Picture of Travis Perkins logo

TPK Travis Perkins News Story

0.000.00%
gb flag iconLast trade - 00:00
Consumer CyclicalsBalancedMid CapNeutral

UK's Travis Perkins slips as margin pressure persists

Corrects analyst quote in paragraph 3 to say 'in merchanting', not emergency

Oct 16 (Reuters) - ** Shares of British building materials supplier Travis Perkins TPK.L fall 2% to 629 pence

** Co faces consistent margin pressure and does not provide full-year profit guidance, despite 1.8% rise in third-quarter like-for-like sales

** "A lack of guidance or comment on the full year profit outlook combined with the message around margins and pricing in merchanting suggests that consensus could edge lower a bit," says Aynsley Lammin from Investec Bank

** Including session's losses, stock down 13.2% YTD

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com))

Recent news on Travis Perkins

See all news