Travis Perkins returns furlough cash following DIY boom December 16, 2020 Travis Perkins has announced it will return business rates relief and furlough cash for its Wickes and Toolstation brands, as the company continued to see a strong demand for DIY during the pandemic. The Northampton-headquartered firm said this morning that the repayment of government assistance totalled £50m. “Given the status of Wickes as an essential [...]
Unite Students to buy 800-bed development from Travis Perkins November 20, 2020 Student accommodation developer Unite Students has bought a new 800-bed site in Paddington from Travis Perkins, the company announced today. Total development costs for the project are expected to be £150m, which will be funded through proceeds from its last equity raise. Unite is planning to open the development – its second partnership with Travis [...]
Global asset manager Brown Advisory hires ex-Chatham House chief to board December 6, 2023 Sir Robin Niblett will also be joined by Sian Westerman and Jasmine Whitbread on the $135bn manager’s International Advisory Board.
Travis Perkins sales recover amid post-lockdown DIY boom October 22, 2020 Travis Perkins (LON:TPK) sales were boosted by a DIY boom after consumers spent more time at home during lockdown. The company announced this morning that like-for-like sales jumped 3.9 per cent in the third quarter, driven by an increase in home improvement projects. However Travis Perkins, which owns the Toolstation and Wickes brands, said there [...]
Travis Perkins shares slide as building site closures hit profit September 8, 2020 Shares in Travis Perkins dropped this morning after the builders’ merchant reported a huge decrease in operating profit for the first half. The figures Travis Perkins reported revenue of £2.8bn in the six months to the end of June, down 20 per cent on the same period last year. Adjusted operating profit plunged 80 per [...]
Travis Perkins sales slump 20 per cent in first half July 28, 2020 Travis Perkins reported a 20 per cent hit to sales during the first half of the year due to the impact of the coronavirus pandemic, but said business started to recover as lockdown was eased. Group revenue in the first six months of the year was £2.78bn, down 20 per cent compared to the first [...]
Housing slump continues as Marshalls cost-cutting fails to halt revenue slide January 18, 2024 In a trading update, published today, Marshalls said actions to save around £11m annually, including factory mothballing, shift slashes and business re-shuffling couldn't prevent year-on-year group revenues falling by seven per cent to £671m.
FTSE 100 close: Next falls on reports of Fatface deal as London markets slip into the red October 11, 2023 London's FTSE indexes were treading water early on Wednesday after yesterday's rally with investors nervy ahead of key US inflation data tomorrow.
Wickes chief gets inflation-busting pay rise after ‘proving himself’ March 21, 2024 The chief executive of Wickes has been handed an inflation-busting pay rise after 'proving himself' in the role.
Travis Perkins revenue down two thirds due to coronavirus April 28, 2020 Building materials supplier Travis Perkins suffered a sharp drop in revenue in April after it closed its branches in response to the UK’s coronavirus lockdown. Total revenue in the first three weeks of the month was about one third of the same period last year due to the coronavirus pandemic. The company shut all of [...]