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Ferguson Plc (FERG.L)

FERG.L on London Stock Exchange

5,408.00GBp
6:20am EDT
Change (% chg)

-10.00 (-0.18%)
Prev Close
5,418.00
Open
5,400.00
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5,456.00
Day's Low
5,386.00
Volume
71,497
Avg. Vol
554,021
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6,601.91
52-wk Low
4,594.00

Latest Key Developments (Source: Significant Developments)

Ferguson Sees FY Trading Profit To Be At Lower End Of Analysts' Expectation Range
Tuesday, 26 Mar 2019 03:00am EDT 

March 26 (Reuters) - Ferguson Plc ::RESULTS FOR THE HALF YEAR ENDED 31 JANUARY 2019.INTERIM DIVIDEND OF 63.1C UP 10.0%.EXPECT TRADING PROFIT FOR FULL YEAR TO BE TOWARDS LOWER END OF RANGE OF ANALYSTS' EXPECTATIONS.HY STATUTORY REVENUE OF $10,847 MILLION (2018: $10,027 MILLION).HY ONGOING REVENUE OF $10,666 MILLION (2018: $9,865 MILLION).HY ONGOING TRADING PROFIT $744 MILLION VERSUS $691 MILLION.DISPOSED OF DUTCH PLUMBING AND HEATING BUSINESS ON 30 JANUARY 2019 FOR CONSIDERATION OF $111 MILLION.HY STATUTORY PROFIT FOR PERIOD ATTRIBUTABLE TO SHAREHOLDERS $586 MILLION VERSUS $458 MILLION."GROWTH RATE HAS MODERATED RECENTLY IN LINE WITH CONDITIONS IN MARKETS".EXPECT TO GENERATE FURTHER REVENUE GROWTH IN SECOND HALF, HAVE REVISED ESTIMATES OF GROUP ORGANIC REVENUE GROWTH TO BETWEEN 3-5%.AFTER A STRONG REVENUE PERFORMANCE IN FIRST HALF OUR GROWTH RATE HAS MODERATED RECENTLY IN LINE WITH CONDITIONS IN OUR MARKETS.  Full Article

Ferguson Appoints Tom Schmitt Non Executive Director
Monday, 11 Feb 2019 04:00am EST 

Feb 11 (Reuters) - Ferguson Plc ::FERGUSON PLC - NON EXECUTIVE DIRECTOR APPOINTMENT.FERGUSON PLC - APPOINTMENT OF TOM SCHMITT TO BOARD AS A NON EXECUTIVE DIRECTOR EFFECTIVE FROM 11 FEBRUARY 2019.FERGUSON PLC - TOM WILL JOIN NOMINATIONS, REMUNERATION AND AUDIT COMMITTEES OF BOARD.  Full Article

Ferguson's FY Ongoing Trading Profit Rises To $1.51 Bln From $1.31 Bln
Tuesday, 2 Oct 2018 02:00am EDT 

Oct 2 (Reuters) - Ferguson Plc ::RESULTS FOR THE YEAR ENDED 31 JULY 2018.FY REVENUE $20,752 MILLION VERSUS $19,284 MILLION.FY ONGOING TRADING PROFIT $1,507 MILLION VERSUS $1,307 MILLION.INCURRED A TAX CHARGE OF $346 MILLION ON FY PROFIT BEFORE TAX OF $1,187 MILLION (2017: $1,423 MILLION).GOOD U.S. RESIDENTIAL AND COMMERCIAL MARKETS AND STRONG INDUSTRIAL MARKET IN FY.IN FY, UK TRADING PROFITS LOWER IN CHALLENGING MARKETS, RESTRUCTURING PROGRAMME CONTINUING.PROPOSED FINAL DIVIDEND OF 131.9 CENTS.IN FIRST EIGHT WEEKS OF OUR NEW FINANCIAL YEAR ORGANIC REVENUE GROWTH HAS BEEN BROADLY IN LINE WITH OVERALL GROWTH RATE LAST YEAR.SOLID TRADING PERFORMANCE IN CANADA IN FY.ORGANIC REVENUE GROWTH IN SEPTEMBER WAS SLIGHTLY LOWER THAN AUGUST.PAID SPECIAL DIVIDEND OF $4 PER SHARE AMOUNTING TO $974 MILLION IN JUNE 2018.AT 31 JULY 2018 THE GROUP'S NET PENSION POSITION WAS AN ASSET OF $174 MILLION (2017: NET LIABILITY OF $28 MILLION).  Full Article

Ferguson Says Lone Star Funds Received Clearance Competition Authorities To Buy Stark Group​
Thursday, 15 Mar 2018 03:00am EDT 

March 15 (Reuters) - Ferguson Plc ::FERGUSON PLC - COMPETITION CLEARANCE - DISPOSAL OF STARK GROUP.FERGUSON PLC - LONE STAR FUNDS HAS NOW RECEIVED APPROPRIATE CLEARANCE FROM RELEVANT COMPETITION AUTHORITIES TO ACQUIRE STARK GROUP​.FERGUSON PLC - ‍FERGUSON EXPECTS TRANSACTION TO COMPLETE AT END OF MARCH 2018.​.  Full Article

Ferguson Issues Statement On Impact of US Tax Reform Legislation
Monday, 15 Jan 2018 02:00am EST 

Jan 15 (Reuters) - Ferguson Plc ::‍NOTES ENACTMENT OF TAX CUTS AND JOBS ACT IN US​.GIVES RISE TO BENEFICIAL IMPACT ON GROUP'S AFTER TAX EARNINGS, PRINCIPALLY DUE TO REDUCTION OF US FEDERAL CORPORATE INCOME TAX RATE, EFFECTIVE JAN 1​.‍ESTIMATE GROUP EFFECTIVE TAX RATE OF APPROXIMATELY 25% FOR CURRENT FINANCIAL YEAR ENDING 31 JULY 2018, A REDUCTION FROM PREVIOUS GUIDANCE OF 28%​.‍ON AN ONGOING BASIS WE EXPECT GROUP'S EFFECTIVE TAX RATE TO BE IN RANGE 21% TO 22%​.  Full Article

Ferguson Plc announces disposal of Stark Group
Friday, 10 Nov 2017 02:44am EST 

Nov 10 (Reuters) - FERGUSON PLC ::DISPOSAL OF STARK GROUP.AGREEMENT TO SELL STARK GROUP, ITS NORDICS BUILDING MATERIALS DISTRIBUTION BUSINESS, TO AFFILIATE OF LONE STAR FUNDS, FOR EUR 1,025 MILLION ​.‍EXPECT TRANSACTION TO COMPLETE EARLY IN 2018​.  Full Article

Ferguson instructs brokers to commence 500 mln STG share buy-back from Oct 5
Wednesday, 4 Oct 2017 07:00am EDT 

Oct 4 (Reuters) - Ferguson Plc :INSTRUCTED BROKERS TO PURCHASE ITS SHARES FOR IMMEDIATE ON-SALE TO COMPANY UP TO VALUE OF £500 MILLION IN AGGREGATE, FROM 5 OCTOBER 2017​.  Full Article

Ferguson posts FY trading profit of 1.12 bln pounds
Tuesday, 3 Oct 2017 02:00am EDT 

Oct 3 (Reuters) - FERGUSON PLC ::INITIATING A £500 MILLION SHARE BUYBACK PROGRAMME WHICH WE EXPECT TO COMPLETE OVER NEXT 12 MONTHS​.FY TOTAL GROUP REVENUE OF £17,324 MILLION INCLUDING £2,100 MILLION FROM DISCONTINUED OPERATIONS.‍GROUP WILL CONTINUE TO TARGET NET DEBT IN RANGE OF 1X TO 2X EBITDA, CONSISTENT WITH INVESTMENT GRADE CREDIT METRICS​.FY TRADING PROFIT OF £1,122 MILLION INCLUDING £63 MILLION FROM DISCONTINUED OPERATIONS.FY ‍GROSS MARGIN OF ONGOING BUSINESSES WAS 28.9%, 0.4% AHEAD OF LAST YEAR​.PROPOSED FINAL DIVIDEND OF 73.33P, BRINGING THE TOTAL FOR THE YEAR TO 110P, 10% AHEAD OF LAST YEAR.‍NORDICS DISPOSAL PROGRESSING AS PLANNED​.  Full Article

Wolseley says name change to Ferguson Plc now effective
Monday, 31 Jul 2017 06:30am EDT 

July 31 (Reuters) - Wolseley Plc ::CHANGE OF NAME FROM WOLSELEY PLC TO FERGUSON PLC WAS REGISTERED AT JERSEY REGISTRY ON 31 JULY AND IS NOW EFFECTIVE.  Full Article

Wolseley Q3 trading profit rises
Tuesday, 20 Jun 2017 02:00am EDT 

June 20 (Reuters) - Wolseley Plc ::Q3 trading profit at ‍254​ million stg versus 232 million stg year ago.Q3 revenue of 4.27 billion stg versus 3.66 billion stg year ago.Net debt at April 30 of ‍1,132​ million stg.Q3 ‍gross margin of 28.5 pct was 0.1 pct ahead of last year.Name change to Ferguson Plc will become effective on 31 July 2017.Q3 like-for-like revenue in the UK was 0.4 pct lower than last year including inflation of 3 pct.In Q3, repairs, maintenance and improvement markets remained weak​.‍"Group expects trading profit for full year to be in line with current analyst consensus expectations" - CEO​.‍"Since end of period revenue growth has been broadly in line with Q3, gross margins and cost control have been good" - CEO​.  Full Article

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