Travis profit lift fuelled by DIY recovery

first_img Tags: NULL Travis profit lift fuelled by DIY recovery Wednesday 23 February 2011 8:38 pm whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmcenter_img whatsapp KCS-content Share BUILDERS’ merchant and do-it-yourself retailer Travis Perkins said yesterday it was currently trading well because essential repair and maintenance work suspended in the recession was now being done.The firm posted a better than expected 20.4 per cent rise in 2010 underlying profit to £216.7m. It said it had gained market share from rivals and said it had made a strong start to 2011, although it does expect conditions for the next 12 months to remain difficult.The group, which has more than 600 branches, said it expected the merchanting sector to continue its gradual recovery this year.Chief executive Geoff Cooper said: “There is considerable gloom in the wider economy, but we do not subscribe to the double dip theory.“We are seeing a lot of repair and maintenance work being done that was delayed and that is helping to offset some of the more difficult times that we are seeing in other bits of construction.“In public sector (work) in 2011 and 2012 and indeed in 2013 we are going to see further contraction and I think it’s the private sector that’s gradually going to come back and offset that contraction.”He forecast “very low single digit” growth in the overall UK merchanting market in 2011 along with a “mid single digit” contraction in the overall DIY market as worries over job cuts and rising inflation impact. He expects Travis Perkins to outperform both markets.Travis said all 11 businesses in its portfolio outgrew their rivals and increased profits in 2010.It said its acquisition of BSS for £558m had been a success. The move last year was its biggest acquisition since it bought Wickes for £950m in 2005. last_img

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