DGB Business
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
DGB Brexit
Sterling Falls To Seven Month Low
For those who keep an eye on currency movements and all other things business, you will know that Sterling versus the Dollar has hit a seven month low. This after reaching a new high [...]
96% Say Brexit Has Affected Their Business
Not so long ago I wrote a post marking the one year anniversary until Brexit day, the day that the UK will officially start leaving the European Union. In that post I also included [...]
One Year Until Brexit Day
It is exactly 365 days to go until Britain officially leaves the European Union. That being said, there is now an implementation period that will mean we don't properly close the EU door behind [...]
DGB Brexit: Joe Martoccia – We Might Just Make Brexit Work
I'm not the biggest fan of LinkedIn. It's good for certain things, but other platforms like Facebook and Twitter have been more useful to me. One feature I do like however is the ability [...]
The B-Word Was Hardly Mentioned At The FIT Show This Year
You know that we're all tired of that B-word when it's hardly mentioned at the FIT Show just a few weeks back. In an exhibition which saw 10,000 unique visitors, I can't remember a [...]
DGB Brexit: Article 50 Triggered Today
Brexit begins today. Finally. Nine months after the UK voted to leave the European Union, Prime Minister Theresa May will finally trigger Article 50 today. The legislation that begins the process of a member-state [...]
DGB Brexit: Article 50 Likely To Be Triggered On Tuesday
Several papers and media outlets this morning are reporting that Prime Minister Theresa May has scheduled in an important political announcement on Tuesday, with many speculating that this will be the formal triggering or [...]
Installers Will Demand Prices Fall, If Sterling Recovers
Sorry to bang the Brexit drum two days in a row, but this is an issue that is going to be big for the window and door industry as we get into the meat [...]
If Sterling Stays At This Level, UK Glazing Should Consider Investing In British
Since Sterling's drop after the Brexit vote, it has generally stayed within a range. It has swung just a few cents either way versus the Dollar, from around $1.20 to $1.25, and occasionally nudging [...]
May Set To Trigger Article 50 By March 9th
According to reports from The Times and Bloomberg this morning, Theresa May is to announce the triggering of Article 50 at an EU Summit in Malta on March 9th. That will be three weeks [...]
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