Grafton says full-year operating profit to be 3% to 4% below expectations

The building materials group, which owns Woodies, said trading remained positive

Revenue in the last four months was up 4.8%

Grafton Group said it expects full-year operating profit to be three to four per cent below market expectations of £130.9 million (€185 million) as the UK market remains competitive and the Belgian market continues to be weak.

The building materials group, which also owns the Woodies chain of DIY stores, said revenue in the 10 months to the end of October rose by six per cent to £1.87 billion (€2.64 billion) as trading ...