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Breedon needs to sweet-talk the CMA

By Chris Bailey | Wednesday 26 August 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Back in March I observed that I wanted to see the building products supplier and facilitator Breedon (BREEattempt 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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