Edition:
United Kingdom

Ferguson PLC (FERG.L)

FERG.L on London Stock Exchange

6,108.00GBp
4:25pm BST
Change (% chg)

-82.00 (-1.32%)
Prev Close
6,190.00
Open
6,132.00
Day's High
6,170.00
Day's Low
6,092.00
Volume
505,671
Avg. Vol
609,238
52-wk High
6,601.91
52-wk Low
4,594.00

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Tue, Sep 3 2019

Ferguson to split off UK arm, new CEO to focus on U.S.

Plumbing parts distributor Ferguson Plc named the head of its U.S. business as its new chief executive on Tuesday and said it would separate off its UK operations to focus squarely on its largest market in the United States.

UPDATE 2-Ferguson to split off UK arm, new CEO to focus on U.S.

* Shares rise as much as 3.7% to highest in almost a year (Adds shares, analyst comments, context on performance)

Ferguson to separate UK operations, CEO Martin to step down

Sept 3 British plumbing products company Ferguson Plc on Tuesday revealed plans to separate its UK operations and said Chief Executive Officer John Martin will step down in November this year.

Activist Peltz's Trian urges Ferguson to sell UK business - Sky News

Nelson Peltz's Trian Fund Management LP has urged Ferguson Plc to sell its UK business, Sky News reported on Sunday, a month after the activist fund built up a 6% stake in the plumbing products distributor.

Activist Peltz's Trian urges Ferguson to sell UK business: Sky News

Nelson Peltz's Trian Fund Management LP has urged Ferguson Plc to sell its UK business, Sky News reported on Sunday, a month after the activist fund built up a 6% stake in the plumbing products distributor.

UPDATE 1-Activist Peltz's Trian urges Ferguson to sell UK business - Sky News

July 28 Nelson Peltz's Trian Fund Management LP has urged Ferguson Plc to sell its UK business, Sky News reported on Sunday, a month after the activist fund built up a 6% stake in the plumbing products distributor.

Activist Peltz's Trian urges Ferguson to sell UK business - Sky News

July 28 Nelson Peltz's Trian Fund Management LP has urged Ferguson Plc to sell its UK business, Sky News reported on Sunday, a month after the activist fund built up a 6% stake in the plumbing products distributor.

Ferguson surges as activist fund Trian takes 6% stake

Activist fund Trian Fund Management LP said it has built up a 6% stake in Ferguson Plc, disclosing the investment days after the British plumbing products company reported disappointing results and slowing growth in its biggest market.

UPDATE 2-Ferguson surges as activist fund Trian takes 6% stake

* Trian has been in talks with co's management (Adds background, details)

Peltz's Trian picks up 6% stake in Britain's Ferguson

Nelson Peltz's Trian Fund Management LP has acquired a stake of about 6% in Ferguson Plc, calling the British plumbing products distributor an "attractive" investment that trades at a discount to peers in the United States.

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