Travis Perkins plc (TPK.L), on Thursday, reported that Q1 total revenue declined 4.9% and like-for-like revenue decreased 3.7%, as trading remained challenging due to continued macroeconomic uncertainty that impacted demand across the construction sector.
The company stated that the General Merchant business continues to gain market share but, with trading volumes remaining subdued, sales across the Merchanting segment were down by 4.4% in the quarter.
Pricing has largely stabilized but remains lower than the prior year, primarily due to the rollover impact of timber deflation, with this trend expected to continue through the first half of the year.
Toolstation UK, facing weak RMI demand, saw revenues decline by 0.9%. The business remains focused on delivering long-term loyalty and sustainable value leadership whilst driving benefits from recent infrastructure investment.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.