Questions for Grafton on late Brexit hit; Shares slump 10%

Shares in Grafton have slumped 10% after the Chadwicks merchants and Woodie’s DIY stores-owner warned that full-year profits will be hit by Brexit, after all.

In an update released a month early, Grafton said that sales growth towards the end of its September quarter had weakened in its UK merchanting operations in the UK, while in Ireland “consumer sentiment eased”.