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Travis Perkins Says To Close All Businesses Within Group With Immediate Effect
Travis Perkins Suspends FY Dividend, Pauses Wickes Demerger Process
Travis Perkins 2019 Group Revenues Grew By 3.2% To 6,956 Mln Stg
Travis Perkins plc is a United Kingdom-based product supplier to the building, construction and home improvement markets. The Company operates through segments, which include General Merchanting, Contracts and Consumer. The General Merchanting segment consists of the Travis Perkins and Benchmarx brands and supplies products for various types of repair, maintenance and improvement projects (RMI), as well as new residential and commercial construction. The Contracts segment supplies civils, heavy building materials and drainage solutions, and has three businesses, Keyline, CCF and BSS. The Consumer segment supplies domestic building and decorative materials through retail stores, and includes brands, such as Wickes, Toolstation and Tile Giant.
Constr. - Supplies & Fixtures
Lodge Way House
Harlestone Road, Lodge Way
Stuart J. Chambers
Non-Executive Chairman of the Board
Chief Executive Officer, Executive Director
Alan R. Williams
Chief Financial Officer, Executive Director
Director of Group Finance
Chief Executive Officer - Plumbing and Heating
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Travis Perkins <TPK.L>, Britain's biggest building materials group, plans to cut around 2,500 jobs or 9% of its workforce, warning an impending recession caused by the coronavirus crisis will hit demand for the rest of the year and 2021.
Travis Perkins, Britain's biggest building materials group, said sales volumes in May were down 40% on last year but have since recovered to about 85-90% of last year's levels as more branches have reopened with social distancing measures.
Britain's coronavirus lockdown knocked two thirds off revenue at Travis Perkins <TPK.L> in the first three weeks of April, although the building materials distributor said it had traded well during the first two and a half months of the year.
Travis Perkins, Britain's largest distributor of building materials, said on Tuesday its total revenue in the first three weeks of April was about one third of the same period in 2019 due to the coronavirus crisis.
* TRAVIS PERKINS PLC - DECIDED TO CLOSE ALL BUSINESSES WITHIN TRAVIS PERKINS PLC GROUP WITH IMMEDIATE EFFECT
Travis Perkins <TPK.L>, Britain's biggest building materials group, said on Monday it will be closing all its businesses as the country goes into a lockdown amid the coronavirus outbreak.
Travis Perkins <TPK.L>, Britain's biggest building materials group, said on Friday it was putting the separation of its Wickes home improvement unit on hold and suspending its full-year dividend, citing extreme market volatility due to the coronavirus pandemic.
Travis Perkins, Britain's biggest building materials group, said on Friday it was putting the separation of its Wickes home improvement unit on hold and suspending its full-year dividend, citing extreme market volatility due to the coronavirus pandemic.
Britain's largest building materials distributor Travis Perkins <TPK.L> on Tuesday reported 2019 revenue that beat market expectations as growth at its home improvement unit Wickes helped it offset challenging market conditions.
Travis Perkins on Tuesday reported a 7.8% rise in adjusted operating profit for 2019, as the building materials distributor benefited from growth in its home improvement unit.
Travis Perkins <TPK.L>, Britain's biggest building materials group, said its Wickes home improvement business is on track to demerge in the second quarter as it reported strong fourth-quarter trading.
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.
Travis Perkins <TPK.L>, Britain's biggest building materials group, on Wednesday named Christopher Rogers as chairman designate of Wickes, the home improvement retailer it plans to demerge.
The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Monday:
Travis Perkins <TPK.L>, Britain's biggest building materials group, has sold its wholesale plumbing and heating business to Newbury Investments, a specialist distribution group, for 46 million pounds ($59.7 million), it said on Monday.
Travis Perkins <TPK.L>, Britain's biggest building materials group, said on Tuesday it was making good progress on the demerger of its Wickes home improvement division.
Travis Perkins Plc <TPK.L>, owner of the Wickes and Toolstation brands, on Tuesday put on hold its plan to sell its plumbing and heating unit, citing "unprecedented level" of market uncertainty.
Travis Perkins Plc, Britain's largest distributor of building materials, on Tuesday halted plans to sell its plumbing and heating division, citing "unprecedented level" of market uncertainty.
Perkins & Marie Callender's Holding LLC, operator of two family and casual dining chains, filed for bankruptcy protection on Monday and plans to sell most of its assets, after suffering from lower customer traffic and rising food and labor costs.
Travis Perkins, Britain's largest distributor of building materials, reported a 7.3 percent increase in first-quarter underlying sales which it said reflected improved customer service and a weak comparative number last year.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.