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Grafton subsidiary Macnaughton Blair warns of Brexit slow-down risk

 

Builders merchant MacNaughton Blair, part of the Grafton Group, has warned  that Brexit and weak global output could hinder further growth.

The company saw a 70% leap in operating profits to £5.3m last year as turnover grew 4.7 %to £83m. Directors said 2015 was marked by “resilient” demand in the domestic market, “supported by rising employment, growth in real incomes, consumer confidence at near record highs and historically low interest rates”.

However, the company also said: “while these trends are expected to continue there are downside risks that the weather outlook for the global economy, volatility in financial markets and the economic effects of the UK decision to leave the European Union could weigh on consumer confidence and demand.”

The MacNaughton Blair group operates 14 builders’ merchants premises across the Northern Ireland.

About Fiona Russell-Horne

Fiona Russell-Horne
Group Managing Editor across the BMJ portfolio.

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