Travis Perkins puts on hold sale of plumbing and heating unit
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(Reuters) - Travis Perkins Plc , owner of the Wickes and Toolstation brands, on Tuesday put on hold its plan to sell its plumbing and heating unit, citing "unprecedented level" of market uncertainty.Britain's largest distributor of building materials had in December decided to sell the business as part of a push to simplify its structure, cut costs and focus on its trade businesses.The company, however, said it would meet its cost reduction target for the year and that the demerger of its Wickes..