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Travis Perkins PLC Shares News & Articles

Cost of UK mortgages breaches 6% while June house prices fall for the first time in five years

The outlook for UK house buyers is about to get tougher after the average cost of two-year fixed mortgages crept back above 6% this week, according to data group Moneyfacts.It is the highest level since last December in the wake of the disastrous mini-Budget last autumn when two-year fixed rates reached 6.65%.It is not just buyers who are suffering. The Resolution Foundation, a think tank, estimat

Travis Perkins profit warning triggers sell-off in housebuilders, building materials groups and builders’ merchants

The UK's largest supplier of building materials, Travis Perkins (TPK) downgraded full year adjusted operating profit guidance by 12% on Friday flagging the negative impact of higher interest rates and weaker consumer confidence on its end-market.The shares made a new six-month low after falling 5% to 823p, taking them 20% below the highs in February when there was growing optimism the housing mark

Housebuilder warnings about a slowdown in activity does not bode well for suppliers

The common factor across the latest trading updates from the big housebuilders is they are all forecasting fewer completions and land purchases this year.That could spell trouble for the various trades which support the new-build home industry, from legal services to building materials and equipment hire to fitted kitchens and bathrooms.With mortgage costs soaring after repeated interest rate incr

Marshalls signals end of DIY boom putting pressure on Wickes, Kingfisher and others

- Third quarter sales down 16% - Marshalls stock falls 28%- News will worry shareholders in other DIY chainsPatio and paving firm Marshalls (MSLH) reported a sharp decline in sales to the home renovation and DIY market in the three months to September as consumers slammed on the brakes ahead of the hike in household fuel bills this month.It is a warning that should make investors in several other
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