Grafton earnings on target

Builders providers Grafton has said earnings for 2006 are expected to be in line with market expectations.

To date this year, 16 acquisitions have been completed in the UK (nine since the end of June 2006) for a total of about €80m. These acquisitions have added 27 branches to the group’s network in the UK and had an annualised turnover in excess of €120m.