Travis Perkins halts sale of plumbing and heating unit
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A worker stacks timber at the Vauxhall depot of building material supplier Travis Perkins in London, Britain October 25, 2013. REUTERS/Neil Hall/File Photo
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Neil Hall(Reuters)
(Reuters) – Travis Perkins Plc <TPK.L>, Britain’s largest distributor of building materials, on Tuesday halted plans to sell its plumbing and heating division, citing “unprecedented level” of market uncertainty.
The owner of brands such as Wickes and Toolstation had said in December that it would sell the business as part of a push to simplify its structure, cut costs and focus on its trade businesses.
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Arun Koyyur)
