Travis Perkins shares rose 7.3% today after the builders merchant raised its profit forecast for 2021 to at least £300m.
The company posted a strong second quarter driven by the strength of domestic and commercial repairs, maintenance and improvement markets.
In today’s trading update, the company said: “The pace of the recovery has led to well documented challenges on both inflation and materials supply on a number of core products ranges. The Group’s supply chain and network capabilities mean that it is well placed to manage these challenging circumstances, working closely with both customers and suppliers. “