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Breedon needs to sweet-talk the CMA

Back in March I observed that I wanted to see the building products supplier and facilitator Breedon (BREE) attempt to cut the price of its deal to buy the UK assets of global behemoth Cemex. Since then the company pushed out some numbers where it may have given no guidance but it noted ‘there is significant pent-up demand to be satisfied in both housing and infrastructure, reinforced by the substantial programme of investment confirmed by the Chancellor'...and remained optimistic about the deal. Well get those calculators out again as today the Competition and Markets Authority (CMA) 'raises competition concerns in the supply of building materials in some parts of the UK'...

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