Travis Perkins has seen a jump in growth thanks to inflation driven prices and is on track to meet full year expectations, despite remaining cautious. The owner of home and DIY retailers Wickes and Toolstation saw like-for-like sales jumpy 4.1 per cent in third quarter of the year up from a 2.7 per cent in the first six months, alongside total sales growth of 3.5 per cent. According to analysts the group is forecast to see an adjusted operating profit of £386 million this year, down from £409 million in 2016, marking a second consecutive year of falling profits.
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Travis Perkins sees sales rise thanks to inflation