Travis Perkins flags consumer confidence fall as profit slides

摘要

Builders' merchant Travis Perkins will slow investment in non-priority areas as the firm said it expects the market to be "mixed" throughout 2018. Chief executive John Carter said 2017 was marked by "continuing uncertainty in our end-markets and declining consumer confidence" He added: "In 2018, we anticipate that the mixed market backdrop will continue. As a result, we will be focusing capital investment behind our key priorities and slowing investments elsewhere."