Britain's Travis Perkins sees trading improve as markets recover


10/10
© Reuters. The coronavirus disease (COVID-19) outbreak in London

2/10

LONDON (Reuters) – Travis Perkins (L:), Britain’s biggest seller of building materials, reported on Thursday improved trading in its latest quarter as its markets recovered following the impact of the coronavirus lockdown.

The group, which trades from more than 20 businesses including Travis Perkins builders merchants, the Wickes home improvement chain, Toolstation and Tile Giant, said total revenue fell 3.4% in the three months to Sept. 30, its fiscal third quarter, following a first half decline of 20.2%.

Revenue was up 3.9% on a like-for-like basis and the group forecast core earnings for the full year in the upper half of the current range of analysts’ expectations.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  Dow cuts 2019 spending forecast on U.S-China trade tensions





READ SOURCE

LEAVE A REPLY

Please enter your comment!
Please enter your name here