Home Business News Travis Perkins shares rise on upbeat profit forecast

Travis Perkins shares rise on upbeat profit forecast

by LLB Editor
22nd Jun 21 1:51 pm

Travis Perkins shares rose 7.3% today after the builders merchant raised its profit forecast for 2021 to at least £300m.

The company posted a strong second quarter driven by the strength of domestic and commercial repairs, maintenance and improvement markets.

In today’s trading update, the company said: “The pace of the recovery has led to well documented challenges on both inflation and materials supply on a number of core products ranges. The Group’s supply chain and network capabilities mean that it is well placed to manage these challenging circumstances, working closely with both customers and suppliers. “

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