Travis Perkins PLC higher as sales begin to recover following reopening

in hive-116221 •  4 years ago 

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Travis Perkins PLC (LON:TPK) shares rose on Tuesday as the group highlighted a recovery in sales as its stores reopened following a relaxation of lockdown restrictions.

In a trading update for the six months to June 30, the builder's merchant reported that sales in the period had fallen 19.3% on a like-for-like basis, with sharp declines in its merchanting and plumbing & heating (P&H) businesses offsetting a strong rise in its Toolstation arm.


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