Travis hit by downturn at Wickes business

Builders’ merchant Travis Perkins warned of lower-than-expected profits today after suffering a “marked” deterioration in orders.

Fri, 11 Nov, 2005 - 08:21

Builders’ merchant Travis Perkins warned of lower-than-expected profits today after suffering a “marked” deterioration in orders.

The firm said its DIY and consumer-focused division Wickes – acquired for £950m (€1.41bn) in February – had been hit by price-cutting among rivals and a further deterioration in consumer confidence.

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