On 3 September 2019, the Board of Ferguson (LON:FERG) today announced its intention, subject to shareholder approval, to demerge its UK operations. This would result in Ferguson being wholly focused on its attractive North American markets. At the same time, the Board also announced that it was considering the most appropriate listing structure for the Group going forward. Following the …

Ferguson (LON:FERG) today announced the appointment of Simon Oakland as interim Chief Executive Officer of Wolseley UK. Simon replaces Mark Higson, who is stepping down to pursue an opportunity outside of the Company. Mark will leave the Company on 31 January 2020 to facilitate a handover and Ferguson has commenced a search for his permanent successor. The Board thanks him …

Ferguson (LON:FERG) has announced its trading update for the 3 months to 31 October 2019. First quarter highlights −          Ongoing revenue 5.3% ahead of last year including 6.2% in the USA. −          Continued tight cost control ensured good profit delivery. −          Underlying trading profit of $433 million was $20 million ahead of last year. −          Invested $62 million in acquisitions in Q1, healthy forward deal pipeline. …

Proposed demerger of Wolseley UK The Board of Ferguson plc (LON: FERG) today announced its intention to demerge its UK operations subject to shareholder approval. The decision marks the conclusion of a detailed review of the Group’s assets over several years. On completion of the transaction Wolseley UK will become an independent listed Company serving residential and commercial trades people …

Ferguson plc (LON: FERG) announced today that, in continuation of the share repurchase programme announced by the Company on 11 June 2019, it has instructed its broker J.P. Morgan Securities plc to purchase shares (acting as riskless principal) for immediate on-sale to the Company up to the value of US$419.8 million in aggregate, commencing from 8 July 2019. The value …

Ferguson plc (LON:FERG) announced today that Geoff Drabble has been appointed as a Non Executive Director and will succeed Gareth Davis as Chairman after the 2019 Annual General Meeting, subject to shareholder approval. Gareth will step down as a Director in January 2020 to ensure an orderly handover of responsibilities. Geoff joins Ferguson following a 12-year period as Chief Executive …

Ferguson Plc (LON:FERG), today announced results for the year ended 31 January 2019. $m     H1 2019   H1 2018   Change Change (at constant exchange rates) Organic change Statutory financial results Revenue 10,847 10,027 +8.2% Profit for the period attributable to shareholders 586 458 +27.9% Basic earnings per share 254.5c 183.3c Interim dividend per share 63.1c 57.4c +10.0% Alternative performance measures1 Ongoing …