Travis Perkins plc (LSE: TPK) closed Thursday at 555.50p, down 0.27%, as shareholders held their annual meeting on the same day in London and approved all 17 resolutions on the agenda.
The AGM confirmed the receipt of the 2025 annual accounts, the directors’ remuneration report, and a final dividend of 7.5 pence per share, with Deloitte reappointed as auditor for a further year.
All named directors were re-elected or elected at the meeting, and shareholders backed authorities for share allotment, share buybacks, and the ability to call general meetings on 14 days’ notice, with overall turnout slightly above 83%.
Non-executive director Marianne Culver was also appointed as a member of the Nominations Committee with effect from 21 May 2026, adding a fresh governance update to proceedings.
The company had already confirmed earlier in the year that Gavin Slark joined the board as chief executive from 1 January 2026, bringing leadership stability after a period of transition at the top.
Travis Perkins reported broadly flat revenue and lower adjusted operating profit for 2025, with performance impacted by disruption from an Oracle enterprise resource planning system implementation that ran through the year.
The builder’s merchant said cash generation improved over the year despite the ERP-related costs, with the balance sheet described as strengthened as the project reached completion.
Construction demand in the UK has remained subdued, and analysts at several brokers have maintained Hold ratings, noting that the risk-reward remains balanced until a clearer volume recovery becomes visible in the data.
JP Morgan analysts recently issued a Buy recommendation on the shares, citing the stock’s valuation and the potential for recovery in UK construction activity as interest rates ease.
Thursday’s modest decline came against a backdrop of near-flat trading across the building materials sector, with the broader housing market still working through affordability and planning challenges.
