Travis Perkins lowers guidance as interims hit the nail firmly on the thumb
The flaccid UK housing market was not helping DIY chain Wickes ... and then came along the Beast from the East
Company
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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The flaccid UK housing market was not helping DIY chain Wickes ... and then came along the Beast from the East
A look at some of the top risers and fallers in London today
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Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
Builders and building materials
The Swiss investment bank said “a lack of clear market outperformance” on several investments meant that returns would be “weaker than initially anticipated”
Builders and building materials
Poor weather conditions resulted in an estimated 1.5-2% impact on like-for-like sales in the first quarter, said Travis Perkins
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The week ahead includes interims from Topps Tiles, traffic statistics from easyJet and IAG, a trading statement from Electrocomponents and the US non-farm payrolls report
Builders and building materials
Travis Perkins said it will focus on investing in key priorities and keeping a tight control on costs
Investments and investor services
The Footsie may have mainly traded sideways throughout the day but there have been some notable movements among blue-chips.
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Day ahead includes full-year results from blue chips including broadcaster ITV PLC, housebuilder Taylor Wimpey PLC, motor insurer Admiral PLC, and mid cap estate agents Foxton's PLC
Builders and building materials
The same can't be said for Travis Perkins, which is downgraded to 'hold', and Howden Joinery, which is left on 'hold', as both will be hampered by a flat UK market
The UK blue chip index closed down 108.45 points at 7.334, which had been the session low
Builders and building materials
JPMorgan said its top picks remain Bellway and Persimmon while Bovis Homes is its least preferred stocks among UK housebuilders
Builders and building materials
The FTSE 250-listed group said like-for-like sales rose 4.1% in the third quarter of 2017, an increase from the 2.7% growth seen in the first half.
The FTSE 100 index closed down 19 at 7,523, as US stocks joined in a retreat by global markets today amid worries over the situation in Spain
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The day ahead includes trading updates from Travis Perkins PLC and Unilever PLC, as well as the latest UK retail sales data
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The Week Ahead includes economic data on UK jobs, inflation and retail sales along with full year results from ASOS and Bellway and trading updates from Travis Perkins, Merlin Entertainments, Unilever and Intercontinental Hotels Group
Builders and building materials
Group profits dropped to £167.6mln (£175.5mln) in the half year to June
The UK blue chip index Around 12 points lower at 7,411 well above the day’s low of 7,388.92
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It's not quite 'Super Thursday' but definitely a busy day with heavyweights BAE, Standard Chartered, Travis Perkins and Vedanta among those reporting
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A weaker pound following the Brexit vote has given the FTSE 100 and other UK indices a boost in the year since the Britain voted to leave the European Union