Travis Perkins raises full year forecast as revenue soars August 3, 2021 Home improvement firm Travis Perkins raised its 2021 forecast today following a strong first-half, introducing a special dividend of 35 pence per share. Revenue for the business rose to £2.29bn in the six months ending June 2021, up from £1.66bn in the same period last year. The Northampton-based company increased their full year expectations to [...]
HIG sink £325m into Travis Perkins’ plumbing business May 21, 2021 Home improvement firm Travis Perkins has this morning announced the sale of its plumbing business to an affiliate of H.I.G. Capital for £325m. The firm said that the proceeds from the sale would be given back to shareholders in the form of a 35p special dividend and, if possible, a share buyback. The deal means [...]
Travis Perkins sales rise as Wickes demerger nears completion April 15, 2021 Travis Perkins is on track to demerge its Wickes home improvement business by 28 April, the company said on Thursday. The group had put the process on hold at the start of the pandemic last year, but trading in Wickes shares will now commence at the end of the month. Nick Roberts, CEO of Travis [...]
DIY retailer Wickes forecasts strong sales growth ahead of Travis Perkins demerger March 24, 2021 DIY chain Wickes, which is being demerged from building trade retailer Travis Perkins, today forecast strong full-year sales growth ahead of launching its public listing as a standalone firm. The home improvement sector has performed well during the pandemic as Britons have spent more time at home, have had fewer leisure options and have travelled [...]
Travis Perkins restarts Wickes demerger process as profit slumps March 2, 2021 Travis Perkins has recommenced the process to demerge its Wickes home improvement business, the company said on Tuesday. The group had put the process on hold at the start of the pandemic in March last year. CEO Nick Roberts believes it is the right time for Britain’s biggest seller of building materials to restart the [...]
London First CEO Jasmine Whitbread leaves for Travis Perkins January 6, 2021 London First announced this morning that CEO Jasmine Whitbread will step down after four years at the non-profit. Whitbread plans to succeed Stuart Chambers as non-executive chairman at building material and equipment giant Travis Perkins at the end of March. “I’ve had four exhilarating years at the helm of London First, grappling with the impact [...]
Travis Perkins returns furlough cash following DIY boom December 16, 2020 Travis Perkins has announced it will return business rates relief and furlough cash for its Wickes and Toolstation brands, as the company continued to see a strong demand for DIY during the pandemic. The Northampton-headquartered firm said this morning that the repayment of government assistance totalled £50m. “Given the status of Wickes as an essential [...]
Travis Perkins sales recover amid post-lockdown DIY boom October 22, 2020 Travis Perkins (LON:TPK) sales were boosted by a DIY boom after consumers spent more time at home during lockdown. The company announced this morning that like-for-like sales jumped 3.9 per cent in the third quarter, driven by an increase in home improvement projects. However Travis Perkins, which owns the Toolstation and Wickes brands, said there [...]
Travis Perkins sales slump 20 per cent in first half July 28, 2020 Travis Perkins reported a 20 per cent hit to sales during the first half of the year due to the impact of the coronavirus pandemic, but said business started to recover as lockdown was eased. Group revenue in the first six months of the year was £2.78bn, down 20 per cent compared to the first [...]
DIY retailer Wickes builds sales ahead of Travis Perkins demerger January 29, 2020 DIY retailer Wickes announced strong sales growth in the fourth quarter of last year, ahead of its split from parent company Travis Perkins. The firm said like-for-like sales growth in the fourth quarter was 4.5 per cent, while year-to-date sales jumped 8.7 per cent. Trading in both its core division – which includes local trade [...]