London, Feb 16, 2026, 13:54 GMT — Regular session
Volution Group plc (FAN.L) shares edged up 0.3% to 696 pence by 1331 GMT on Monday. The stock opened at 698p and traded between 689p and 701p, last closing at 694p. Day volume was about 338,000 shares. (Shareprices)
The move came as London’s main indexes nudged higher, with the domestically focused FTSE 250 up 0.36% in mid-morning trade. Traders are braced for UK inflation and retail sales data this week, with markets leaning towards a quarter-point Bank of England cut next month. (Reuters)
Signs of firmer housing demand matter for Volution because much of its ventilation gear goes into new-build and refurbishment. Rightmove said asking prices were unchanged in the four weeks to Feb. 7, after a post-budget jump in early January, and it flagged an 11-year high in homes for sale. (Reuters)
Volution has not issued a new trading statement since early February, when it said it completed the purchase of Australia’s AC Industries, a supplier of ducting for copper and gold mines. Chief executive Ronnie George said the deal would “extend our market reach across the Australasian region”. (Investegate)
The company agreed the acquisition in December for an initial AUD$150 million (about £75 million), plus contingent payments of up to AUD$28.9 million tied to earnings before interest, tax, depreciation and amortisation — a proxy for operating cash profit. It said the purchase would be funded from existing debt facilities and expected leverage — net debt relative to EBITDA — of about 1.8 times at completion. ACI co-founder Tony Wigg said he was “excited to join the Volution Group”. (Investegate)
In its last trading update, Volution said organic revenue growth was about 5% at constant currency in the four months to Nov. 30 — stripping out foreign-exchange swings — and it expected another year of growth in revenue, operating profit and cash generation. That update also pointed to a “generally challenging backdrop” across its regions. (Financial Reports)
But demand is still tied to construction cycles, and rate bets can turn fast if inflation stays sticky. A Reuters poll on Monday showed most economists expect the Bank of England to cut Bank Rate by 25 basis points — a quarter of a percentage point — to 3.50% on March 19, though Deutsche Bank’s Sanjay Raja said “risks are still skewed to a slower pace of rate cuts”. BoE chief economist Huw Pill cautioned on Friday that underlying inflation remained elevated. (Reuters)
Volution is scheduled to publish interim results on March 12. Investors will be looking for details on trading in its core residential and commercial markets, and on how quickly the ACI business starts to show up in cash flow and debt levels. (Volutiongroupplc)
