Sales leap for Travis Perkins as it warns of looming spending cuts

first_img Builders’ merchant and DIY retailer Travis Perkins yesterday announced higher sales, but pointed to signs that government spending cuts had begun to bite.Travis, which trades from more than 1,200 branches under Travis Perkins, Keyline, Wickes and other brands, said turnover at branches in its merchanting division open at least a year increased 10.3 per cent in the three months to 30 September.The group said its outlook for the year as a whole remained unchanged, although growth in merchanting had begun to slow. “This rate has shown signs of moderating in the most recent few weeks of trading,” it said.Travis warned in July that public sector new construction would face pressure from spending reductions and new house-building was unlikely to continue the very strong growth of the first half.The firm, which is trying to buy plumbing and heating company BSS Group for about £580m to create the biggest plumbing and heating trade and retail distribution business group, said like-for-like sales at Wickes rose 0.6 per cent with relatively weaker trends in big-ticket purchases. Total group sales in the nine month period rose six per cent. Sales leap for Travis Perkins as it warns of looming spending cuts whatsapp Monday 11 October 2010 8:47 pm KCS-content Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap Tags: NULL Show Comments ▼ Share whatsapp last_img read more

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