Travis Perkins, the builders’ merchant, warned that sales had worsened in October and would deteriorate further in the weeks ahead, sparking a wave of selling by investors in the home improvement and building products sector.
Shares inTravis dropped by as much as 11%.
References: Financial Times Money & Business 12/11/05 page 15, Daily Telegraph 12/11/05 page 31, The Times Business 12/11/05 page 58, The Independent 12/11/05 page 45
