Edition:
United States

Ferguson Plc (FERG.L)

FERG.L on London Stock Exchange

5,325.00GBp
20 Nov 2017
Change (% chg)

60.00 (+1.14%)
Prev Close
5,265.00
Open
5,255.00
Day's High
5,355.00
Day's Low
5,245.00
Volume
524,550
Avg. Vol
836,970
52-wk High
5,425.00
52-wk Low
4,427.00

Latest Key Developments (Source: Significant Developments)

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

Wolseley says Kevin Murphy will succeed Frank Roach as CEO of Ferguson Enterprises
Tuesday, 28 Mar 2017 02:00am EDT 

Wolseley Plc : Wolseley announces us ceo succession . Wolseley - Frank Roach has indicated his intention to retire as ceo of Ferguson Enterprises, Wolseley's US subsidiary, on 31 July 2017 . Kevin Murphy will succeed frank as ceo of Ferguson Enterprises on 1 August 2017 .Kevin will report to wolseley group chief executive John Martin and will join board as an executive director on 1 august 2017.  Full Article

Wolseley posts HY trading profit of 515 million pounds
Tuesday, 28 Mar 2017 02:00am EDT 

Wolseley Plc : Results for the half year ended 31 January 2017 . Interim dividend up 10.2 percent to 36.67 pence per share . H1 revenue 8,461 million stg versus 6,795 million stg year ago . HY trading profit 515 million stg versus 412 million stg year ago . HY US revenue growth of 9.9% at constant exchange rates. . In US, residential and commercial markets remained good and industrial markets improved but were still negative - ceo . UK transformation programme has started well, making good progress clarifying our customer propositions, simplifying our logistics network . Concluded our review of nordic operating strategy and identified a clear and executable plan to return business to profitable growth . Whilst group will be known as ferguson plc going forward we will continue to use wolseley name in uk and canada . Like-For-Like revenue growth since end of period has been about 4.5 per cent for group and 5.5 per cent in USA .Expect group to make further progress in second half.  Full Article

BBA Aviation says David Crook to succeed Mike Powell as group finance director
Wednesday, 1 Mar 2017 02:00am EST 

Bba Aviation : David Crook to succeed Mike Powell as group finance director . Mike Powell, group finance director, has resigned in order to take up role of Chief Financial Officer of Wolseley PLC . Powell will be leaving group on 31 st may 2017 .David Crook, currently group financial controller, to position of finance director with effect from 1st June 2017.  Full Article

Wolseley to merge Swiss plumbing, heating unit with Walter Meier AG
Tuesday, 21 Feb 2017 02:00am EST 

Wolseley Plc : Proposed merger of Tobler with Walter Meier . Wolseley has signed an agreement to merge Tobler, its Swiss plumbing and heating business, with Walter Meier .If it is completed, Wolseley expects to receive cash consideration of CHF117.8 million and a 39.2 pct minority holding.  Full Article

Wolseley first-quarter profit rises
Tuesday, 6 Dec 2016 02:00am EST 

Wolseley Plc : Q1 interim management statement . Revenue 5.2 pct ahead of last year at constant exchange rates, including like-for-like growth of 1.8 pct . Gross margin of 28.3 pct was 0.3 pct ahead of last year . Trading profit of 303 million stg was 1.4 pct ahead of last year at constant exchange rates . Like-for-like revenue in UK was 2.9 pct lower than last year . Like-for-like revenue growth since end of quarter has been in line with Q1 results . Four acquisitions completed in quarter, and one since quarter end, for total consideration of 216 million stg . Our other markets were more challenging as UK heating market was weak and Nordic construction markets deteriorated .Expect group trading profit to be in line with analyst expectations at current exchange rates.  Full Article