within the UK # construction sector. The stock has been a stellar performer rising c15% over the past month, is flat on the quarter but 36% higher over the past 12-months and we believe that the rating is not expensive (2022E EV/EBITDA c8x, PE 15.8x, dividend payments initiated and leverage closing in on 1x). deserving of a growth tag for which, in our view, there is little premium being asked. Encouraging trading update. Intraday Breedon Chart. Reduced down: for our terms and conditions. Breedon is a leading construction materials group in Great Britain and Ireland. He announces a new UK infrastructure bank, to be headquartered in the north of England, which he says will finance infrastructure projects from next spring, alongside the private sector." 1 Select your product. The assets it will gain include a cement plant in Kinnegad, nine active quarries, 13 asphalt plants and nine ready-mixed concrete plants. The announcement confirmed rumours. hTTps://www.bbc.co.u, Seems that Aviva plc & its subsidiaries did not agree. News Archive. He was appointed Deputy Chairman in 2018 and Non-executive Chairman in May 2019, and is Chairman of the Nomination Committee. Breedon Holdings Limited, whose trading history dates back to 1996 as the former Ennstone plc, was acquired by Breedon Aggregates Limited (formerly Marwyn Materials Limited) on 6 September 2010. Our analysts have selected this fund for the Wealth Shortlist. Top stock picks included companies where there is perceived to be more of a fiscal opportunity via infrastructure, such as Breedon Group PLC (LON:BREE), where the ‘buy’ rating was reiterated and share price target upped to 103p from 95p. " Ahead of expectations. Resulting situation 2.95 The Breedon (BREE) Share Charts 1 Year Breedon Chart. currently dominated by ‘recovery value’, Breedon offers the investor much more and is still It should only be considered an indication and not a recommendation. Breedon confirmed that its performance has continued to exceed expectations, with revenues in November ahead of the prior year and strong trading continuing into December, in part benefiting from benign weather conditions. Breedon Group plc is an independent construction materials company in Great Britain and Ireland. It has a market capitalisation of £1,580m, with approximately 1,688m shares in issue. The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. 1 Select your product. Read more . The selling price currently displayed is higher than the buying price. The Company operates in three segments: Great … Regulatory News Articles for Breedon Group Plc Ord Npv investments are right for you, please request advice, for example from our, Breedon turns in 'robust' performance for 2020, Breedon revenues continue to grow during October, Breedon agrees disposal of 14 sites for £12.2m, Breedon delivers 'encouraging' performance as demand recovers, CMA gives Breedon 5 days to address concerns over Cemex deal, Breedon Group 1H sales nearly unchanged, says outlook is 'positive', Breedon Group temporarily shutters most Ireland operations, Breedon suspends operations across UK sites, Additional Block Listing of Ordinary Shares, Update on CMA's Review of Completed Acquisition, https://www.sharecast.com/newsfeedterms/index.html, Register for online Consensus market expectations were previously for underlying EBIT of £71m. access. Breedon Group plc is an independent construction materials company in Great Britain and Ireland. Featured in Investor's Champion's daily update: Cenkos- Yes interesting, I have had it on my watch list for a few months however the yield is very low. Chancellor announces new infrastructure fund: core values of operational focus, asset protection and positive cash management. 3 Enter your details. 10m buy at 80p. All rights reserved. Cenkos- Wednesday, 8th … Breedon … Breedon Group said that the 90-year-old plant “Has a long tradition of actively engaging with the local community through its many social and communal activities. Good update. Breedon Group produces cement, construction aggregates, asphalt, ready-mixed concrete, bitumen and other construction materials. By Hannah Burley. growth rich, well-managed, cash generative and exposed to infrastructure markets in GB and Our revenues in April fell to 19 per cent of those recorded in the same month of 2019, followed by 45 per cent in May, before improving to 99 per cent in June as the recovery began to gather pace. Look Ltd content, including by caching, framing or similar means, is expressly prohibited The assets it will gain include a cement plant in Kinnegad, nine active quarries, 13 asphalt plants and nine ready-mixed concrete plants. To apply, please email a copy of your CV and a covering letter detailing your preferred geographical location to careers@breedongroup.com. (Sharecast News) - Construction materials group Breedon said on Wednesday that it had continued to deliver "an encouraging performance" so far in the fourth quarter of its trading year. Donna Hunt brings over 20 years’ knowledge and experience to the Group. **Note All 3 membership questions must be … without the prior written consent of Digital Look Ltd. The rumours were confirmed yesterday when the UK’s Breedon Group announced its acquisition of Ireland’s Lagan Cement. Pat Ward . EV £1.7bn, EBIT delivery £70m..... Looking forward to end of year results. anyone think there is any value here? Hello! Group aggregates volumes for the half-year totalled 8.0 million tonnes (2019: 9.9 million tonnes), asphalt volumes stood at 1.0 million tonnes (2019: 1.4 million tonnes), ready-mixed concrete volumes totalled 1.0 million cubic metres (2019: 1.5 million cubic metres) and cement volumes stood at 0.8 million tonnes (2019: 1.0 million tonnes). The Company operates two cement plants and a network of quarries, asphalt plants and ready-mixed concrete plants, together with slate production, concrete and clay products manufacturing, contract surfacing and highway maintenance operations. If you're not sure which Breedon Forums and Chat. (Sharecast News) - Go-Ahead Group: Canaccord upgrades to buy with a target price of 1,650p. From how to access your account online, scam awareness, your Impressed by what they have achieved in last year in the circumstances. Live BREE RNS. Product calculator. Breedon Group chief executive officer Pat Ward talks to Quarry Management about the group’s recent acquisitions, including its biggest yet – the Irish Lagan Group – plus an elegant deal with CRH/Tarmac, and how they impact on the Breedon operation. here to help. Breedon Investors Breedon Takeover Rumours. The content of the pages on this website is the copyright of Breedon and no permission to copy, reproduce, modify or download the Breedon website or any part of it is given other than for private non-commercial use. Length. Refreshing to see a figure put on "market expectations" which BREE expects to beat. Breedon is a leading construction materials group in Great Britain and Ireland. Breedon Group has acquired a string of Scottish plants and quarries as part of a £178 million deal with concrete supplier Cemex. HL cannot guarantee that the data is Breedon revenues grow in November Sharecast News: 21 Dec : Breedon revenues continue to grow during October Sharecast News: 18 Nov : Breedon agrees disposal of … Someone is keen paying through the offer like that. Depth. Our website offers information about investing and saving, but not personal advice. Pat Ward and Rob Wood discussing 2020 Results: Smart Money! Good to see that CDE are a successful British Isles company (NI) and able to supply what BREE needed without having to buy from Germany, Italy, S Korea or America etc,. We produce cement, aggregates, asphalt, ready-mixed concrete, Welsh slate and specialist concrete and clay products, and offer a range of contracting services. One of my few that are in green today, Breedon Rated New Overweight at Morgan Stanley; target 114 pence, Can anybody recommend better brokers than iii, does not seem to be heading anywhere, is it because of COVID or lack of exposure to HS 2 etc. Breedon Group Plc Ord Npv is listed on the London Stock Exchange, trading with ticker code BREE. Breedon … The impact on demand and consequently on our business was immediate and significant. The assets it will gain include a cement plant in Kinnegad, nine active quarries, 13 asphalt plants and nine ready-mixed concrete plants. This, he says, is the "highest sustained levels of public investment in more than 40 years." 2 Calculate the quantity you need. Updated report commissioned by Breedon Group shows a 15% increase to £61 million. 1 Month Breedon Chart. https://www.sharecast.com/newsfeedterms/index.html Due to restrictions associated with the recent COVID-19 outbreak, Whitemountain is using an alternative means of contact. In a sector (Sharecast News) - Breedon Group announced on Wednesday that it had temporarily suspended production at its sites in the Republic of Ireland, following new government restrictions amid the Covid-19... (Sharecast News) - Breedon Group has temporarily suspended production at the majority of its UK sites, the construction materials specialist announced on Thursday. The Company operates two cement plants and a network of quarries, asphalt plants and ready-mixed concrete plants, together with slate production, concrete and clay products manufacturing, contract surfacing and highway maintenance operations. (Sharecast News) - The Competition and Markets Authority has given Breedon five working days to put forward some remedies after it found that the construction materials group's £178m acquisition of... (Sharecast News) - Breedon Group saw its first half profits wiped out as activity came to a stand- still during the second quarter. If you have a sales enquiry, call 02892 639755 or email sales@whitemountain.co.uk.For the accounts team, email accounts@whitemountain.co.uk.If you wish to make a payment, call 02892 501042. Short bio . accurate or complete, and accepts no responsibility for how it may be used. agencies. Position of previous notification 4.12 Material. B reedon Group lost its footing yesterday as a leading shareholder sold its stake and amid rumours that another big investor might cut its holding. Share price still holding up though. The company was founded in 2008 by Peter Tom, chairman of the Leicester Tigers rugby club, and Simon Vivian. This news service is operated by Digital Look Ltd. Republication or redistribution of Digital Group Chief Executive.
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