Travis Perkins Needs a New CEO to Keep Turnaround Efforts -- Market Talk

Dow Jones

Apr 01, 2025

1017 GMT - Travis Perkins published a disappointing set of results, reflecting the urgency of finding a successor for its CEO in order to continue the group's transformation, AJ Bell investment director Russ Mould says. In 2024, the U.K. building-materials retailer hired a number of high-level executives in the industry to shake up the struggling business, including Taylor Wimpey boss Pete Redfern as CEO, Mould says. However, Redfern's recent departure for health reasons has somewhat undermined these efforts, with the company taking significant impairments, Mould adds. The swing to a loss also reflects weak demand and pressure on pricing, he says. "It badly needs to appoint a successor to Redfern so the transformation of the group can be continued," Mould adds. Shares are down 6.7% at 513 pence. (michael.susin@wsj.com)

(END) Dow Jones Newswires

April 01, 2025 06:17 ET (10:17 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2524196898"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2524196898\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2524196898?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-01 18:17","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2524196898","market":"sh","top_or_hot":-1,"title":"Travis Perkins Needs a New CEO to Keep Turnaround Efforts -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1017 GMT - Travis Perkins published a disappointing set of results, reflecting the urgency of finding a successor for its CEO in order to continue the group's transformation, AJ Bell investment director Russ Mould says. In 2024, the U.K. building-materials retailer hired a number of high-level executives in the industry to shake up the struggling business, including Taylor Wimpey boss Pete Redfern as CEO, Mould says. However, Redfern's recent departure for health reasons has somewhat undermined these efforts, with the company taking significant impairments, Mould adds. The swing to a loss also reflects weak demand and pressure on pricing, he says. \"It badly needs to appoint a successor to Redfern so the transformation of the group can be continued,\" Mould adds. Shares are down 6.7% at 513 pence. (michael.susin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 01, 2025 06:17 ET (10:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Travis Perkins Needs a New CEO to Keep Turnaround Efforts -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTravis Perkins Needs a New CEO to Keep Turnaround Efforts -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-01 18:17</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1017 GMT - Travis Perkins published a disappointing set of results, reflecting the urgency of finding a successor for its CEO in order to continue the group's transformation, AJ Bell investment director Russ Mould says. In 2024, the U.K. building-materials retailer hired a number of high-level executives in the industry to shake up the struggling business, including Taylor Wimpey boss Pete Redfern as CEO, Mould says. However, Redfern's recent departure for health reasons has somewhat undermined these efforts, with the company taking significant impairments, Mould adds. The swing to a loss also reflects weak demand and pressure on pricing, he says. \"It badly needs to appoint a successor to Redfern so the transformation of the group can be continued,\" Mould adds. Shares are down 6.7% at 513 pence. (michael.susin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 01, 2025 06:17 ET (10:17 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TPRKY","symbol_name":"Travis Perkins Plc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524196898","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524196898","pubTimestamp":1743502620,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1017 GMT - Travis Perkins published a disappointing set of results, reflecting the urgency of finding a successor for its CEO in order to continue the group's transformation, AJ Bell investment director Russ Mould says. In 2024, the U.K. building-materials retailer hired a number of high-level executives in the industry to shake up the struggling business, including Taylor Wimpey boss Pete Redfern as CEO, Mould says. However, Redfern's recent departure for health reasons has somewhat undermined these efforts, with the company taking significant impairments, Mould adds. The swing to a loss also reflects weak demand and pressure on pricing, he says. \"It badly needs to appoint a successor to Redfern so the transformation of the group can be continued,\" Mould adds. Shares are down 6.7% at 513 pence. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"TPRKY":"Travis Perkins Plc","BK1215":"特殊消费者服务","03650":"KEEP","BK4104":"贸易公司与经销商"},"translate_title":"特拉维斯·帕金斯需要一位新首席执行官来保持扭亏为盈——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03650":1,"TPRKY":0.9},"content_text":"1017 GMT - Travis Perkins published a disappointing set of results, reflecting the urgency of finding a successor for its CEO in order to continue the group's transformation, AJ Bell investment director Russ Mould says. In 2024, the U.K. building-materials retailer hired a number of high-level executives in the industry to shake up the struggling business, including Taylor Wimpey boss Pete Redfern as CEO, Mould says. However, Redfern's recent departure for health reasons has somewhat undermined these efforts, with the company taking significant impairments, Mould adds. The swing to a loss also reflects weak demand and pressure on pricing, he says. \"It badly needs to appoint a successor to Redfern so the transformation of the group can be continued,\" Mould adds. Shares are down 6.7% at 513 pence. (michael.susin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 01, 2025 06:17 ET (10:17 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}