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
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' 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”