Training specialist secures funding for growth
Mixed picture for Travis Perkins
Travis Perkins plc, the distributor of building materials, has seen revenue decline in its half year results for the 6 months to 30 June 2025.
The Group delivered revenue of £2.3bn, down 2.1% versus the same period of 2024. This was driven by the Merchanting segment, with activity across the majority of end markets remaining subdued. Toolstation, however, delivered a robust revenue performance with further market share gains.
Adjusted operating profit of £63m was £20m lower than the first half of 2024. This was impacted by factors including an £18m decline in gross profit – primarily driven by lower trading volumes, greater promotional activity and one less trading day in the Merchanting businesses – and property profits being £2m lower than the prior year.
Pre-tax profits, however, increased to £37.1m from £26.6m.Chair Geoff Drabble said: “The first quarter was difficult with a continued trend of market share loss and revenue decline in Merchanting. However, I was encouraged by the response of the business to management actions to drive a more customer-focused approach. In the second quarter we delivered improved revenue performance and stabilised Merchanting market share and these trends have continued into July.
“We will build on this momentum in the second half as we deploy further system enhancements that put the difficult Oracle implementation behind us. The strong performance of Toolstation UK, which operates in similar markets to the Group’s other businesses, demonstrates our potential without internal distractions.
“Whilst the market outlook for the second half remains uncertain, the Board anticipates that the Group will deliver a full year result broadly in line with current market expectations.”
Only 10 days left to make nominations for the esteemed East Midlands Bricks Awards 2025
To enter the East Midlands Bricks Awards 2025, please click here, or on the category headings below.
Categories include:- Contractor of the Year
- Developer of the Year
- Architects of the Year
- Most Active Agent
- Deal of the Year
- Residential Development of the Year
- Sustainable Development of the Year
- Commercial Development of the Year
- Excellence in Design
- Responsible Business of the Year
- Overall Winner
Nominations will close on Friday 15th August.
Lee Parry, MD for Vistry East Midlands, which won Developer of the Year in 2024, shared: “It was a real honour to be given the title of Developer of the Year at the East Midlands Bricks Awards in 2024. These awards celebrate all that is good in property and construction across our region, and I’d encourage everyone to get involved to show how your business is making a difference in the sector.”Tickets can now be booked for the East Midlands Bricks Awards 2025, click here to secure yours.
Connect with local decision makers over nibbles and complimentary drinks while applauding the exceptional companies and projects in our region.
New for this year, all entrants will also have the opportunity to be featured on our dedicated nominee showcase on the East Midlands Business Link website, providing space for marketing your achievements.The East Midlands Bricks Awards 2025
What: The East Midlands Bricks Awards 2025 When: Thursday 2nd October (4.30pm – 7.30pm) Where: Derek Randall Suite, Trent Bridge Cricket Ground, Nottingham Keynote speaker: Councillor Nadine Peatfield – Leader of Derby City Council, Cabinet Member for City Centre, Regeneration, Strategy and Policy, and Deputy Mayor of the East Midlands Tickets: Available here Dress code: Standard business attire Thanks to our sponsors:
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East Midlands Airport launches new training academy to boost operational excellence
East Midlands Airport has unveiled a new state-of-the-art training academy, reinforcing its commitment to enhancing operations and service quality. Located adjacent to the airport’s main administrative building, the facility is designed to accommodate 68 learners at a time, with dedicated spaces for in-person and remote training.
The training academy is part of a £120m investment programme at the airport and features four training rooms, a remote learning space, and facilities for staff, including a new kitchen and rest area. The academy’s primary focus is on training airport staff in areas such as security, customer services, landside and airfield operations, with courses also available for partner organisations working at the airport.
The in-house training team runs refresher courses for existing employees as well as onboarding sessions for new recruits. Core modules include customer service training, security protocols, and the use of advanced equipment, such as the next-generation scanning systems in the airport’s updated security hall. These improvements enable passengers to keep electronics and liquids in their cabin bags during screening.
This move is part of the airport’s broader strategy to maintain top-tier service and safety standards, ensuring that both staff and passengers benefit from a seamless, efficient travel experience.
Pulse Clean Energy secures £220m financing for UK battery storage expansion
Pulse Clean Energy, a UK-based battery storage developer, has secured £220 million in debt financing to advance its energy storage infrastructure. The funding, provided by a consortium of six banks including Santander, NatWest, and ABN AMRO, will support the development of six new battery energy storage system (BESS) sites across the UK, in addition to continuing operations at seven existing locations.
The financing marks a significant milestone for the UK’s battery storage sector, with the deal structured in accordance with the Green Loan Principles. It reflects growing commercial confidence in energy storage solutions, as the UK looks to strengthen grid resilience and increase the integration of renewable energy.
Pulse Clean Energy plans to use the capital to develop sites in key locations such as Devon, Manchester, and Aberdeen, collectively adding 700MWh of capacity to the grid. These projects are expected to generate over £200 million in savings from reduced gas consumption and lower emissions for UK consumers.
The company’s portfolio includes several operational sites across Greater Manchester, South Wales, and Tyne & Wear, with all financed systems slated to be operational by the end of 2027. The investment will also contribute to the ongoing growth of Pulse Clean Energy’s presence within the UK’s energy network, transforming former fossil fuel sites into renewable energy assets.
Legal counsel for Pulse Clean Energy was provided by Eversheds Sutherland, with additional advisory support from Watson Farley & Williams, Chatham Financial, and other industry experts.


