Grafton shares slide 8% over UK market concerns

Shares in builders merchanting group Grafton slid up to 8% yesterday on signs of slower growth in its core UK market.

The group gave a broadly upbeat trading update, saying overall revenues for the first 10 months of the year were up 9.1% on a year-on-year basis to £2.3bn (€2.6bn); buoyed by improving trends in its Irish and Dutch divisions.