|Bid||0.00 x 3000|
|Ask||0.00 x 22800|
|Day's Range||4,521.00 - 4,578.00|
|52 Week Range||4,521.00 - 4,578.00|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Pension Insurance Corporation said on Monday it had agreed a pension insurance deal with the trustees of the Wolseley Group Retirement Benefits Plan for a premium of around 600 million pounds. Wolseley UK is the operating subsidiary of Ferguson (FERG.L). "Over the past couple of years we have matched an increasing amount of our assets and liabilities and this strategy has now allowed us to take advantage of market conditions and fully insure these liabilities," David Illingworth, chairman of trustees of the pension scheme, said.
Ferguson plc (LSE:FERG) is trading with a trailing P/E of 27.4x, which is higher than the industry average of 16.4x. While FERG might seem like a stock to avoid orRead More...
Heating and plumbing products supplier Wolseley forecast full-year trading profit in line with consensus, but its shares fell as much as 4.5 percent on Tuesday as higher costs dragged down margins in its largest market, the United States. Wolseley, which is set to change its name next month to match its U.S. brand Ferguson, said margins in the business fell 90 basis points to 8.5 percent over the three months ended April 30.
Euro zone shares rose on Tuesday, bolstered by another day of gains for tech and retail sectors, while gains on Britain's top indices were weighed down by a few dour corporate updates. Euro zone blue chips rose 0.4 percent while the broader regional index was up 0.3 percent. In the UK, gains on the FTSE 100, the worst performing major benchmark in Europe this year, were held in check by weakness in Wolseley and BT.