Half Year Results 

Travis Perkins to demerge Wickes

Travis Perkins to demerge Wickes

Travis Perkins (TPK) will demerge its home improvement retailer Wickes to shareholders as a standalone business in the first half of its 2020 financial year. The construction and home improvement specialist included demerger costs of £3.5m in a total of £127m in adjusted items, the bulk of which pertained to a £111m asset write-off relating to the roll-out of a troubled IT programme across the business, which is now being scaled back. 

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