Company
Travis Perkins
LON:TPK
Travis Perkins is a leading supplier to the UK building and construction industry. Supplying more than 100,000 product lines to professionals and self-builders including general building materials, timber, plumbing & heating, kitchens, bathrooms, landscaping materials and tool hire.
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Builders and building materials
Travis Perkins warns on profits as rate hikes start to bite
Weak demand and higher interest rates have hit both the new build housing and refurbishment markets.
Builders and building materials
Travis Perkins is well set to weather the storm, according to Liberum brokers
Builders' merchant shows resilience in the third quarter
Builders and building materials
Travis Perkins sees Q3 sales grow over 10% and expects FY22 profit in middle of market expectations
Toolstation, its supplier of tools, accessories and light side building products, remains on track to roll out approximately 80 new stores this year, equally split across the UK and Europe
Torch sales soaring amid blackout fears- Toolstation
Sales of torches, portable generators and warm clothing have skyrocketed in response to National Grid warnings
Builders and building materials
Travis Perkins, Grafton tipped as Citi sees sector faring better than expected
The market has already priced in a tough recession for the builders' merchants
Builders and building materials
Travis Perkins performs in-line with expectations, though downgrades should be expected
Strong merchanting performance was offset by lacklustre DIY segment
Builders and building materials
Travis Perkins says it has shaved 5% off its carbon emissions
Efforts have included changing its electricity tariff, replacing diesel with hydrotreated vegetable oil and a driver incentive scheme to improve miles per gallon
Builders and building materials
Travis Perkins now uncertain about building materials price inflation
With order books robust across UK construction, expectations for the full year remain unchanged
Builders and building materials
Demerger mania gaining momentum
"Mania" might be overegging it but there have been some high profile demergers recently and now the smaller companies are getting in on the act
Builders and building materials
Travis Perkins swings from a £35mln loss amid inflationary headwinds
Travis Perkins swings from a £35mln loss. A boom in the housing market resulted in a 24% jump in construction supplies sales and profits of £305.6mln despite inflation and supply chain difficulties.
Builders and building materials
Travis Perkins upgrades profit expectations as builders demand boost trading
Adjusted operating profit for 2021 will be ahead of current market expectations and at least £340mln
Builders and building materials
Travis Perkins confirms 35p special dividend after plumbing sale
The special dividend, costing £79mln, will be paid on 5 November
Builders and building materials
Travis Perkins revenues soar as construction activity bounces back
End-markets remain 'robust' despite some uncertainty over inflationary pressures and supplies
Builders and building materials
Travis Perkins offers "considerable scope" for higher share price, says JPMorgan
The shares have risen 31% so far this year but only recouped the poor performance of last year, with a sizeable underperformance of the wider European sector
Builders and building materials
Travis Perkins upgraded by Deutsche Bank as strong demand remains for residential building work
The bank has raised operating profit its forecast to circa £303mln from around £253mln before
Builders and building materials
Travis Perkins surges as it raises full-year profits guidance
The company said that the high levels of growth experienced in March continued throughout Q2, driven by the strength of both the domestic and commercial repairs, maintenance and improvement markets.
Builders and building materials
Travis Perkins says Wickes to list separately on 28 April
Sales are buoyant though there was a note of caution on inflation
Builders and building materials
Travis Perkins' Wickes to list in London again as home improvement trend boosts trading
When the FTSE 250 group announced the spinoff in 2019 the City reckoned it would struggle to find a buyer, while the upcoming IPO is expected to create value amid a favourable DIY market
Builders and building materials
Travis Perkins says Wickes will list on main market of London Stock Exchange
Details of the pricing will be released after FCA approval on Wednesday
Builders and building materials
JPMorgan Cazenove upgrades rating for Wickes owner Travis Perkins to 'neutral' from 'underweight'
Ther US bank also raised its target price for the builders merchanting group to 1,390p from 1,100p in a bullish review of the European Building Materials sector
Builders and building materials
Travis Perkins to return government coronavirus support cash from Wickes and Toolstation chains
While DIY is booming, the builders’ merchant said there has been a slow recovery for larger construction customers
Builders and building materials
Travis Perkins expects slow recovery in large housebuilding, construction projects
Full-year underlying earnings (EBITA) is expected to be in the upper half of market expectations of £222mln-£261mln
Builders and building materials
Travis Perkins upped to buy as Jefferies says firm clearly exposed to UK construction sector growth
Analysts also said the potential of the company’s Toolstation division is “underappreciated” by the market, saying the business had been the best performing arm of the group during the pandemic
Builders and building materials
Travis Perkins slides into loss and says markets too uncertain to resume dividends
The FTSE250 builders’ merchant fell into the red in the first half of 2020 as sales dropped by 20%.
Builders and building materials
Travis Perkins higher as sales begin to recover following reopening
The building materials group said since mid-June its merchanting businesses has “continued to recover well” while its Toolstation and Wickes businesses “continue to benefit from strong DIY sales”
Builders and building materials
Travis Perkins unveils plans to cut 2,500 jobs
The FTSE 250 builders merchant said it had made the decision due to what it said was a “challenging outlook” for its end markets
Builders and building materials
Travis Perkins sales slump by two-thirds in April due to pandemic
The retailer has been partially active during the lockdown, delivering services to essential construction programmes
Builders and building materials
Travis Perkins shelves dividend and pauses Wickes demerger due to coronavirus
The builders' merchant said it has £185mln of cash as well as an undrawn bank facility of £400mln
Builders and building materials
Travis Perkins cautiously eyes consumer confidence amid coronavirus and Brexit, but last year’s financials beat expectations
The builder's merchant beat City expectations despite challenging trading conditions through the second half of 2019.
Builders and building materials
Citigroup ups Travis Perkins to ‘buy’ from ‘neutral’ on hopes for momentum in the UK housing market
“Strong price and demand momentum in the last two months shows signs of revival in the UK housing market following the recent election”
Builders and building materials
Wickes confident ahead of demerger though sales growth eases
In the 13 weeks to 28 December, Wickes saw like-for-like sales rising 4.5%, while they grew 8.7% in the year-to-date
Builders and building materials
Travis Perkins appoints chairman for Wickes ahead of demerger
The FTSE 250 group said it is making “good progress” in completing the board of Wickes as it is about to list as its own independent company
Builders and building materials
Travis Perkins sets out growth vision for Wickes as demerger "on track"
The company sees strong growth for Wickes even though the DIY market is expected to remain flat in the coming years
Builders and building materials
Travis Perkins takes down 'For sale' sign over plumbing business amid “unprecedented” uncertainty
The builder's merchant has hit pause on its efforts to offload the business, which forms part of an effort to reduce costs and focus on more profitable areas
Travis Perkins rises on reports that work on Wickes sale is speeding up
Travis Perkins has reportedly replaced the chief executive at Wickes and is accelerating plans to sell the chain
Builders and building materials
Travis Perkins takes encouragement from improved trading
“This performance is all the more encouraging given the impact of the on-going political uncertainty on our end markets”
Builders and building materials
Grafton gains as revenues get a boost at the start of 2019
In a trading update ahead of its AGM, the FTSE 250 company said revenues in the period had risen 6.1% to £962mln while like-for-like (LFL) revenue had grown by 6.4%
Archive
FTSE 100 closes higher as US president talks up trade deal
The UK index of leading shares closed up around ten points at 7,271, while the FTSE 250 added 66 points at 19,531
Archive
ITV to take spotlight on Wednesday as updates arrive from several blue-chip firms
Tobacco firm Imperial Brands and insurer Direct Line are also scheduled to report at the mid-point of the week
Builders and building materials
Travis Perkins perks up on Merrill double-upgrade
Analysts see signs of market stabilisation that indicate a “more benign outlook for merchanting demand”
Why the FTSE 100 is not the UK’s economic bellwether
While the index does contain the heavyweights of the London market, they're not the most reliable indicator of how the UK's markets are actually performing
Intu Properties dashes report it is close to appointing new boss, says search “on-going” and no decision has been made
The Sunday Times had reported that the firm was understood to be favouring former Travis Perkins chief operating officer David Buffin as its preferred candidate
Builders and building materials
Travis Perkins CEO John Carter to step down after five years at the wheel
John Carter has led a restructuring of the company that aims to simplify its structure, reduce costs and focus on more profitable businesses
XLMedia and Serinus Energy among Tuesday’s small-cap losers
A look at the day's major movers, including Persimmon, Quadrise Fuels International, Travis Perkins, and Babcock
Builders and building materials
Travis Perkins leaps as Wickes steadies and plumbing sale gets nearer
There is an encouraging improvement in trading and good momentum in Wickes, said CEO John Carter
FTSE 100 closes lower as Brexit is talk of the town
Footsie closed down around 32 points at 7,151, while the FTSE 250 added 23 at 19,270
Archive
Standard Chartered to wrap up recent flurry of big bank results with charge-blurred numbers
Aside from the 2018 results from the emerging markets-focused bank, FTSE 100-listed housebuilder Persimmon and speciality chemicals blue chip Croda International will also report numbers
Builders and building materials
RBC thinks Travis Perkins can return half of its market cap to shareholders over the next five years
That’s assuming Travis Perkins completes the disposals of its plumbing and heating division and Wickes retail business, something it mooted in December
Builders and building materials
Travis Perkins looks at possible sale of plumbing and heating division
“Our strong balance sheet and free cash flow generation, driven by growing earnings and lower capital expenditure, will underpin our commitment to drive shareholder value and a progressive dividend,” said chief executive John Carter.
Builders and building materials
Travis Perkins upgraded by Barclays, says risks fairly valued
The DIY store group is undertaking a strategy update to review the structural positioning and strategy of the business
Builders and building materials
Travis Perkins sales rise despite tough UK DIY market
Britain’s largest supplier of building materials said its cost cutting drive was going well and that it was confident of meeting market expectations for the full-year
Archive
Whitbread’s interims to be overshadowed by August’s £3.9bn sale of Costa coffee business to Coca-Cola
Aside from Whitbead's interim results, the day ahead will also bring updates from the likes of St James's Place, Travis Perkins, Anglo American, and Bunzl
Archive
Third-quarter updates from Barclays, Lloyds Banking Group, and RBS all due in coming week
Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
Investments and investor services
FTSE 100 closes firmly lower as trade fears, bond yields and sterling rise creates perfect storm
The Footsie closed down nearly 92 points at 7,418, while the other major European benchmarks were also lower.
Investments and investor services
DFS Furniture set to release full year results, have investors already heard the worst?
DFS and Electrocomponents are set to be among Thursday's highlights.
Archive
Jack’s store roll-out in focus as Tesco reports first half results
The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report