Breedon revenues continue to grow during October

Construction materials group Breedon said on Wednesday that it had continued to deliver "an encouraging performance" so far in the fourth quarter of its trading year.

Breedon said improving trends reported back in September had carried on, with revenues in both September and October ahead of those recorded at the same time a year earlier and year-to-date revenues coming to £750.0m.

The AIM-listed group now expects full-year underlying earnings to be at least £70.0m - ahead of current market expectations.

Looking forward, Breedon acknowledged that the ongoing Covid-19 pandemic and Brexit negotiations created "continued economic uncertainty" and resulted in limited visibility on trading conditions going into next year.

"Nevertheless, with forecasters expecting a further recovery in construction activity in GB and Ireland in 2021 and the UK and Irish governments making significant commitments to infrastructure spending, the outlook for our markets remains encouraging," said Breedon.

As of 1020 GMT, Breedon shares were up 0.33% at 82.07p.