Wolseley Chief Executive Chip Hornsby is stepping down and will be replaced by former Travelex CEO Ian Meakins. Hornsby's 3-year tenure at the British building supplies company was characterized by a 75% loss in share value. As an immediate result of the change in leadership, share values have surged 6%.Reuters reported:British building supplies company Wolseley Plc said on Tuesday that Chief Executive Chip Hornsby would step down with immediate effect, prompting a 6 percent surge in its...Read Full Story
The entire Leamington Spa site of Wolseley is now zero waste to direct landfill, after the Wolseley Center, National Distribution Center (NDC) and Sustainable Building Center (SBC) all reached industry-leading waste targets. Following a complete change in ...
LONDON (Reuters) - Plumbing and building supplies company Wolseley Plc reported a sharp drop in third-quarter sales in Europe on Tuesday, sending its shares down sharply despite a strong performance in its North American businesses. Wolseley's like-for ...
In the USA like-for-like revenue growth was 9.4% and most of the key businesses continued to take market share. While Repair, Maintenance and Improvement (RMI) markets were broadly flat, the modest recovery in new residential markets continued. The ...
(RTTNews.com) - Wolseley Plc's (WOSYY.PK, WOS.L, WOSCF.PK) shares fell some 3 percent Tuesday morning as the British plumbing and heating products distributor reported lower revenues for the third quarter amid weakness in Europe. Chief Executive ...
LONDON (SHARECAST) - UBS has lowered its price target for plumbers' merchant Wolseley from 2,650p to 2,500p following Tuesday's third-quarter statement, which showed deteriorating conditions in Europe. The broker said that the results for the three months ...
Economic ill winds in Europe have hit demand for construction and household repairs — and that is wounding Wolseley, the plumbing and heating supplies company. Related StoriesCouple land windfall from mobile appsMenswear firm offloads Moss Bros stakeVolex counts the cost as customer Apple goes greenTopps bears up despite economic strifeNo word yet on drachma job for De La Rue
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John Martin, Wolseley's chief financial officer, said the company expected business to turn around despite the political and economic uncertainty in the eurozone. He said: "We are urging caution on Europe but we think things will get better. We are not ...
John Martin, chief financial officer, said market share gains were the most important factor in the sales increase in the US, adding that the improved performance was broadly based across its businesses. Wolseley is most heavily involved in the US market ...
The plumbing and heating goods distributor was one of only three of the index’s constituents to fall after analysts warned of signs that sterling’s strength could erode profits during its busiest trading period in the fourth quarter. Wolseley reported ...