AWA Bathrooms pulls out of distribution
Builders Merchants Journal
AWA was acquired by Durston UK along with its merchant brand Fayers Plumbing & Building Supplies and Just Add Water retail showrooms, both of which AWA are believed to be continuing to run. An official press statement is expected on Monday.
Posts Tagged 'Leak'
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NEW YORK (Dow Jones)–Copper futures rose Tuesday, bolstered by a weaker dollar and stronger U.S. economic data.
Copper for March delivery, the most-active contract, gained 6.10 cents, or 1.8%, to settle at $3.3695 a pound on the Comex division of the New York Mercantile Exchange.
December-delivery copper rallied 6.20 cents, or 1.9%, to settle at $3.3630 a pound.
Copper futures lurched higher after the latest report showed U.S. housing starts vaulted past expectations, rocketing up 9.3% in November to their highest level in 19 months.
The report was “encouraging” for copper prices, traders at Sucden Financial said in a note to clients. Copper is widely used in electrical wiring and water plumbing in residential construction.
A stronger euro, which breached the $1.31 level for the first time in a week, helped copper prices to maintain their upward momentum. Copper futures are denominated in dollars and can appear less expensive to investors who use other currencies when the U.S. currency eases.
Copper futures also drew strength from a report showing German business confidence improved in December, overturning expectations of a decline.
However, the longer-term outlook for copper is growing dark as an imminent slowdown in China’s demand for the industrial metal, which is set to coincide with a recession in Europe, will likely see copper prices slip below $3 a pound in early 2012, Bart Melek, head of commodity strategy at TD Securities, said in a note to clients.
“The slower global economy implies that world consumption will increase by less than 3.5% next year, compared to a 7.4% average in the last two years,” Melek said.
Copper settlements (ranges include electronic and pit trading): Dec $3.3630; up 6.20 cents; Range $3.3230-$3.3785 Mar $3.3695; up 6.10 cents; Range $3.2855-$3.3900
-By Tatyana Shumsky, Dow Jones Newswires; 212-416-3095; email@example.com
Scott Reid, an apprentice plumber from Moray College, has won the Scottish Regional SkillPlumb Competition, held at Dundee College in June.
The competition, which is organised by SNIPEF, brings together apprentices from the Technical Colleges and Training Centres in Scotland that teach the Plumbing SVQ Level 3 Qualification. Scott was one of 17 competitors who took part in the two-day competition.
The SkillPlumb Competition has been devised to incorporate everyday plumbing tasks that an apprentice is likely to encounter during training. The competition consists of two workshop exercises, a copper pipework exercise and a lead bossing and forming exercise. In addition, there is a multiple choice exam paper on aspects of plumbing and heating work.
At the prize giving ceremony held at Dundee College, SNIPEF President George Whyte presented Scott with his prizes and Jim MacKinnon, the Senior Plumbing Lecturer from Moray College, with the overall winner’s Shield. As well as winning the overall award, Scott also won both the best copper pipework and best lead awards.
Scott comments: “I really enjoyed the two day competition in Dundee and was surprised but of course very pleased to have won the event.”
Scott and second place winner Jason Cameron will now participate in the UK National SkillPlumb Competition, which will be held at the Interbuild Exhibition in October. The overall winner of the UK Competition will represent the UK in the next WorldSkills Competition, due to be held in Calgary in September 2009.
Renew saw revenue climb by 23 per cent in the six months to 30 September as its shift to engineering services paid off.
Announcing its preliminary results for the half-year, the engineering and construction services firm said sales were up to £356.7 million, compared with £290.4m in the same period last year.
Pre-tax profit before exceptional items and amortisation rose 76 per cent, from £4.6m to £8.1m.
The group said its 2009 strategy to achieve at least 50 per cent of revenue from engineering services has been hit a year early, after revenue in this sector rose 39 per cent to £176.7m, with operating profit up 78 per cent to £7.4m.
Those results include seven months of trading at Amco, the engineering firm Renew acquired in February for £19.8m.
Renew chairman Roy Harrison said: “The results demonstrate that the group can deliver sustainable, profitable growth from our key markets of energy, environmental and infrastructure.
“Our strong forward order book provides us with confidence that this will continue in 2012.”
Specialist building revenue increased to £178.9m (2010: £163.1m) as the firm focused on London and the Home Counties.
The group order book was down from £304m to £285m, which it said was “entirely due to our planned lower levels of activity in specialist building”.
The engineering services order book was £179m (2010: £82m), an increase of 118 per cent.
The firm said the development of engineering services business also improved group operating margin and created a platform of sustainable revenue generated from more than 50 framework agreements with major clients, most of which operate in regulated markets.