19th Mar 2015 15:05
LONDON (Alliance News) - Travis Perkins PLC Thursday said it will create 4,000 new jobs over the next four years, supporting 400 new branches.
The owner of Wickes, Toolstation and Benchmarx stores and the Travis Perkins builders merchants chain made the announcement as one of its new depots was visited by UK Chancellor of the Exchequer George Osborne, a day after he gave his final budget before May's General Election.
?Travis Perkins? ability to create 4,000 new jobs reflects confidence in our businesses, the markets we operate in and the UK economy as whole. This confidence is supported by a number of actions taken by the Government over the past two years, including the new Help to Buy ISA announced yesterday, that are continuing to support construction activity and improvements in consumer confidence. We are making significant investments to improve our customer proposition and in our supply chain to offer superior ranges, availability and value propositions,? Chief Executive John Carter said in a statement.
Travis Perkins currently has almost 2,000 branches across the UK, and says it created 1,500 jobs in the last year. The new branches will be part of a network expansion programme, and the majority of the new jobs will be outside London and the South East of England. It has a capital investment programme of GBP150 million to GBP200 million a year.
Travis Perkins shares were up 0.8% at 2,001.00 pence Thursday afternoon.
By Steve McGrath; [email protected]; @stevemcgrath1
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