Travis Perkins on road to recovery after profits drop 81%

// Travis Perkins posts decline after lockdown affected sales
// The Wickes owner now expects a recovery
// It undertook a full restructuring of the business in JuneTravis Perkins has recorded a decline in profits and revenues as the Covid-19 lockdown forced the closure of 165 stores back in June.
The building supplies retailer, which owns Wickes, recorded an 81 per cent decline in profits year-on-year in the first half to £42 million.
Revenues declined by 20 per cent to £2.79 b