HOWDEN JOINERY GROUP

Howden Joinery has appointed Barclays to execute the second tranche of its £50 million share buyback programme. The company had announced buybacks of up to £100 million within 12 months; the first tranche was executed on 3 June 2026 by Deutsche Numis. Barclays may acquire up to 53,903,751 shares as riskless principal by no later than 31 December 2026 and may also purchase during closed trading periods; purchases will be made in accordance with the current buyback authority and the rules of the Financial Conduct Authority. After acquisition, the shares will either be cancelled or held as treasury shares to satisfy employee share arrangements. » Más en de.investing.com

Howden Joinery posted H1 revenue of £1,030.6m (+3.3%) and adjusted profit before tax of £122.2m (+4.3%), slightly above consensus expectations. Gross margin rose 70 basis points to 62.8%, supported by a 2% price increase, volume growth and manufacturing cost savings of £8m. Management says it is on track to meet consensus forecasts for 2026 but expects headwinds from cost inflation of £40m and higher inventory costs due to more expensive timber in H2. The acquisition of DIY Kitchens completed on 23 June and is not included in the H1 numbers; international like-for-like growth was +7.2%, while UK like-for-like growth slowed to 2.3%. » Más en de.investing.com

Howden Joinery has appointed Deutsche Bank to execute the first tranche of a share buyback programme of up to £50 million; the buyback starts immediately and will run at the latest until 31 December 2026. The measure represents the first half of a planned £100 million 2026 programme that the company announced alongside its 2025 annual results. Shareholders approved the repurchase of up to 53,903,751 ordinary shares on 7 May 2026; repurchased shares will be cancelled or transferred to treasury to reduce share capital. The step is in line with the capital allocation policy, which prioritises investment in sites, capacity and strategic stakes as well as a progressive dividend. » Más en de.investing.com