MARKET TALK: Travis Perkins Issues A Positive Trading Update

2nd Jul 2010 07:45

0645 GMT [Dow Jones] Travis Perkins (TPK.LN) issues a positive trading update, says KBC Peel Hunt. Says merchanting or trade sales are up 5% like-for-like while retail sales are down 0.4% like-for-like. Says Travis is still "making hay" from the weakness of Wolseley (WOS.LN) and notes that there is still a high rate of failure amongst smaller independents. Says generally, the merchants are not especially vulnerable to the cuts in major public sector capital spending. Has no rating for Travis. Shares closed on Thursday at 709p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 02, 2010 02:45 ET (06:45 GMT)