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 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 [...]
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 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 [...]
Travis Perkins: Toolstation owner slashed 400 jobs and 19 branches as slowdown hit construction sector February 28, 2023 Builders’ merchant Travis Perkins has revealed it axed 400 jobs and shut 19 branches at the end of last year as a slowdown in the construction sector hit its bottom line. The group, which owns the Toolstation chain, said it was forced to take some “difficult decisions” to slash costs by £25 million this year. [...]
Travis Perkins has strong sales growth in Q3 but prepares to ‘tightly manage’ cost pressures October 20, 2022 The UK’s largest distributor of building materials Travis Perkins had strong sales growth in the third quarter of the year, but is preparing to weather an inflationary winter. The firm had sales growth of 10.7 per cent while its merchandising business had 11.5 per cent, outperforming the individual market. The company’s arm which deals with [...]
Travis Perkins swings from £35m loss as it sails through inflationary headwinds March 1, 2022 Travis Perkins has swung from a £35m loss in 2020, raking in £241m in profit in 12 months, despite inflationary headwinds. Revenue jumped 24 per cent to £4.5bn in the year to December 31, as the building materials business continues its pandemic-era momentum – which saw many households undertaking DIY projects during lockdown. “2021 has [...]
Travis Perkins builds sturdy sales growth as cost inflation swells four per cent October 28, 2021 Building materials business Travis Perkins has posted solid sales growth in its third quarter trading update, which flies in the face of global supply chain troubles and a raw material pricing crisis. The London-listed builders merchants has continued a pandemic-era momentum – which saw many households undertaking DIY projects during lockdown – with like-for-like sales [...]
Wickes instates first-ever dividend following Travis Perkins demerger September 16, 2021 Revenue at Wickes has grown steadily on pre-pandemic levels, pushing the home improvement store chain to instate its first ever interim dividend. The Watford-headquartered group posted revenue growth of 22.4 per cent on 2019 levels, and 33.1 per cent on a like for like basis, in its interim results for the six months to 26 [...]