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Travis Perkins Fears A Housing Slowdown

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http://business.timesonline.co.uk/tol/busi...icle2178975.ece

Shares in Travis Perkins fell in morning deals after the building materials group beat first-half expectations but issued a cautious outlook on the back of recent interest rate rises

In early trading, Travis Perkins shares were down 62p, or about 3 per cent, at 1,834p.

Travis Perkins, which trades from around 1,050 outlets in the UK, said that its lead indicators were showing early signs of a slowing in demand.

“We remain cautious about the economic climate in the second half of the year as a result of the uncertain interest rate outlook,” it said.

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Well spotted studdymx

DrBudd likes his housebuilders but the builders merchants are a good as an indicator as any to the state of the housing market.

Anyone looking for short positions should consider them IMO.

Wolseley have been holding up because of private equity interest but they are in very deep in America and could be worth keeping an eye on.

The last 6 months have seen significant falls in Grafton, Travis and Wolseley

Edited by Peter & The Wolf

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http://business.timesonline.co.uk/tol/busi...icle2180311.ece

From Times OnlineAugust 1, 2007
Shares in Travis Perkins fell in morning deals after it beat first-half expectations but issued a cautious outlook
James "Jimbo" Rossiter, property correspondent
The sales tills may have been ringing up plenty of cash at the half-year stage for Travis Perkins, the builders merchant and owner of the Wickes DIY chain, but when it comes to spending £2,500 on a typical new kitchen, consumers are certainly holding back.
The key figure for readers of the wider high street economy is like-for-like sales at Wickes's retail showrooms. These were showing a 7.4 per cent decline for the six months to June 30.

Another bellwether signalling that Gordon's nightmare, er miracle, is over.

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Newnsow headline. No link as article not accessible.

More B&Q woes put Kingfisher's top jobs at risk Retail Week 13:40 [source requires subscription]

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Don't forget not everyone suffers. You might get a lot of people staying put and doing up their houses in the next 5 to 10 years - instead of moving.

If they have cash/mew to do that

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