Edition:
United Kingdom

Ferguson Plc (FERG.L)

FERG.L on London Stock Exchange

5,170.00GBp
19 Feb 2018
Change (% chg)

-46.00 (-0.88%)
Prev Close
5,216.00
Open
5,228.00
Day's High
5,228.00
Day's Low
5,158.00
Volume
285,387
Avg. Vol
834,958
52-wk High
5,722.00
52-wk Low
4,427.00

Latest Key Developments (Source: Significant Developments)

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

Wolseley to close 80 branches, one distribution centre in UK
Tuesday, 27 Sep 2016 

Wolseley Plc : Final dividend 66.72 penceper share . Total dividend 100 penceper share . FY revenue 4.2 pct ahead of last year at constant exchange rates, including like-for-like growth of 2.4 pct . Gross margin of 28.3 pct, 0.3 pct ahead of last year . Demand across our markets remains mixed, with some uncertainty in economic outlook . Expect to incur restructuring charges of about 100 mln stg of which 70 mln stg is cash . Closure of around 80 branches and one distribution centre in the UK unit is expected to lead to up to 800 job losses . Like-For-Like revenue growth in new financial year has been 1.5 per cent for group and 4.5 per cent in U.S. . Changes in foreign exchange rates increased revenue by 552 mln stg, trading profit by 46 mln stg and net debt by 149 mln stg . Net debt of 936 mln stg (2015: 805 mln stg) after 538 mln stg of dividends and share buybacks . Record trading profit of 917 mln stg . Demand across our markets remains mixed, with some uncertainty in economic outlook - CEO . Confident that Wolseley will make further progress in year ahead . Are confident that Wolseley will make further progress in year ahead - CEO .Transformation will take two to three years and is expected to generate 25 mln stg to 30 mln stg of annualised cost savings when complete.  Full Article

EU mergers and takeovers (Feb 16)

BRUSSELS, Feb 16 The following are mergers under review by the European Commission and a brief guide to the EU merger process: