Travis Perkins hit by housing slowdown
Evening Standard|August 06, 2024
BUILDERS merchant chain Travis Perkins said today that demand remained “weak” as it reported lower revenue and profits and slashed the dividend — a result of the lingering impact of the housing market slowdown.
Michael Hunter
Travis Perkins hit by housing slowdown

The 700-outlet firm revealed a 65% drop in half-year operating profit of £38 million. Revenue fell 4.4% to £2.4 billion in what it called “a continuation of trends”, with “weak demand across the group’s end markets”.

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