Advertisement
UK markets closed
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • CRUDE OIL

    83.11
    +1.76 (+2.16%)
     
  • GOLD FUTURES

    2,254.80
    +42.10 (+1.90%)
     
  • DOW

    39,807.37
    +47.29 (+0.12%)
     
  • Bitcoin GBP

    55,965.37
    +1,263.27 (+2.31%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,379.46
    -20.06 (-0.12%)
     
  • UK FTSE All Share

    4,338.05
    +12.12 (+0.28%)
     

BUZZ-Wolseley: brighter outlook gives stock a bump

Wolselely the busiest FTSE 100 stock out of the gates on Tuesday morning (Frankfurt: TDM.F - news) with nearly a third of a day's average volume traded in the first 15 minutes.

** Company sees revenue growing 4-6% in next 6 months.

** US & Nordics offsetting weaker revenue elsewhere, gross margin expands.

** Relatively bright outlook could stem cuts in analyst forecasts for the company that have pressured the stock lower.

** According to StarMine 5 of 21 analysts have cut EPS estimates for next year by an average 7.2% over the past week. (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)