Howden Joinery builds revenue position

FTSE 250 builders merchant Howden Joinery (LON:HWDN) upped its revenues by 5.7% during the first 16 weeks of the financial year, beating strong comparatives from the prior year due to a price rise during January. The company believes that it is on track to meet full-year expectations despite concerns about market conditions and uncertainty around Brexit.

Eight new depots have been opened so far this year and management plan to open a further 32 over the remainder of 2019.

Howden Joinery shares climbed by 2.71% to 516.20p (as of 15:25 BST).