Shares have soared over 10% in the Grafton Group, which is considered the ultimate Brexit bellwether stock because it owns building merchants in the UK, Ireland, and on the continent.

Shares in Irish building products provider Grafton Group fell 3.5% after it said it has begun to see a weakening in its core UK market.

The chief executive of Irish-based builders' suppliers group Grafton has said management will not be restricted to the countries in which the business already operates when looking for further acquisitions.

Shares in builders merchanting and DIY group Grafton surged nearly 8% on the back of latest revenue figures showing the group is defying the drop in consumer confidence in its core market of the UK.

The boss of the Grafton Group has said the building merchants firm is “not constrained by geography” and is looking at further acquisitions in Europe.

Shares in building suppliers Grafton Group have risen over 1.25% after it said it had bought London specialist decorators’ merchant firm Leyland.

The boss of the Grafton Group has said he expects construction in both Ireland and the UK to grow, as the building supplies giant reported a 9% rise in revenue and a 16% rise in pre-tax profits in the six months until the end of June.

Shares in Grafton have risen 1% in London as the Woodie’s and international merchants group reassured about the outlook for its UK operations. 

Dublin-based builders suppliers business Grafton Group has expressed caution about its core market of the UK despite seeing a strong start to the year.

Construction supplies group Grafton is to create another 170 jobs in its Irish merchanting business in the next two years as it expands its operations in response to an upturn in business.

Builders suppliers Grafton Group is planning to expand its presence in Europe.

Shares in Grafton Group jumped by over 8% yesterday as the Dublin-headquartered builders merchanting business said it exited 2016 on a high, with revenues for the year more than 13% ahead.

Grafton Group is expected to keep expanding its presence in the Netherlands after announcing a deal which will significantly boost its market share in the country.

Grafton Group chief Gavin Slark has said there is nothing in the business’ half-year financial results “suggesting we have medium-term issues”, adding that management sees the uncertainty around Brexit being a short-term threat.

Builders merchanting business, Grafton Group has expressed confidence in its Irish operations continuing to grow, amid concern over its core UK business in the aftermath of Britain’s decision to leave the EU.

Shares in Dublin-headquartered builders merchanting business Grafton Group slipped yesterday as the UK-focused company warned that Brexit uncertainty is negatively affecting its trade at present.

Michael Chadwick is to leave Grafton Group — the Dublin-based international builders merchanting business he led for nearly 30 years — at the end of this year.

Builders’ merchants group Grafton has expressed confidence in maintaining long-term profit growth, despite lowering its current year forecasts due to market challenges.

Irish-headquartered builders’ merchants and DIY firm Grafton Group have bought a market leading Dutch company in its biggest ever deal in Continental Europe.

The full effects of the Central Bank’s mortgage lending restrictions are yet to be felt but underlying demand for homes offers the potential of strong growth for builders’ merchants.

Builders’ merchants group, Grafton has seen a marked recovery in its Irish operations, with revenue here up by 14.7%, year-on-year, on a constant currency basis in the six months to the end of June.

Grafton, the Dublin-headquartered builders merchanting and DIY retail group, is actively reviewing opportunities to expand its operational presence in western Europe.

Irish headquartered building materials group and Woodies owner Grafton Group made a pre-tax profit of £101.2m (€142.5m) last year as the Irish and UK economies continued to improve.

Builders, merchanting, and DIY group Grafton increased revenues by almost 10% last year, helped by exposure to the recovering construction sectors in Ireland and the UK.

Builders’ merchants and DIY firm Grafton Group increased revenues by just over 10% to the end of October, according to its interim management statement released yesterday.

Grafton Group has extended its presence in the UK through the acquisition of a three-branch builders merchanting business in the south-east of England.

Builders’ merchants group Grafton expects its Irish operations to contribute significantly to its overall growth in the coming three-to-five years.

Grafton Group has reported an 11.3% annualised increase in first-half revenue to just over £1bn (€1.26bn); buoyed by growing economic momentum in its core geographical markets of Britain and Ireland.

Revenues at building materials group, Grafton, are nearly 14% ahead in the year to date, with the Dublin company saying trading has been "strong" and "positive" since the turn of the year.

Building merchants’ group Grafton believes recovery in the construction sector will be led by small contractors who are seeing a pick up in business.

Improvements in general economic conditions and consumer sentiment boosted performance at building materials and DIY specialist, Grafton Group last year, with overall revenues rising 8% to £1.9bn (€2.3bn).

Grafton Group has reported a 7.4% year-on-year increase in revenue for the first 10 months of this year, supported by improved trading conditions in its main geographical markets.

The Grafton group is considering moving its listing to London in what would be another huge blow for the Irish Stock Exchange.

Grafton Group could be set to raise up to €50m in new financing via the issuance of a new seven- year retail bond.

Building materials and DIY group Grafton said it is willing to make “a very significant contribution” in order to lower its near €280m pension deficit.

Grafton Group has said it anticipates its full-year 2012 results to show better-than- expected operating profits, when they are published in March.

Irish building materials group, Grafton, has said it is open to making acquisitions this year, but only at the right value.

Grafton Group is targeting a further operating profit increase and “modest” turnover growth this year, but has warned that cost cutting measures could result in some job losses.

Grafton Group has reported a higher turnover and a good improvement in operating profit in the half year to June 30, 2011.

THE ISEQ advanced a further 44.47 points yesterday to close at 2,997.76, marking five straight days of gain.