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FTSE 100 stocks had some fun last week as investors reconsidered the likely impact of Donald Trump’s trade tariffs. Two in particular led the charge.
The Howden Joinery Group (LSE: HWDN) share price jumped an impressive 9.77%. However, it’s still down almost 8% over 12 months, after a tough 2024.
Howden sells kitchens, joinery and hardware to tradesmen, so it’s been hit by the slowdown in the UK economy and housing market.
How has it done it?
Last week’s rally was fuelled by a positive update on 29 April. Trading was in line with expectations, with UK revenue up 2.6%. Markets were impressed by its expansion plans, as the board aims to open 20 to 25 new depots this year and refurbish 60 more.
It also highlighted strong customer take-up of its click-and-collect service and reaffirmed its focus on supporting self-employed builders. A £100m share buyback is under…
