Travis Perkins appoints non-exec as new boss industrials Pete Redfern has been appointed as the new chief executive officer of Travis Perkins, succeeding current CEO Nick Roberts, who is leaving after five years in the role. The UK-based building supplies firm has suffered in the economic downturn and slowdown in construction, with profits falling as much as 70 per cent in 2023. “[Redfern] [...]
Travis Perkins lowers profit forecast on housing market slowdown Business Travis Perkins said its restructuring measures and tightened controls have helped cut overheads by £19m compared to the previous year, with cost inflation absorbed.
No bonuses for top bosses at Travis Perkins after profits slump by £175m Bonuses Executive directors at Travis Perkins will not receive their bonuses after the company's profits were slashed during its latest financial year.
Travis Perkins: Profits slashed by £175m as housing downturn cuts revenue March 5, 2024 A downturn in the house building market let to profits at Travis Perkins being slashed by £175m during its latest financial year.
Travis Perkins shares sink after mortgage misery profit warning October 11, 2023 Travis Perkins joins a slew of other businesses in the construction industry which have been hindered by the UK's ailing property market.
Travis Perkins chief who oversaw Wickes demerger to step down after profit slashed March 27, 2024 The chief executive of Travis Perkins is to step down after five years in the role.
Travis Perkins’ share price tumbles with building supplier downgrading profits June 16, 2023 Travis Perkins has warned investors to expect lower profits, with the UK's biggest supplier of building materials downgrading its forecasts.
Travis Perkins profits slip 31 per cent amid slow down in house building August 1, 2023 Travis Perkins blamed a weak market for its falling revenues as the home improvement retailer struggles to cope with dwindling sales and a tough economic climate. In its half year results, the tools supplier said revenue slipped 2.5 per cent to £2.5bn and adjusted operating profits fell 31 per cent to £112m. A slowdown in [...]
FTSE 100 Live: London markets open higher as Travis Perkins issues profit warning June 16, 2023 FTSE 100 opened higher on Friday on a boost from energy and mining stocks, despite a profit warning from Travis Perkins.
Travis Perkins to train 10,000 apprentices to address ‘critical industry skills gap’ March 8, 2023 Travis Perkins has revealed plans to train 10,000 apprentices by 2030. The building materials firm said it hopes the target will help address a “critical industry skills gap” and develop skills needed to help deliver new homes and infrastructure. Nick Roberts, chief executive of the company, said the ambition will bring “fresh talent” and improve [...]