The Building Merchants Federation (BMF) CEO, John Newcomb, has voiced concerns over the Budget’s impact on small and medium-sized merchants. Newcomb’s response follows government announcements of new revenue-raising measures, which, while anticipated, have sparked worries over increased operational costs. “We fully expected this to be a difficult budget for our …
Read More »Labour targets 40% affordable homes in ‘new towns’
Shadow housing secretary and deputy Labour leader, Angela Rayner, has said the party will work with the private sector to build “new towns”; the party aims to construct 1.5 million new homes over the next five years. In a speech to the UK’s Real Estate Investment and Infrastructure Forum in …
Read More »NMBS Exhibition sees record number of supplier and merchant interactions
Over 15,000 interactions were made between the 280 exhibitors and 1,080 visitors at the NMBS Exhibition, which is the highest number in the exhibition’s history. Last year’s event saw similar numbers of visitors through the Coventry Building Society Arena doors, but these increased interaction figures show the continued importance that …
Read More »PHMI: 2024 brings “more to be cheerful about” in the sector
The latest Plumbing & Heating Merchant Index (PHMI) report showed total value sales for January through specialist plumbing and heating merchants were up +1.5% in 2024 compared to the same month in 2023. But volumes decreased -3.7% as prices increased +5.4%. Taking trading day differences into account, like-for-like sales for …
Read More »Builders’ Merchants’ sales down 4%
The latest Builders Merchant Building Index (BMBI) report highlighted that builders’ merchants’ sales were down 4% in October 2023, compared to the same month in 2022 – volume sales dropping -11.5% and prices rising +8.4%. Eight of the twelve categories sold more in October 2023 compared to the previous year, …
Read More »Actis: “keeping homes cool is vital” with 2024 poised to break heat records
With climate scientists predicting that 2024 could be even hotter than record-breaking 2023, ensuring our homes stay cool in the blistering heat is essential for our health and comfort, explained insulation specialist Actis. Within the last few days, the Met Office has named 2022 as the hottest year in the …
Read More »Mannok appoints new CEO
Mannok has announced its appointment of Dara O’Reilly, 51, as its next CEO, he will succeed Liam McCaffrey, 61, who is set to retire as CEO during 2024. McCaffrey will continue to be involved in the business as a non-executive director. Ms Brenda Rennick, 47, Mannok’s finance director, has been …
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