Global fastener market predicted to top $104 billion by 2020
The Global Industrial Fasteners Market is expected to hit USD $104.32 billion by 2020, according to a study by Grand View Research. For those keeping score, that total is significantly higher than the prediction made by Global Industry Analysts Inc, which said the global market for Industrial Fasteners will reach US$83.8 billion by 2020. Both reports cite the automotive […]
Sales up for Fabory and Cromwell owner Grainger
Grainger saw sales rise 2% to $2.6 billion in Q2 2016, however net earnings were down 22% from $221 million to $173 million. Grainger, owner of Fabory and Cromwell, said a “difficult industrial environment” hit the Q2 performance. The quarter also saw some restructuring in Canada and coping with the fallout from the extreme wildfires in […]
73% of fixing and fastener firms see sales rise, says report
A brand new study from market analyst Plimsoll Publishing indicates confidence is up in the Fasteners & Fixings sector as 73% of companies have seen their sales increase in the latest year. The study, which looks at the largest 866 companies operating in the UK Fasteners & Fixings industry, indicates these growing companies are delivering […]
Metal pricing impacts Alcoa Q2 results
Alcoa’s Q2 revenue fell 10% year-on-year to $5.3 billion, with metal pricing fluctuations impacting the company’s financials. The firm, soon to officially separate into the Alcoa Upstream Corporation and Value-Add Arconic, said it saw a 4% revenue increase from recent acquisitions and organic growth, which was offset by a 14% decline, due in part to […]
Buildbase and Selco owner Grafton sees revenue build to £1.23 billion
Builders merchanting and DIY group Grafton saw revenue up by 13.3% to £1.23 billion in the six months to 30 June (like-for-like 2015 £1.08 billion). Grafton’s operation is largely based in the UK and Ireland, with a smaller presence in the Netherlands and Holland. The building materials group has 668 branches across different brands, principally […]
Profits up for Trifast
Trifast has posted profit growth in its preliminary results for the financial year ended 31 March 2016. TR’s revenue rose to £161.4m from £154.7m, while underlying profits before tax grew to £16m from £14.3m in the previous year. The UK produces 40% of the group’s revenue. TR said it was a solid year’s trading despite a […]
Sharp fall puts Construction Index back to 2013 levels
The UK Construction Purchasing Managers Index fell to 46.0 in June from 51.2 in May. The index has not fallen below 50 since April 2013 – above 50 denotes growth. The figures may have been impacted by pre-referendum uncertainty, some pundits have argued, though of course the fall in the index cannot be blamed on […]
Business craves stability as Britain decides to leave EU
In the hours after the UK has decided to leave the European Union, businesses are tackling the question: “What next?” The London stock exchange has perhaps predictably been rocked, down more than 8%. Perhaps most notably for UK importers and exporters is the collapse of the pound, falling significantly against the euro and dollar. This morning […]
Bosch UK sales reach £2.7 billion
Powertool specialist Bosch saw UK sales grow 6.3% to £2.7 billion for its overall business in 2015. The UK is the second biggest European market for Bosch. The Consumer Goods section of its business – including cordless power tools and household appliances – saw an approximate increased in sales of 5%. In its yearly financial report, […]
Construction output bounces back
According to new statistics from the Office of National Statistics (ONS), construction output bounced back in April by 2.5% month-on-month. The year-on-year figures were less positive, however, down 3.7% on the April 2015. New orders for Q1 were down too – at 1.2% compared to both Q4 and Q1 in 2015. Despite that mixed set […]