Travis Perkins lowers guidance as interims hit the nail firmly on the thumb
The flaccid UK housing market was not helping DIY chain Wickes ... and then came along the Beast from the East
Company
Travis Perkins
LON:TPK
Travis Perkins is a leading supplier to the UK building and construction industry. Supplying more than 100,000 product lines to professionals and self-builders including general building materials, timber, plumbing & heating, kitchens, bathrooms, landscaping materials and tool hire.
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Walcom shares drop as it begins legal proceedings to recover money from customer
A look at some of the top risers and fallers in London today
Archive
BP may have already given a results spoiler, but there will be plenty else to digest on Tuesday
Aside from the oil giant's second-quarter numbers, results are also due from the likes of Centrica, Standard Chartered, Taylor Wimpey, Just Eat, and Greggs
Builders and building materials
Travis Perkins downgraded by UBS as analysts question investment pay out potential
The Swiss investment bank said “a lack of clear market outperformance” on several investments meant that returns would be “weaker than initially anticipated”
Builders and building materials
Travis Perkins repeats 2018 guidance despite hit to sales from Beast from the East
Poor weather conditions resulted in an estimated 1.5-2% impact on like-for-like sales in the first quarter, said Travis Perkins
Archive
Topps Tiles, IAG, easyJet, Electrocomponents and US jobs in focus after Easter break
The week ahead includes interims from Topps Tiles, traffic statistics from easyJet and IAG, a trading statement from Electrocomponents and the US non-farm payrolls report
Builders and building materials
Travis Perkins reports decline in 2017 profits amid 'challenging environment'
Travis Perkins said it will focus on investing in key priorities and keeping a tight control on costs
Investments and investor services
FTSE 100 closes firmly lower on chilly Wednesday with ITV the big switch-off
The Footsie may have mainly traded sideways throughout the day but there have been some notable movements among blue-chips.
Archive
Advertising key to ITV's latest results broadcast; Taylor Wimpey continues housebuilder updates
Day ahead includes full-year results from blue chips including broadcaster ITV PLC, housebuilder Taylor Wimpey PLC, motor insurer Admiral PLC, and mid cap estate agents Foxton's PLC
Builders and building materials
Grafton's non-reliance on the UK a boon in Berenberg's eyes
The same can't be said for Travis Perkins, which is downgraded to 'hold', and Howden Joinery, which is left on 'hold', as both will be hampered by a flat UK market
FTSE 100 succumbs to global profit-taking, closes firmly in red
The UK blue chip index closed down 108.45 points at 7.334, which had been the session low
Builders and building materials
Travis Perkins shares drop as JPMorgan downgrades stock in review of housebuilders
JPMorgan said its top picks remain Bellway and Persimmon while Bovis Homes is its least preferred stocks among UK housebuilders
Builders and building materials
Travis Perkins says on track to achieve full year expectations despite challenging market backdrop
The FTSE 250-listed group said like-for-like sales rose 4.1% in the third quarter of 2017, an increase from the 2.7% growth seen in the first half.
FTSE 100 joins global shares to head lower; retail sales disappoint
The FTSE 100 index closed down 19 at 7,523, as US stocks joined in a retreat by global markets today amid worries over the situation in Spain
Archive
Consumer focus as Unilever and Travis Perkins issue updates, retail sales eyed
The day ahead includes trading updates from Travis Perkins PLC and Unilever PLC, as well as the latest UK retail sales data
Archive
UK inflation and jobs data to show real wages remain under pressure
The Week Ahead includes economic data on UK jobs, inflation and retail sales along with full year results from ASOS and Bellway and trading updates from Travis Perkins, Merlin Entertainments, Unilever and Intercontinental Hotels Group
Builders and building materials
Travis Perkins to restructure plumbing again after more profit leakage
Group profits dropped to £167.6mln (£175.5mln) in the half year to June
FTSE 100 closes in the red as UK construction data disappoints
The UK blue chip index Around 12 points lower at 7,411 well above the day’s low of 7,388.92
Archive
William Hill looking to upset the odds
It's not quite 'Super Thursday' but definitely a busy day with heavyweights BAE, Standard Chartered, Travis Perkins and Vedanta among those reporting
Archive
One year on: BT, Royal Mail and ITV among worst-hit FTSE 100 stocks since the Brexit vote
A weaker pound following the Brexit vote has given the FTSE 100 and other UK indices a boost in the year since the Britain voted to leave the European Union
Investments and investor services
FTSE 100 closes below 7,500 ahead of UK election
FTSE 100 closed below the 7,500 level as traders sit and wait it out..
Builders and building materials
Travis Perkins flags up rising inflation as plumbing struggles
The Wickes owner said prices rose by 2.6% across the group
Investments and investor services
FTSE 100 closes 21 points down ahead of Easter weekend
Yesterday the FTSE 100 briefly rose above 7,400 ... today, a sub-7,300 level beckons
Archive
Day ahead: Ten Entertainment float could score a strike; Hays to update
The UK's second largest ten-pin bowling operator, Ten Entertainment will have an initial market cap of £107.25mln when conditional trading starts in London
Archive
Week ahead: Recruiters to provide Brexit insight while Tesco delivers finals
Week ahead: Tesco, Pagegroup, Hays, JD Sports, WH Smith ...
Builders and building materials
DIY help measures at Wickes owner Travis Perkins could do the job, says Berenberg
Berenberg thinks the group is well placed to compete and outperform its rivals, making market share gains.
Builders and building materials
Travis Perkins to stop plumbing the depths soon, brokers say
Three heavyweight brokers extolled the virtues of Travis Perkins; so, why are the shares down again today?
Builders and building materials
Weak performances in plumbing and heating sees Travis Perkins' 2016 profits fall; UK outlook mixed
The group saw its adjusted operating profits fall by 1% to £409mln for the year to December 31, down from £413mln in 2015, and lower than forecasts for £410mln.
FTSE shares end flat, give back record peaks, except Vesuvius
FTSE 100 stocks ends flat on Thursday after falling back from a fresh record high as shares in outsourcing group Capita slumped 9%
Investments and investor services
Can Cobham avoid a sixth profit warning when it releases full year results?
Cobham, Sportech, Travis Perkins, Capita and GoCompare are among the names on Thursday's list.
Builders and building materials
Barclays remains cautious on Travis Perkins over its ability to pass on inflation cost rises to customers
The bank has reduced 2018 EPS estimates for Travis as they "believe the market expectation of a sharp rebound in that year is unrealistic.”
FTSE 100 shares fall despite oil gains
FTSE 100 shares closed lower on Thursday, as oil sector gains failed to catch on
FTSE 100 drops; RBS hit by huge fine warning
FTSE 100 stocks dropped on Wednesday, dragged lower by housebuilders and building materials firms, as investors absorbed a poor trading statement from Barratt Developments. But RBS may have more bad news in the morning
FTSE shares close lower with US markets on profit-taking
FTSE 100 shares closed lower after a rally flirted with the 7,000 level but petered out as investors eyed a drop by Wall Street tickers following on-going digestion of what a Donald Trump presidency means for corporates - and opted to book
Investments and investor services
FTSE 100 shares end firmer as Clinton seen ahead
FTSE 100 shares ended firmer on Tuesday as a last-minute rush to buy framed a session of cautious optimism in a victory for Hillary Clinton in the US presidential election
Archive
Cobham's year of woe may be ending, says broker Exane
It is doubtful of a pick-up next year though suggests Cobham as a potential recovery play if new management’s plan is appreciated by investors.
Builders and building materials
Travis Perkins fixing leaky plumbing, says Liberum
Travis Perkins showed excellent cost discipline in the last downturn, said Liberum
FTSE 100 closes higher with miners but fresh record high eludes
London’s FTSE 100 index closed higher thanks to miners, but well off a late surge as a fresh record high eluded it
Archive
Apple supplier Laird downgraded by JP Morgan Cazenove
A look at some early analyst views in the City
FTSE 100 stocks edge higher as bank stocks brush off ECB policy
FTSE 100 stocks edged higher on Thursday led by bank stocks, even as their euro zone cousins counted the cost of continued low interest rates signalled by the European Central Bank
Archive
ASOS and Burberry get reality checks; Reckitt fails to cut the mustard
Life's tough for glamour stocks that stop dazzling. Meanwhile, Reckitt fails to cut the mustard and Travis Perkins lowers guidance
Riser and fallers: Laird, Travis Perkins, Highland...
Highland shares got a boost after the company successfully proved the effectiveness of its DT Ultravert 'anti-bashing' technology
Builders and building materials
Travis Perkins to cut 600 staff, 30 branches due to uncertainty
The branch closures will be in its trade business said the builders merchant
Builders and building materials
FTSE 100 gains on coat tails of Burberry
FTSE 100 stocks closed higher on Wednesday after fashion house Burberry bounced back
Reckitt Benckiser picks up the consumer goods baton
The Dettol and Nurofen maker reports its third quarter statement and investors will be hoping that margin and sales growth has continued.
Week Ahead: Retailers ASOS and Burberry go head-to-head
The collapse of sterling will have been a boon to both retailers
FTSE 100 misses out on record high close over Brexit, US rate fears
FTSE 100 shares narrowly missed out on a record closing high on Tuesday after slipping back from record levels thanks to renewed Brexit fears which sent the pound below $1.23, as well as growing expectations of a US rate hike this year. Ear
FTSE 100 stocks end softer as pound remains lowly
FTSE 100 stocks ended softer on Tuesday as sterling remained nestled near to post-Brexit lows for a second successive session
UK shares dragged lower by oil and banking stocks
London stocks began the Tuesday session in the red and never recovered, as oil and banking stocks dragged the blue-chip ticker lower
Oil majors weigh on Footsie Index despite crude price recovery
Shares in BP and Royal Dutch Shell were on the slide
Builders and building materials
Travis Perkins takes 'Brexit' hit
Builder's merchant boosted like-for-like revenue in the six months to June 30 by 3.1% to £3.1bn
Investments and investor services
Plunging UK construction activity shakes FTSE 100 Index
British construction activity in July hit its lowest level since June 2009
PREVIEW – Another deluge of earnings on way, including IHG
Another big week for earnings as August kicks offf
Archive
Brokers: Randgold and Acacia bumped up
While it was good news for the gold miners, brokers were mixed in their outlook for ARM Holdings after yesterday’s takeover news
Investments and investor services
FTSE 100 Index treads water as market awaits Carney comments
The Footsie fell 0.18 points to 6682.68 in early trading
FTSE 100 trims losses after day of political upheaval
House builders, financials and airline IAG, which issued a profit warning, took an absolute battering today.
FTSE100 pares losses as investors see Brexit opportunity
Britain's premier share index is down 4.49% at the midday point, while other European shares are tanking
Investments and investor services
BREXIT LIVE: City reaction as Britons choose leave
That's it from us for a very volatile Friday, more Brexit reaction to follow on Monday.
FTSE 100 plunges 5%, Cameron resigns after EU vote
Britain's top share index opened almost 7% lower before making up some ground after a historic EU referendum vote and as PM David Cameron told the nation he will resign.
Investments and investor services
The week's gains in London trimmed
It was a drab end to a decent week, with the big winners on Aim including Scapa, Verseon, Next Fifteen, Boohoo.com and ASOS.
Oilers enjoy their day in the sun; INTU biffed by BRC report
The AIM All-Share remained in positive territory, though only just (it was up 0.09 points at 732.62).
Archive
FTSE100 ends higher; Miners take the podium
Britain's blue chips closed almost 69% higher with miners the big winners as traders digested a mixed jobs report from across the pond.
FTSE 100 on course to set new high for 2016
Metals prices are on the up taking mining stocks with them
Investments and investor services
FTSE100 finishes the week on the front foot
China and the ECB left investors in a positive mood at the end of the week
Investments and investor services
FTSE 100 rouses itself after ECB press conference
The only way was up after Mario Draghi's press conference proved sweet music to the ears of the bulls
Traders sit on sidelines ahead of European interest rate verdict
The FTSE 100 Index was 7.5 points down at 6340 in lunchtime trading
Builders and building materials
Travis Perkins warns as repair business dips
Full year earnings would be at the lower end of market expectations.
Investments and investor services
London shares fall ahead of ECB rate decision
The FTSE 100 Index was 5.73 points down at 6342 in early trading
Investments and investor services
Risers & Fallers: Zoopla, Ladbrokes, Debenhams, SIG, Foxtons, Pearson
Below are the main news-driven share price movements at 12.30pm.
Thursday’s agenda: Investors to get measure of Debenhams
The department store is due to release its results on Wednesday
Builders and building materials
Go for volume plays in housing market's next phase
Since the beginning of 2010, the FTSE Household Goods & Home index has shot up 142%, but now is not the time to bank profits, Liberum argues.
Investments and investor services
Risers & Fallers: African Potash, Vedanta, Superglass, ECR, Avocet and more...
African Potash rose again while Avocet Mining's shares continue to be volatile.
Investments and investor services
Risers & Fallers: Tern, Wizz Air, Travis Perkins, Coal of Africa and more...
Tern said the value of its portfolio has risen more than four-fold over the past 12 months.