The Business Journal of the Greater Triad Aera (Free subscription) | 09/23/2008
Stock Building Supply, one of Raleigh’s largest companies, could officially go on the sale block, its British parent said Monday.
The Telegraph (Free subscription) | 09/23/2008
A guide to company results and meetings and economic statistics. Analysts will be looking for figures on company debt and the outlook for 2009 when building materials company Wolseley announces its annual results writes Graham Ruddick.
Scotsman.com (Free subscription) | 09/23/2008
BUILDING supplies giant Wolseley reported a slump in full-year profits yesterday, but said it remained confident it would meet its banking covenants this year.
Times Online (Free subscription) | 09/23/2008
The chief executive of Wolseley said yesterday that there was “no end in sight” to the housing crisis in the United States after the building supplies group reported a 77 per cent fall in annual pre-tax profits.
The Independent (Free subscription) | 09/23/2008
Wolseley posted plummeting full-year profits yesterday, but its shares soared after the plumbing and building materials company vowed to remain within its banking covenants and take a further axe to costs.
The Telegraph (Free subscription) | 09/22/2008
Chip Hornsby chief executive of building materials company Wolseley says the worst of the property market slump may still be to come as his company posted a 77pc fall in profits.
The Telegraph (Free subscription) | 09/22/2008
The fact that construction products and materials supplier Wolseley saw its share price surge yesterday after revealing a 77pc fall in profits and warning of a potential breach in banking covenants shows just how much uncertainty there is in the market.
Forbes (Free subscription) | 09/22/2008
British builder beats earnings expectations but outlook remains dim.
Reuters UK (Free subscription) | 09/22/2008
LONDON (Reuters) - Shares in plumbing and heating materials distributor Wolseley climbed over 9 percent after it kicked off a review of its U.S. Stock Building Supply arm and pledged to stay within its banking covenants.
Forbes (Free subscription) | 09/22/2008
The rocky market took its toll on the British construction firm, which posted a 77.0% fall in profits.
The Independent (Free subscription) | 09/22/2008
The FTSE 100 was down 14.13 points at 5297.17 and the FTSE 250 was down 107.71 points at 8874.99at 12:12pm. Wolseley was the strongest on the benchmark index, up 10.93 per cent or 45.25p at 459.25p. The construction materials group, which has scrapped its final dividend in the face of diving profits, sent its shares rocketing after unveiling plans to restructure its business. “We have continued to...
Times Online (Free subscription) | 09/22/2008
Wolseley, the construction materials group, today revealed plans to cut a further 600 jobs from its workforce after annual pre-tax profit plunged by 77.1 per cent.
PR News Wire (Free subscription) | 09/22/2008
LONDON, September 22 /PRNewswire-FirstCall/ -- Wolseley, the world's largest plumbing and heating products supplier and a leading provider of construction materials, today announced Group operating profits sharply down at the year-end. These results reflect the significant deterioration over the last year in the business environment facing the Group's operations but, also, its ability to react swiftly...
Reuters UK (Free subscription) | 09/22/2008
LONDON (Reuters) - Plumbing and heating materials group Wolseley said it will make further job cuts in the coming months after reducing headcount by around 7,000 as the group looks to preserve cash and reduce debt.
Financial Time (Free subscription) | 09/22/2008
The world's largest plumbing supplier promised a review of some of its US operations but said it would remain within current banking covenants as it reported a sharp drop in annual profits
