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Oct 22 2019, 08:25 IST/BST
Travis Perkins is in a period of transition. It is looking to exit areas identified as non-core and attempting to revitalise its Merchanting division while continuing the expansion of Toolstation. Its Q3 trading update reveals, as expected, a moderation in the pace of like-for-like revenue growth. However, the performance was resilient and the group has indicated that the full year outlook remains in line with its expectations. In the current environment, this is a positive outcome. That said, the announcement of a pause in the planned sale of the Plumbing & Heating division underlines the prevailing level of uncertainty across the UK building materials sector.
Oct 22 2019, 08:25 IST/BST