Tuesday July 14, 2020

Comment: Grafton’s Chadwick ready to make difficult choices

The headwinds facing Michael Chadwick’s Grafton Group should have come as little surprise to shareholders when the building materials group published full-year results last week.

28th February, 2009

The headwinds facing Michael Chadwick’s Grafton Group should have come as little surprise to shareholders when the building materials group published full-year results last week.

A collapse in construction activity and consumer spending going into reverse were always going to be bad news for a builders’ merchant and DIY specialist.

The company could also do little about the impact of sterling’s recent exceptional weakness, apart from count the cost of its heavy...

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