UK's Travis Perkins hits nearly 16-year low on flagging challenging start to year

Travis Perkins

01/04/2025 08:28

** Travis Perkins TPK.L slides as much as 13% to 478p, lowest since July 2009

** British building materials supplier flags challenging start to 2025, blaming high interest rates and uncertainty over the pace of construction market recovery

** Posts 25% y/y drop in 2024 profit

** Expects 2025 adjusted operating profit, excluding property profits, to be broadly in line with FY24's 141 mln pounds (~$182 mln)

** TPK sheds ~25%, as of last close

($1 = 0.7741 pounds)

 (Reporting by Rupali Chaudhary in Bengaluru)

 ((Rupali.Chaudhary@thomsonreuters.com))