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Travis Perkins plc - first quarter trading update for the three months to 31 March 2024

Retrieved on:

Friday, May 3, 2024

Travis Perkins plc, a leading partner to the construction industry, announces its first quarter trading update for the three months to 31 March 2024

Key Points:

Travis Perkins plc, a leading partner to the construction industry, announces its first quarter trading update for the three months to 31 March 2024
As anticipated, trading remained challenging as macroeconomic uncertainty continues to impact demand across the construction sector.
This resulted in Group revenue being down by (3.7)%* in the first quarter.
The General Merchant business continues to gain market share but, with trading volumes remaining subdued, sales across the Merchanting segment were down by (4.4)%* in the quarter.
Management will provide an update on progress at the Group’s half year results on 6th August 2024.

Travis Perkins: Q3 trading update

Retrieved on:

Tuesday, October 17, 2023

Housing, Toolstation, Environment, Growth, Weakness, RMI

As a result, Group revenue declined by (1.8)% in the period with like-for-like sales also down (1.8)%.

Key Points:

As a result, Group revenue declined by (1.8)% in the period with like-for-like sales also down (1.8)%.
Whilst third quarter trading started as expected in the Merchanting segment, September saw a notable deterioration in market activity and sentiment.
Q3 revenue was (3.4)% lower year-on-year, a modest improvement on the first half, however the drivers of revenue have shifted markedly.
However, this has impacted on our trading margins and is reflected in today’s revised guidance.

Travis Perkins plc Investor Update - Toolstation UK : A platform for growth and profitability

Retrieved on:

Thursday, September 28, 2023

Workforce, Toolstation, Investment, Travis Perkins, Cryptocurrency, Video game

Today, the Travis Perkins plc management team is hosting an investor update focused on Toolstation UK.

Key Points:

Today, the Travis Perkins plc management team is hosting an investor update focused on Toolstation UK.
There will be no new disclosures on current trading conditions.
As an integral part of the Group, the business provides a highly complementary offer for UK tradespeople with an excellent opportunity to continue to grow share in a large and fragmented market.
The Group’s significant investment in Toolstation’s network, workforce and infrastructure over recent years has delivered a platform of scale and underpins our confidence in the next phase of the business’ journey as we focus on driving growth and profitability.

Confluent Expands Partnership with Google Cloud as it’s Named a Google Cloud Technology Partner of the Year for the Fourth Time

Retrieved on:

Tuesday, August 29, 2023

Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced an expanded partnership with Google Cloud, and also announced that it was named the Google Cloud Technology Partner of the Year for Google Marketplace–Data and Analytics.

Key Points:

Confluent, Inc. (NASDAQ:CFLT), the data streaming pioneer, today announced an expanded partnership with Google Cloud, and also announced that it was named the Google Cloud Technology Partner of the Year for Google Marketplace–Data and Analytics.
“Together, Confluent and Google Cloud are helping organizations solve their most pressing data challenges,” said Erica Schultz, President of Field Operations, Confluent.
Confluent was a launch partner for the Google Cloud Sovereign Solutions to help increase customer control and transparency for sensitive data moving to the cloud.
Go here for Confluent on Google Cloud case studies, webinars, and more
To get started with Confluent on Google Cloud, head to Google Cloud Marketplace –first time customers get $400 in Confluent credits to use within the first 30 days

Travis Perkins plc - trading update

Retrieved on:

Friday, June 16, 2023

RMI, Housing, Toolstation, Uranium mining

Volumes in both the new build housing and private domestic RMI markets continue to be impacted by higher interest rates and weaker consumer confidence driven by persistent, higher than anticipated consumer price inflation.

Key Points:

Volumes in both the new build housing and private domestic RMI markets continue to be impacted by higher interest rates and weaker consumer confidence driven by persistent, higher than anticipated consumer price inflation.
The Group is driving the trading strategy to effectively navigate the near-term market conditions, alongside its ongoing focus on delivering operational efficiencies in the business.
Assuming that the present conditions persist for the balance of the year, Management now expects to deliver a full year adjusted operating profit of around £240m.
The Group will report half year results for the six months to 30 June on 1 August 2023.

Travis Perkins plc - first quarter trading update for the three months to 31 March 2023

Retrieved on:

Tuesday, April 25, 2023

RMI, Maintenance, Construction, Housing, SME, Merchant, Travis Perkins, Weakness, School, Hospital, App, Growth, Environment, Legislation, Mobile phone, Video game, Renewable energy, Toolstation

As expected, trading volumes in the Merchanting business were impacted by weakness in the new build housing and domestic repair, maintenance and improvement (RMI) markets.

Key Points:

As expected, trading volumes in the Merchanting business were impacted by weakness in the new build housing and domestic repair, maintenance and improvement (RMI) markets.
The commercial, industrial and public sector markets, which represent just under half of the Group’s end market exposure, saw more resilient demand.
Merchanting sales price inflation moderated from the second half of 2022 but remained elevated at 9.0%.
This stood at £272m Group adjusted operating profit for FY23 at time of publication and can be reviewed via:

Travis Perkins: Directorate Change

Retrieved on:

Friday, December 2, 2022

Pursuant to Listing Rule 9.6.11 Travis Perkins plc ("Travis Perkins" or the "Company") makes the following announcement:

Key Points:

Pursuant to Listing Rule 9.6.11 Travis Perkins plc ("Travis Perkins" or the "Company") makes the following announcement:
Louise Hardy is appointed to the Company's Board as a Non-executive Director and a member of the Remuneration Committee with effect from 1 January 2023.
Commenting on Louise's appointment, Jasmine Whitbread, Chair of Travis Perkins said:
We are delighted to welcome Louise to the Travis Perkins team.
As market leader, Travis Perkins is ideally positioned to help customers navigate the increasing complexity of the construction market where major legislative and regulatory change is creating huge opportunity, not least in light of the incoming Future Homes Standard and transition to net zero.
Travis Perkins plc is a leading partner to the construction industry and the UK's leading distributor of building materials to trade customers.

ToughBuilt Industries Expands Relationships with Additional SKUs Available in Three Major Retailers Across Europe

Retrieved on:

Thursday, December 1, 2022

COVID-19, Growth, Consumables, Wickes, Sawhorse, United Kingdom, Work-product doctrine, Trademark dilution, Toolstation, Creativity, Government, Stock, Security (finance), TBLT, Risk, Video game, Risk management

After a successful launch of ToughBuilt products, Wickes, which has 230 locations across the United Kingdom, will be increasing the number of ToughBuilt SKUs available to its customer base, from 15 to 48 SKUs beginning January 2023.

Key Points:

After a successful launch of ToughBuilt products, Wickes, which has 230 locations across the United Kingdom, will be increasing the number of ToughBuilt SKUs available to its customer base, from 15 to 48 SKUs beginning January 2023.
Toolstation France has also more than doubled its original offering of the ToughBuilt range to from 25 to 65 SKUs in total.
Michael Panosian, ToughBuilt CEO-Founder, stated, We are pleased to extend our relationship with these three recognized European retailers, and that ToughBuilt continues to rapidly expand its international presence.
Investors and security holders are urged to read these documents free of charge on the SECs web site at http://www.sec.gov.

Travis Perkins plc Q3 2022 trading update

Retrieved on:

Saturday, October 22, 2022

Growth, Merchant, Housing, Solution, Travis Perkins, BSS, Group, Specialist, Legislation, Safety, Maintenance, CCF, Construction, Toolstation

The issuer is solely responsible for the content of this announcement.

Key Points:

The issuer is solely responsible for the content of this announcement.
Travis Perkins plc, a leading partner to the construction industry, announces its Q3 2022 trading update for the three months to 30 September 2022
The Merchanting businesses continue to outperform their markets, delivering total sales growth of 11.5%* with trading performance remaining consistent throughout the quarter.
Travis Perkins General Merchant, the UKs largest distributor of building materials, saw some slowing of demand through the period in the smaller trade customer segment although demand from larger repair and maintenance contractors held up well.
We continue to benefit from our diverse end market exposure from small independent builders through to large contractors delivering national infrastructure projects.

Trustly acquires Ecospend, further strengthening position in the UK - one of Europe's fastest-growing A2A markets and a core growth market for Trustly

Retrieved on:

Tuesday, May 31, 2022

Ecospend's strong UK A2A product and full bank connectivity will complement and enable Trustly to deliver a market-leading product in the UK, and further accelerate its UK roll-out one of Europe's most rapidly growing A2A regions and a core growth market for Trustly.

Key Points:

Ecospend's strong UK A2A product and full bank connectivity will complement and enable Trustly to deliver a market-leading product in the UK, and further accelerate its UK roll-out one of Europe's most rapidly growing A2A regions and a core growth market for Trustly.
As previously announced, the UK is one of Trustly's core growth markets.
Having set an ambitious target to be the game-changing market leader in the UK, the acquisition of Ecospend now accelerates Trustly's journey towards that target.
Ecospend, founded in 2017, is a FCA UK regulated A2A payments provider powering the next generation of open banking based payments and financial data services.