Woodies owner Grafton sees revenue up 10% but global fears hitting European operations 

Shares fall in London after building materials and DIY group issues cautious outlook

Shares in Grafton, the building materials distributor and owner of Woodies and Chadwicks, fell on Thursday after the firm said it is not expecting "significant" increase in volumes this year as global macroeconomic uncertainty affects trading in its European operations. Picture: Eddie O'Hare

Shares in Irish building materials distributor and DIY retailer Grafton fell on Thursday after the firm said it is not expecting "significant" increase in volumes this year as global macroeconomic uncertainty continue to affect trading in its European operations.

For the six months ended June 30, Grafton's group revenue rose 10.1% to £1.25bn (€1.45bn), in line with management expectations.