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Mar 20 2020, 07:55 GMT
Travis Perkins (TPK) has announced a number of sensible actions in response to the unique threats provided by COVID-19. These include pulling the final dividend and pausing the Wickes demerger. The former will save circa £80m. This, along with £585m available in cash on deposit and undrawn credit facilities, will help steer the group through what is a highly uncertain time for all.