business

The Share Price Performance Of Fenestration’s Traded Companies

The share price of Safestyle UK has been in the spotlight over the last couple of weeks as the company seeks to inject new cash from additional investors to shore up the company. You can catch up on the latest news from the company here. So I thought it might be worth taking a [...]

By |2023-10-12T23:43:39+01:00October 12th, 2023|Categories: business, double glazing industry|

Safestyle Issues Statement In Response To Media Speculation

A week after the last statement from Safestyle UK, in which they alerted markets and the wider sector that they were seeking an injection of cash from a third party investor, they have released a new statement which they call a response to media speculation. In this new statement, they confirm that the continuation [...]

By |2023-10-10T21:50:07+01:00October 10th, 2023|Categories: business, double glazing industry|

Sevenday Windows Issues Statement

Appearing to confirm what has been reported on the BBC and other outlets, Sevenday Windows have taken to Linkedin to make a statement on the status of the business. It is as follows: Whilst this week has been challenging for our former colleagues at the old UKWDG, we are very pleased to say that [...]

By |2023-10-05T17:05:05+01:00October 5th, 2023|Categories: business, double glazing industry|

Safestyle Seeks New Investment In Bid To Inject Cash

In another brand new trading update posted this morning, Safestyle UK have stated that they are in talks to find new third party investors and renegotiating their credit facility with their providers. This is their new trading update in full: Safestyle UK plc (AIM: SFE), the leading UK focused retailer and manufacturer of PVCu replacement windows and doors [...]

By |2023-10-03T13:16:57+01:00October 3rd, 2023|Categories: business, double glazing industry|

Official Statement From VEKA Plc On UKWDG

This is an official statement from VEKA Plc on the administration of the UK Windows And Doors Group: Last week, we were made aware that the current owners/backers of UK Windows and Doors Group (UKWDG) were not prepared to continue to provide funding and, as such, should a buyer not be found, that administration [...]

By |2023-10-03T12:10:09+01:00October 3rd, 2023|Categories: business, double glazing industry|

Logistics Firm Knights Of Old In Administration

Kettering-based logistic firm Knights Of Old Limited has been placed into administration, with the loss of 730 jobs. To the world of fenestration this matters as the company was used by some companies in our sector for their own logistic and delivery services. This follows on from the demise of Tuffnells just a few [...]

By |2023-10-03T12:17:21+01:00October 3rd, 2023|Categories: business, double glazing industry|

Safestyle Posts Major Loss In New Trading Update

Interim results for H1 of 2023 show that Safestyle UK suffered a £6.7m loss. This was news that was signposted in a statement 8 days prior, which sent share prices tumbling to all-time-lows and saw the market cap value of the company briefly dip below £6m. Safestyle H1 results This is the statement of [...]

By |2023-09-28T22:53:15+01:00September 28th, 2023|Categories: business, double glazing industry|

Safestyle Trading Update Sends Shares Plunging

A new trading update published by Safestyle UK this morning has sent their share price tumbling further. This comes after a prolonged period of decline, which has now seen more than 96% of the value of the shares in the company wiped out since their all-time-highs in 2017. Safestyle UK trading update This is [...]

By |2023-09-19T13:31:30+01:00September 19th, 2023|Categories: business, double glazing industry|

Safestyle UK Share Price Craters

Safestyle UK appear to be in a rather sticky spot of bother. Ever since their latest trading update, which delivered a significant downgrade on expectations and notification of job losses, their share price has taken a dive. Although the share price of the company has been significantly lower since their all-time-highs in 2017, the [...]

By |2023-09-14T23:40:59+01:00September 14th, 2023|Categories: business, double glazing industry|

Saint-Gobain Divests Its Glass Processing Business In Slovakia

Saint-Gobain has today completed the sale of its glass processing business Glassolutions in Slovakia, to “Glasora a.s.”. The Business, with its industrial plant located in Nitra-Chrenovà, generated sales of around €20 million in 2022 and employs 150 people. This transaction is part of Saint-Gobain's continued business profile optimization strategy, in line with the "Grow [...]

By |2023-09-01T16:09:21+01:00September 1st, 2023|Categories: business, double glazing industry, Glass|

Saint-Gobain Divests Its Glass Processing Business In Portugal

Press release from Saint-Gobain Saint-Gobain has signed a binding agreement for the sale of COVIPOR, its glass processing business in Portugal, to PNI Portugal & Permanente SA. COVIPOR generated sales of around €20 million in 2022, with two industrial locations in the Porto area employing approximately 100 people. Closing of this transaction is subject [...]

By |2023-07-14T13:21:07+01:00July 14th, 2023|Categories: business, double glazing industry, europe|

Spate Of Bankruptcies Shows Industry Fragility

If you keep up with such things, you will know that there has been a run of bankruptcies within the fenestration and wider construction sector which has underlined the fragility in the marketplace right now. I want to go through some of the notable ones and explore what it might mean for the fenestration [...]

By |2023-07-07T21:01:52+01:00July 7th, 2023|Categories: business, double glazing industry|

Norscot Joinery Acquired By 1st FSD Group

In what is the first acquisition of the newly formed 1st FSD Group, it has been announced that they have taken over long-established window, door, and joinery business Norscot for an undisclosed sum. Norscot acquired The news was announced on the Norscot Windows And Doors website: Highland based Norscot Joinery, renowned manufacturer of windows, [...]

By |2023-06-30T13:59:30+01:00June 30th, 2023|Categories: business, double glazing industry|

Merchant Value Sales Fall -9.0% In April As Volumes Drop -20.2%

The latest Builders Merchant Building Index (BMBI) report shows builders’ merchants’ value sales down by -9.0% in April compared to the same month in 2022. Volume fell -20.2% with price inflation of +14.0%. Taking trading day differences into account, like-for-like sales were -4.0% lower as April 2023 had one less trading day than the [...]

By |2023-06-21T22:43:12+01:00June 21st, 2023|Categories: business, Market Reports, MRA Research|

Growing Partnership For UK Windows And Doors Group And VEKA Plc

In a follow up from last week's news surrounding the discontinuation of Duraflex, DGB has seen the following communication: UK Windows and Doors Group (UKWDG) and VEKA plc are pleased to announce the expansion of their already successful partnership. Lancashire-based VEKA plc, which already supplies UKWDG with the exclusive Evolution profile, will supply all [...]

By |2023-06-21T15:08:37+01:00June 21st, 2023|Categories: business, double glazing industry|

A Statment On Duraflex From UK Windows And Doors Group

DGB has been provided with the following statement regarding the future of Duraflex extrusions in Tewkesbury, Gloucestershire. UK Windows and Doors Group - Duraflex Tewkesbury UK Windows and Doors Group, a market leading manufacturer of uPVC window and door systems has announced that it intends to consult with employees on the proposed closure of [...]

By |2023-06-13T23:15:57+01:00June 14th, 2023|Categories: business, double glazing industry|
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