Travis well placed for the recovery

Published:  16 November, 2009

LONDON: Investment web site said Travis Perkins is well placed to benefit from the expected economic upturn.

The investor web site said UK housing-related indicators continue to improve and mortgage approvals are rising off depressed levels.

"Given that merchanting activity typically lags these indicators by six months and more, the prospects for the sector in 2010 continue to improve," it said in a note to investors.

Travis Perkins' performance during the downturn shows it is a "high-quality, best-in-class margin business with a market-leading position," it said.

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