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Travis Perkins restores dividends
BUILDERS’ merchant Travis Perkins has said it will restore dividends after better-than-expected first half results.
The company, which also sells DIY products, said revenue for the six months to 30 June increased 4.7 per cent with sales at stores open over a year up 3.4 per cent.
It said: “In May, we reported a strong rebound in trading following a slow start in the first two months of the year.
“This trend has continued through the remainder of the first half and we now expect to report a result for the six months to 30 June 2010 ahead of management expectations.
“In the absence of unforeseen circumstances we expect to declare an interim dividend of 5 pence per share when we announce our interim results on 29 July.”