Wolseley PLC (WOSYY.PK)
Heating and plumbing supplier Wolseley is changing its name to match its U.S. brand of Ferguson, a business that accounts for 84 percent of its trading profit, and is also pulling out of the Nordic region.
* Shares boosted by 25 percent rise in interim profit (Adds CEO comments, details, background, share movement)
* H1 revenue 8,461 million stg versus 6,795 million stg year ago
* Wolseley - Frank Roach has indicated his intention to retire as ceo of Ferguson Enterprises, Wolseley's US subsidiary, on 31 July 2017
March 28 Heating and plumbing products supplier Wolseley reported a 25 percent rise in first-half profit, as growth in the United States more than made up for tough trading conditions in the UK and the Nordics.
* Wolseley has signed an agreement to merge Tobler, its Swiss plumbing and heating business, with Walter Meier
LONDON The rising cost of raw materials is likely to be risk for European firms, Goldman Sachs said, adding that the impact of inflation and companies' pricing power were key themes emerging from the ongoing results season.
LONDON, Feb 3 The rising cost of raw materials is likely to be risk for European firms, Goldman Sachs said, adding that the impact of inflation and companies' pricing power were key themes emerging from the ongoing results season.
Heating and plumbing products supplier Wolseley forecast annual profit in line with expectations after posting a higher quarterly profit, banking on U.S. growth to continue offseting weakness in increasingly challenging UK and European markets.