Howden Joinery performance measures up
Howden Joinery said UK revenue was up 5.9 percent in the first 16 weeks of 2012 and increased 4% on a same depot basis despite challenging market conditions.
Howden Joinery said UK revenue was up 5.9 percent in the first 16 weeks of 2012 and increased 4% on a same depot basis despite challenging market conditions.
The kitchen supplier, previously called Galiform, said total revenue in the two most recent periods was up 9.4%, helped by the relatively weak comparative periods.
The group, which supplies kitchens directly to builders in the UK and France noted direct comparisons with last year are made difficult by a number of factors, including the timing of bank holidays and price increases.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Howden said it is pleased with its performance in the year to date, whilst remaining cautious about the outlook for the rest of the year as the tough market environment continues.
So far in 2012, the gross profit margin performance is in line with market expectations for the full year, it said.
CJ
-
Lloyds, Halifax and Bank of Scotland to shut another 45 branches
Lloyds Banking Group, which includes Halifax and Bank of Scotland, is set to close a further 45 branches in 2024 - find out if a branch near you is closing.
By Vaishali Varu Published
-
US stock trading app Robinhood launches in the UK
The low-cost trading platform has opened another waiting list for British investors - following two failed attempts to launch in this country - and is hoping to be fully operational next year.
By Ruth Emery Published