Wickes Weakness Sinks Profits at Travis Perkins
Evening Standard - London › July 04, 2005
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Summary
THE British consumer has pulled the plug on new bathrooms and kitchens, and sales are plunging at DIY retailer Wickes - bought by builders' merchant Travis Perkins in a Pounds 950 million deal in February.
A shock warning by the group on the depth of the decline in consumer spending sent shares in Travis Perkins crashing 110p to 1667p, extending the fall in the stock since the Wickes acquisition to more than 15%.See the full content of this document
Extract
Wickes Weakness Sinks Profits at Travis Perkins
In a half-year trading statement, Travis Perkins said the acquisition of Wickes had h...
See the full content of this document
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