Travis Perkins cautious despite improved trends
11 April 2012
Travis Perkins offered a glimmer of encouragement on trading today after seeing a steady revival in activity at home improvement arm Wickes.
The group, which has nearly 1,300 locations in the UK, added that recent trends suggested the builders' merchant market had also stabilised.
It forecast that earnings will be towards the upper end of market expectations for 2009, but warned that the likely pressure on both consumer and trade spending meant it maintained a cautious view on prospects next year.
