Edition:
United Kingdom

Ferguson PLC (FERG.L)

FERG.L on London Stock Exchange

5,888.00GBp
19 Jul 2019
Change (% chg)

84.00 (+1.45%)
Prev Close
5,804.00
Open
5,820.00
Day's High
5,888.00
Day's Low
5,818.00
Volume
305,769
Avg. Vol
666,464
52-wk High
6,601.91
52-wk Low
4,594.00

Latest Key Developments (Source: Significant Developments)

Ferguson Buy-Back Exceeds $500 Mln
Monday, 8 Jul 2019 

July 8 (Reuters) - Ferguson PLC ::FERGUSON PLC - SHARE BUY-BACK PROGRAMME.FERGUSON - VALUE OF SHARES REPURCHASED PURSUANT TO ITS ARRANGEMENTS WITH BOTH BARCLAYS AND JPMS PLC WILL NOT, IN AGGREGATE, EXCEED US$500 MILLION.FERGUSON - INSTRUCTED BROKER J.P. MORGAN SECURITIES TO PURCHASE SHARES FOR IMMEDIATE ON-SALE TO COMPANY UP TO VALUE OF US$419.8 MILLION IN AGGREGATE.FERGUSON PLC - PURPOSE OF PROGRAMME IS TO REDUCE CAPITAL OF FERGUSON PLC.  Full Article

Ferguson To Buy Back $500 Mln Shares, Sees 2019 Profit In Line With Analysts' Forecasts
Monday, 10 Jun 2019 

June 10 (Reuters) - Ferguson PLC ::RESULTS FOR THE 3 MONTHS ENDED 30 APRIL 2019.Q3 ONGOING TRADING PROFIT OF $359 MILLION WAS $8 MILLION AHEAD OF LAST YEAR.SHARE BUY BACK OF $500 MILLION ANNOUNCED TODAY.EXPECT TO GENERATE ONGOING GROUP TRADING PROFIT IN YEAR ENDED 31 JULY 2019 IN LINE WITH CURRENT ANALYSTS' CONSENSUS FORECASTS.INITIATING A $500 MILLION SHARE BUY BACK PROGRAMME WHICH CO EXPECT TO COMPLETE OVER NEXT 12 MONTHS.REVENUE IN QUARTER WAS $5,274 MILLION, 6.2% AHEAD OF LAST YEAR.Q3 GROSS MARGINS CONTINUED TO IMPROVE, UP 20 BASIS POINTS TO 29.5% AND OPERATING COSTS WERE WELL CONTROLLED.ANALYSTS' CONSENSUS FOR 2019 TRADING PROFIT ON COMPANY'S WEBSITE IS AN AVERAGE OF $1,585 MILLION (RANGING FROM $1,570 MILLION TO $1,597 MILLION).Q3 US BUSINESS GREW REVENUE 3.3%.IN LINE WITH GUIDANCE AT HALF YEAR, OVERALL U.S. MARKET ENVIRONMENT MODERATED TO LOW GROWTH AND WE CONTINUED TO GAIN MARKET SHARE.ORDERBOOKS IN U.S. CONTINUED TO GROW YEAR-ON YEAR SUGGESTING MODEST GROWTH OVER COMING MONTHS.Q3 IN CANADA ORGANIC REVENUE DECLINED 2.9%.FERGUSON PLC - NET DEBT AT 30 APRIL 2019 OF $1,588 MILLION (30 APRIL 2018: $1,582 MILLION).  Full Article

Ferguson Plc Q3 Ongoing Trading Profit up 17.1 pct
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Ferguson Plc ::THIRD QUARTER RESULTS.FERGUSON PLC - QTRLY REVENUE OF 5,080 MILLION STG VERSUS 4,610 MILLION STG AS REPORTED A YEAR AGO.FERGUSON PLC - QTRLY ONGOING TRADING PROFIT OF $356 MLN WAS 17.1% AHEAD OF LAST YEAR.FERGUSON PLC - Q4 HAS STARTED WELL WITH ORGANIC REVENUE GROWTH IN LINE WITH Q3..FERGUSON PLC - GIVEN Q3 OUTTURN, GROUP IS WELL POSITIONED FOR A SUCCESSFUL OUTCOME FOR YEAR.  Full Article

Ferguson ‍Completes Disposal Of Nordics Building Materials Business To Lone Star Funds​
Thursday, 29 Mar 2018 

March 29 (Reuters) - Ferguson Plc ::‍COMPLETION OF TRANSACTION TO DISPOSE OF STARK GROUP, ITS NORDICS BUILDING MATERIALS BUSINESS, TO LONE STAR FUNDS​.  Full Article

Ferguson Says H1 Revenue Of $10 Bln, 9 pct higher
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Ferguson Plc ::HALF-YEARLY ONGOING REVENUE 10.3% AHEAD OF LAST YEAR INCLUDING ORGANIC GROWTH OF 7.4%..H1 REVENUE OF $10,027 MILLION (2017: $9,090 MILLION) WAS 9.0% AHEAD AT CONSTANT EXCHANGE RATES.AN INTERIM DIVIDEND OF 57.4 CENTS PER SHARE (2017: 52.1 CENTS PER SHARE), AN INCREASE OF 10%, WILL BE PAID ON 27 APRIL 2018.BOARD IS PROPOSING A SPECIAL DIVIDEND AND SHARE CONSOLIDATION OF $4 PER SHARE, EQUIVALENT TO APPROXIMATELY $1 BILLION..GROUP ORGANIC REVENUE GROWTH SINCE END OF JAN HAS CONTINUED IN LINE WITH GROWTH IN Q2, THOUGH COMPARATORS GET PROGRESSIVELY TOUGHER IN H2.  Full Article

Ferguson Issues Statement On Impact of US Tax Reform Legislation
Monday, 15 Jan 2018 

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 

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

Photo

Elliott outspends rivals as corporate activism turns to Germany

FRANKFURT/BOSTON Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies.