January 29, 2020 / 7:20 AM / a month ago

Travis Perkins's Wickes on track for demerger after strong quarter

LONDON, Jan 29 (Reuters) - Travis Perkins, Britain’s biggest building materials group, said its Wickes home improvement business saw a strong performance in its latest quarter, putting it on track to demerge this year.

The group said Wickes’ like-for-like sales rose 4.5% in its fourth quarter, driven by continued strong demand across both its core business and “do-it-for-me” (DIFM) operation.

The demerger is planned for the second quarter of 2020. (Reporting by James Davey; editing by Kate Holton)

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