Shares dip for Woodie's owner Grafton as inflation concerns increase

Firm says trading needs to be at its usual level during autumn and early winter if it is to reach full year profit

Grafton said results in the Woodie’s DIY, home and garden business in Ireland were lower than anticipated. Picture: Leon Farrell/RollingNews.ie

Shares for building merchants group Grafton fell 3% as the company posted a drop in operating profits in its latest interim results.

The company, which is best known in Ireland for its Woodie’s and Chadwicks stores, said trading needs to be at its usual level during the autumn and early winter seasons if the firm is to reach full year profit in line with predictions.