Travis Perkins - no big shocks expected in Thursday's results

Travis Perkins (TP) kicks off the annual results on Thursday and the steady share price of 383p suggests that the City doesn’t expect any major shocks.

In a trading update in December TP sais that trading was in line with expectations.

The Financial Times today quotes stockbroker Morgan Stanley as saying: “While we don’t expect a big miss on 2008 numbers we do see significant risk to 2009 consensus estimates.

“In addition, the results are likely to reignite the debate over the balance sheet, without a long-term solution being finalised.”