Travis Perkins Plc #TPK announced, in its trading update for six months to 30 June 2020, that despite the closure of 165 branches in June, representing around 8% of the group's overall estate, the group has continued to experience an improving trend on total sales volumes so far in July, with the Group's total sales run rate now close to prior year. Moreover, at 30 June 2020, the Group had £455million of cash on deposit giving a strong overall liquidity headroom position of £855million.
Travis Perkins: Trading update for six months to 30 June 2020.
Travis Perkins: TR1 Notification of Major Share Interest.
Travis Perkins: Trading and liquidity update and business restructuring.
Travis Perkins #TPK announced that throughout the early weeks of the lockdown, around a third of our total merchanting branches and around half of all plumbing and Heating branches were operating. These sites have been primarily running call and collect or direct delivery services to support essential construction programmes. These include the construction of key NHS assets including the nightingale hospital network, the ongoing maintenance of national infrastructure and support for the essential repair and maintenance of domestic homes. In the first three weeks of April, operating through the service-light model, group total revenue was approximately one-third of the same period in 2019 on a comparable basis.
Travis Perkins: Travis Perkins plc - COVID-19 and Trading update.
Travis Perkins: Listing Rule 9.2.6E - Rights Attaching to Listed Equity Shares.
Travis Perkins: Publication of 2020 Notice of Annual General Meeting.
Travis Perkins Plc #TPK Announced that its trading performance in 2020 has been in line with expectations, with solid trading in the Merchanting businesses and a strong start in Toolstation and Wickes. Total group sales rose by 2.4% year-to-date, and recent trading has not yet shown a significant sales impact as a result of COVID-19. However, due to the rapidly evolving situation and the dynamic UK Government response to the impact of COVID-19, the group expects the trading environment to change quickly and materially in the coming weeks. It withdraws all market guidance in the near-term and will provide further updates when there is greater clarity on the impact of COVID-19 on the trading environment.
Travis Perkins is one of the UK's leading building materials supplier under various banners such as Travis Perkins, Keyline, City Plumbing, CCF, Wickes and Benchmarx. The group also earns revenue through the sale and hire of tools.