UK's Travis Perkins slides after quarterly sales dip

Travis Perkins

28/04/2026 08:14

** Shares of building materials supplier Travis Perkins TPK.L down 4.7% at 520 pence

** Co reports 1.7% fall in Q1 like-for-like sales, on subdued construction market

** "Price inflation is likely to accelerate through the year, though volume will remain under pressure, posing a risk to current consensus estimates," Peel Hunt analysts said in a note

** Remains optimistic that the company can execute a turnaround despite a weaker market - Peel Hunt

** TPK down 18% YTD

(Reporting by Nithyashree R B in Bengaluru)

((NithyashreeRB@thomsonreuters.com))