The demerger between Wickes and Travis Perkins has now completed, with Wickes rejoining the London Stock Exchange as a standalone company. Alongside the demerger, Travis Perkins shareholders also approved the resolution to consolidate shares in Travis Perkins. Both Wickes and the remainder of the business have been enjoying strong sales, attributed to people doing more DIY and home repairs during Covid-19 lockdowns.
The last time Wickes was a listed company was in 2000. The company has seen like-for-like sales rise by 19.7 percent in the three months to the end of March 2021, which was driven by digital and click and collect in spite of the closure of showrooms. Shares in Travis Perkins dropped nine percent to 1,470.89p.
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