{"id":319352,"date":"2025-08-05T08:30:26","date_gmt":"2025-08-05T08:30:26","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/319352\/"},"modified":"2025-08-05T08:30:26","modified_gmt":"2025-08-05T08:30:26","slug":"uks-travis-perkins-posts-drop-in-first-half-adjusted-operating-profit","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/319352\/","title":{"rendered":"UK&#8217;s Travis Perkins posts drop in first-half adjusted operating profit"},"content":{"rendered":"\n<p class=\"yf-1090901\">(Reuters) -British building materials supplier Travis Perkins reported a 24% drop in first-half adjusted operating profit on Tuesday, hurt by a prolonged downturn in the UK&#8217;s construction market.<\/p>\n<p class=\"yf-1090901\">High interest rates and fragile consumer confidence amid a sluggish UK economy have weakened commercial and residential construction activity, while also curbing big-ticket home renovation spending.<\/p>\n<p class=\"yf-1090901\">&#8220;The first quarter was difficult, with a continued trend of market share loss and revenue decline in Merchanting&#8221;, Chair Geoff Drabble said in a statement.<\/p>\n<p class=\"yf-1090901\">The company reported an adjusted operating profit of 63 million pounds ($83.6 million) for the six months ended June 30, down from 83 million pounds a year earlier, after excluding discontinued operations.<\/p>\n<p class=\"yf-1090901\">Travis Perkins expects to deliver a full-year adjusted operating profit, including property profits, broadly in line with average market expectations of 141 million pounds, according to a company-compiled poll.<\/p>\n<p class=\"yf-1090901\">($1 = 0.7533 pounds)<\/p>\n<p class=\"yf-1090901\">(Reporting by Raechel Thankam Job in Bengaluru; Editing by Sumana Nandy)<\/p>\n","protected":false},"excerpt":{"rendered":"(Reuters) -British building materials supplier Travis Perkins reported a 24% drop in first-half adjusted operating profit on Tuesday,&hellip;\n","protected":false},"author":2,"featured_media":319353,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[748,13430,115927,393,4884,115928,1144,112593,712,115926,16,15,1764],"class_list":{"0":"post-319352","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"category-united-kingdom","9":"tag-britain","10":"tag-building-materials","11":"tag-construction-market","12":"tag-england","13":"tag-great-britain","14":"tag-high-interest-rates","15":"tag-northern-ireland","16":"tag-operating-profit","17":"tag-scotland","18":"tag-travis-perkins","19":"tag-uk","20":"tag-united-kingdom","21":"tag-wales"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114975226221511412","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/319352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=319352"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/319352\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/319353"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=319352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=319352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=319352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}