Shares in Reliance Worldwide surged 10 per cent after the owner of plumbing and heating systems outlets issued a bumper sales upgrade triggered by COVID-induced lockdowns.
Reliance said sales are continuing to surge in its big northern hemisphere markets due to do-it-yourself repairs and renovations as people stay home during the pandemic.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com
