News

Builders merchant group Travis Perkins is launching a rights issue to raise around £314m, just weeks after rival builders merchants Wolseley competed their £1bn cash call.

Builders merchants Travis Perkins have seen a fall in sales of 19% on a like-for-like basis at their merchanting division for the first four months of 2009.

Tile and stone retailers Tile Depot are now selling bathroom suites alongside their tile ranges, both in-store and on-line.

A campaigner who failed in a bid to limit operations at Cemex's Rugby Cement works may have to pay £88,000 in costs.

Heidelberg Cement, the German parent of building materials suppliers Hanson lost 63m euros in the first quarter of 2009, compared with the same period in 2008.

The UK construction industry continued to contract in April though the speed at which it did so slowed considerably, according to a new survey.

A builders merchant, who stole £40,000 from his employer to build a house in Tunisia, has been jailed for nine months.

Builders and plumbers merchant group Wolseley have got rid of their loss-making US arm, Stock Building Supply Holdings, via a joint venture deal with investment firm The Gores Group.

Plumbing people Geberit have celebrated the move to new purpose built UK head office and training academy in Warwick with an official opening ceremony.

Saniflo sales director, Tim Pestell is to ride through France from the English Channel to the Mediterranean in aid of the Cancer Research charity.