Ennstone, the London-listed building supplies group, said that its full-year results would be 'substantially' below forecasts, blaming difficult market conditions and severe weather.

The company also said it was considering asking shareholders for new funds.

While Metnor, the property development company based in Newcastle upon Tyne, reported first-half pre-tax profits up by 7.8% and a 16.2% rise in revenue, but said it is adopting a cautious approach to its development pipeline for the rest of the year

The Times