Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Travis Perkins May Have Howden on ‘Wish List,’ Evolution Says

Howden Joinery Group Plc may be a takeover target for Travis Perkins Plc, Britain’s largest builders’ merchant, Evolution Securities Ltd. analysts led by Graham Brown said.

Travis Perkins’s ratio of net debt to earnings before interest, taxation, depreciation and amortization is forecast to fall to 1.1 in the 2012 fiscal year from 1.6 times, the analysts said in the note earlier this month. That will give the Northampton, England-based company, owner of the Wickes home-improvement chain, more capacity to buy others, the analysts said. Travis Perkins’s management said it is “keen to undertake further deals,” they added.

“Howden Joinery must be on the wish list, and such a transaction would strategically work well, in our view, possibly with Howden Joinery branches being located within Travis Perkins yards,” Evolution said. “Both companies are U.K.-focused," and London-based Howden’s main business is kitchen products, while Travis has a "nascent position" in that market.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.