Plus   Neg

Travis Perkins Says Wickes Demerger Process Progressing Well

Travis Perkins Plc. (TPK.L) said that the process of demerger of Wickes business is progressing well, and is on track to be completed in the second quarter of 2020.

The company will host a capital markets event focusing on the Wickes business on the 29 January 2020.

Ahead of the capital markets event, the Group has released an initial presentation pack which lays out at a high level the future equity story for the Wickes business. At least half of Wickes' sales are digitally-led across all three customer routes. The store model is complementary to the digital journey with 95% of sales touching the stores.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Online-video streaming giant Netflix Inc. (NFLX), Tuesday reported a fourth-quarter profit that trounced Wall Street estimates, as revenues surged 31% driven by strong subscriber growth. Netflix added 8.76 million subscribers globally in the quarter, above its forecast of 7.60 million, to end the... Fast food chain Krystal Company has filed for bankruptcy, according to reports. The Atlanta-based Krystal filed for Chapter 11 on Sunday in the U.S. Bankruptcy Court in Atlanta. In the filing, the company reportedly disclosed assets between $10 million and $50 million, and liabilities between $50 million and $100 million. The chief executive officer of Google's parent company Alphabet called for artificial intelligence or AI to be regulated, noting that there are real concerns about the potential negative consequences of the technology. According to Alphabet CEO Sundar Pichai, there are real concerns about the negative consequences of AI, from deepfakes to nefarious uses of facial recognition.
Follow RTT