Earnings season continues as the biggest publicly traded companies in UK fenestration announce their full 2021 financial results. Safestyle is the latest to announce theirs and as expected, they show a very profitable 2021 as the entire industry benefitted from pent up demand from homeowners and a cash glut thanks to furlough payments and [...]
As expected, inflation in the UK continues to rise. In March, inflation rose to a 30-year high of 7%, up from 6.2% in February. Crucially, this still doesn't take into full account the invasion of Ukraine by Russia and the energy price cap rise which came into force at the beginning of April. Therefore, [...]
Near the end of March, we saw a double-dose of bad financial news. First, inflation rose to 6.2%, which exceeded forecasts of 6%. Rising inflation has prompted the Bank of England to start to raise interest rates from record lows to 0.75%. The BoE is expected to keep raising rates until inflation comes under [...]
As is to be expected, persisting and rising inflation, coupled with the commodity spikes after the Russian invasion of Ukraine, a new wave of material price increases are incoming. Unlike 2020 and 2021, where the industry was going through a boom period, these latest increases set to hit are against a rapidly changing economic [...]
This is a press release from Improveasy: Austin Barcley, CEO and original founder of Improveasy, has completed an MBO for a controlling stake in the business. Austin, along with key personnel Chris Antrobus - ECO Funding Division, and Jeff Poole - Consumer Finance, is aiming for continued growth for the Altrincham based business. Michael [...]
The war in Ukraine grinds on, and with each day the humanitarian crisis grows. Millions of people are being displaced within the country and are fleeing to their neighbours in Eastern Europe. But as the war in Ukraine continues, the fallout of the conflict is now very much working its way into various markets [...]
It seems rather frivolous and frankly quite pathetic to be talking about glass energy surcharges when you consider the carnage and suffering that is being endured by the Ukrainian people right now. But the war in Ukraine is a conflict that will have effects around the world, and UK fenestration will not be immune [...]
In a major deal for the fabrication sector within UK fenestration, it has been announced that European fenestration giants Inwido have acquired a 70% stake in Dekko Windows. Statement from Dekko Windows Inwido, Europe’s leading window group with 29 business units across 11 countries, has acquired a majority stake in Dekko and now own [...]
Against expectations, inflation in January rose once again, for the fourth month in a row, to 5.5% from 5.4% in December. Whilst 0.1% might not seem all that much, it was predicted that rates would either remain stable or dip slightly due to the festive period. The outlook doesn't look any better in the [...]
M&A activity in the fenestration sector continues to pick up as it has been announced that Stuga Machinery Limited has been acquired by Stürtz Group. This is the statement that has been published on the Stuga website: Stuga Machinery Limited, a market-leading manufacturer of uPVC sawing and machining centres to the UK and Ireland [...]
As we approach earnings season in the UK fenestration sector, Safestyle UK are making moves first as they issue a new trading update and state that their full-year 2021 results will be ahead of expectations. This is their statement provided to DGB: Trading and Operations Update, Upgraded FY21 Expectations & Notice of Results Safestyle [...]
I have long argued that the price of new windows and doors should be higher than it was. In fact, it's a point I have made almost since the beginning of DGB nearly 13 years ago. I sensed that there was general agreement with that sentiment. However, I don't think the eyewatering price inflation [...]
As predicted, inflation has risen once again. Figures out today show that inflation has risen from 5.1% in November to 5.4% in December. There are no signs that the rises will be stopping imminently. This is a near 30-year high. Rising inflation is causing a cost of living crisis which is going to affect [...]
We ended last year with warnings about continued price inflation in our sector and we begin the new year with pretty much the same warnings. There is also renewed pressure and fears when it comes to energy prices, with a recent report about eye-watering monthly energy bills coming out of Pilkington. But even if [...]
As we sift through the conveyor belt of crazy news headlines, the major issue that is affecting all of us is the cost of living and the energy crisis. Whether you are a homeowner or a business, you cannot have escaped the fact that keeping your lights on, your rooms warm and the factories [...]
Over in America, ODL, Inc, which has ODL Europe as part of its business, kicks off M&A in 2022: ODL is pleased to announce the acquisition of Verre Select, a decorative door glass manufacturer in Quebec, Canada. Verre Select has been a leader in delivering decorative door glass solutions to the Canadian market for [...]
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