Travis Perkins up 4% as current trading reassures

  • Travis Perkins (LSE:TPK) shares rose almost 4% in the first hour of trading on Tuesday after the building materials supplier reported resilient first-quarter trading despite a tough market backdrop. Group revenue fell 2.1% on a like-for-like basis for the three months to 31 March, as the Merchanting division saw volumes slip and pricing stabilise.