Construction products and insulation company, Kingspan has warned that earnings growth will slow "appreciably" in the current year as a result of market conditions. It issued the warning as it unveiled its full year results.

Styles & Wood, the Altrincham-based shopfitter, has announced pre-tax profits up 58%  to £11.8m on revenue 17% ahead at £315.5m.

Housebuilder Redrow has reported a drop in half year profits and warned of tough market conditions.

A massive decline in construction industry investment in the final quarter of 2007, suggests that the industry is already feeling the effects of a slowdown.