DIY retailer Wickes builds sales ahead of Travis Perkins demerger January 29, 2020 DIY retailer Wickes announced strong sales growth in the fourth quarter of last year, ahead of its split from parent company Travis Perkins. The firm said like-for-like sales growth in the fourth quarter was 4.5 per cent, while year-to-date sales jumped 8.7 per cent. Trading in both its core division – which includes local trade [...]
Travis Perkins halts sale of plumbing and heating unit amid ‘unprecedented’ uncertainty October 22, 2019 Travis Perkins has put the sale of its plumbing and heating business on hold due to an “unprecedented level of uncertainty” in the market. The building materials distributor had decided to tell the unit last December in a bid to simplify and cut costs. Read more: Travis Perkins confirms plans to demerge Wickes But the [...]
Travis Perkins confirms Wickes demerger plans July 31, 2019 Travis Perkins has confirmed that it is planning to spin-off DIY retailer Wickes as the builders merchant revealed it made a profit in its half-year results. Read more: Travis Perkins accelerates plans to sell Wickes The figures Like-for-like revenue grew eight per cent to £2.7bn. Operating profit was £64m in the six months to 30 [...]
Travis Perkins accelerates plans to sell Wickes July 14, 2019 Builders merchant Travis Perkins has stepped up its plans for a £500m spin-off of DIY retailer Wickes. Travis Perkins has begun to prepare to demerge Wickes next year by separating the retailer’s IT systems from the rest of the group, the Sunday Times reported. Read more: Travis Perkins investors cheer first quarter sales growth The [...]
Grand designs: Travis Perkins overhaul yields first quarter sales growth May 8, 2019 Home improvement giant Travis Perkins’ shares rose this morning after it reported 5.4 per cent total first quarter sales growth. Read more: Travis Perkins' share price rallies despite moving into the red The FTSE 250 firm, which also owns Wickes and Toolstation, said the rise reflects a more “customer focused” approach after setting out a [...]
Amazon tops Linkedin list of top 10 companies to work for April 3, 2019 A list of the top 10 companies that are seen as most attractive for workers released by Linkedin this morning revealed a varied mix of preferences for job hunters in the UK. Amazon, which recently raised wages after coming under criticism for employment practices and warehouse conditions, took the number one spot, with firms such as [...]
Travis Perkins’ share price rallies despite moving into the red amid ‘challenging’ market February 26, 2019 Travis Perkins shares rallied on beaten analyst expectations even as the company posted a loss for the first time in years for 2018 against a “challenging” market backdrop. The figures The builders’ merchant grew revenues 4.8 per cent to £6.7bn last year, with like-for-like revenue growth up 4.9 per cent – faster than 2017. Read more: [...]
Travis Perkins beats its target despite weakness in boiler sales April 22, 2015 Travis Perkins shares rose 2.8 per cent yesterday after Britain’s biggest supplier of building materials posted a 5.1 per cent rise in first-quarter like-for-like sales. The increase, which beat its target, was driven by growth in the general merchanting and contracts units, while its plumbing and heating division faced a 3.7 per cent fall, which [...]
Travis Perkins plans 400 new stores as housing market grows March 19, 2015 Travis Perkins has announced plans to create 4,000 jobs by opening 400 new branches across the UK over the next four years. The majority of the positions will be outside London and the south east and consist of apprenticeships for younger people, branch managers, assistant managers, skilled IT professionals and supply chain specialists. The builders’ [...]
Travis Perkins profits jump as tradesmen pick up their tools July 30, 2014 BUILDERS’ Merchant Travis Perkins posted a jump in first half profits on the back of improving market conditions and increasing customer confidence. The owner of Wickes, City Plumbing and Tile Giant said pre-tax profits rose by 19.4 per cent in the six months 30 June to £162.5m and increased its interim dividend by 22.5 per [...]