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Covid costs TP £92m and 80% of operating profit

Revenue at builders and plumbers merchant Travis Perkins plc dropped 20% in the first half of the year, pulling operating profits down 81%, leaving it with an operating loss of £92m, the group announced this morning (September 8). The merchanting division, which covers the brands Travis Perkins, Benchmarx, Keyline, CCF …

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Grafton half-year revenue drops by a fifth due to Covid-19

Total sales at builders merchant group Grafton were 19% lower at £1.05bn for the year ended June 30 2020 due to the effects of the UK lockdown and the Covid-19 pandemic. Operating profit was £39.4m, a drop of 61% and pre-tax profits were 72% down at £24.8m However, the half-year …

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JT Dove turnover heads to £60m

Revenue at north east independent builders merchant JT Dove hit £58.8m in the 12 months to December 31 2018, new accounts have revealed. Turnover at the merchant, which stocks timber, plumbing products and building materials was up from £52.5m 12 months earlier. Pre-tax profits also increased to £2.4m from £2.3m. …

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Grafton shows half-year growth

Irish merchanting group Grafton saw bigger contributions to its growth in the six months to June 30 2019, particularly from it Irish and Netherland businesses. The UK merchanting division saw more modest growth. Chief executive Gavin Slark said: “We made good strategic and operational progress in the first half of …

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Wolseley parent taxes back to UK

Ferguson plc, parent company of UK plumbing heating and civils merchants Wolseley UK, is to move its headquarters back to the UK for tax purposes, it announced in its interim results yesterday (March 26). The group, which renamed itself Ferguson plc to match 83% of its revenue that comes from …

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DIY does for Travis Perkins’ first half results

Builders and plumbers merchant group Travis Perkins posted a £123m pre-tax loss for the first half of 2018, thanks to its DIY-chain Wickes. Across the group as a whole revenue grew by 4.4% to £3.36bn in the six months to June 30 2018, compared with the same period a year …

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