Travis Perkins bucks the trend.
Investors Chronicle - magazine and web content, March, 2008
RESULTS: The shares could be a bargain - if the company can continue grabbing market share. Jonas Crosland
On paper, Travis Perkins is in a tight spot - it's exposed to lower construction activity courtesy of its eponymous chain of builders' merchants, and lower consumer spending courtesy of Wickes, the retail DIY chain it acquired in 2005. But these results still beat market expectations - and finance director Paul Hampden Smith expects to see further progress this year, although the pace is likely to be slower as a result of market conditions.
The key to Travis's success is expanding its market share. It continues to grab a larger share of the retail and trade market thanks to an accelerated programme of new store openings and a move into different...
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