| Heywood Williams profit warning |
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| Tuesday, 08 July 2008 | |
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Door and window manufacturer Heywood Williams has said its full year profit will come in significantly below market expectations. It said: "All of the housing markets the group serves have declined sharply during 2008 compared with 2007.The normal seasonal increase in demand has not occurred in any of the markets in which the group operates." New build activity is around 20-50% lower than the same time last year while home improvement activity is down 15-25% year on year. It said it sees current market conditions deteriorating further in the second half. |
