Wickes reports results
(Picture: Wickes )Wickes, the home improvement chain, raised some hope today that the rate of cost inflation in the building trade is showing signs of having peaked.
The 230-store chain said cheaper timber in the third quarter meant “there has been some moderation in the rate of retail price inflation” since the first half, as sales from its stores open for at least a year rose 2.6% in the 13 weeks to October 1, helping it leave full-year profit guidance steady at between £72 million to £82 million.
