|Bid||57.221 x 10000|
|Ask||61.226 x 10000|
|Day's range||57.526 - 57.526|
|52-week range||45.427 - 59.954|
|PE ratio (TTM)||18.68|
|Forward Dividend & Yield||1.32 (2.12%)|
|1y target est||N/A|
Oct (Shenzhen: 000069.SZ - news) 3 (Reuters) - Heating and plumbing products supplier Ferguson reported a near 25 percent rise in full-year trading profit from ongoing business, as a strong U.S. performance offset weak British growth. The group, which changed its name from Wolseley (Frankfurt: A1W7PR - news) this year, said trading profit from ongoing business rose to 1.03 billion pounds ($1.36 billion) in the year to July 31, from 827 million pounds a year earlier. The company has increasingly banked on growth in its U.S. business to drive results, against challenging market conditions in the UK and parts of Europe, which has prompted a planned exit from the Nordic region.
** Plumbing & heating supplier Ferguson, formerly Wolseley, up 2 pct, near top of FTSE 100 ** Citi upgrades co to "buy" saying upcoming FY results likely to be key catalyst for stock and will ...
** Wolseley down 1.9 pct, bottom of FTSE 100 in volume, having earlier hit 6-month low ** Q3 LFL revenue growth 6.6%, in US +8.5% ** Group expects FY trading profit in line with analyst consensus expectations ...
Heating and plumbing supplier Wolseley (EUREX: WLYH.EX - news) 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. Chief Executive John Martin said Wolseley (Frankfurt: A1W7PR - news) , which started life in 1887 manufacturing machine tools and was involved in early motor car production, would keep its main market listing in London where it is a constituent of the FTSE 100 index.
Heating and plumbing products supplier Wolseley (Frankfurt: A1W7PR - news) 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. The company plans to change its name to Ferguson Plc, subject to shareholder approval, its top brand in its largest market, the United States, where it makes about 84 percent of its profit. Revenue rose 24.5 percent to 8.461 billion pounds, while like-for-like revenue grew 3.2 percent year-on-year, and Wolseley said like-for-like revenue had grown about 4.5 percent since the end of the period.
The head of British building materials suppler SIG (Frankfurt: 888153 - news) is stepping down after the company said it would miss 2016 profit forecasts due to weak demand, tougher competition and delays to some projects after Britain's vote to leave the European Union. The company forecast underlying pretax profit of 75-80 million pounds ($94.3-$100.5 million) for 2016, below analysts' average forecast of 91.5 million, according to Thomson Reuters (Dusseldorf: TOC.DU - news) I/B/E/S, and comparable 2015 profit of 87.4 million.