News Tag: badly hit
November 18, 2009
Wolseley, which is the world’s largest supplier of plumbing and heating equipment, today reported a 45% fall in underlying profits in the three months to the end of October.
The company has been badly hit by the housing market downturn and warned that its struggles continue after revenue slumped 13% to £3.4 billion in the three month period.
The plumbers’ merchant ...
Wolseley continues to struggle as profits slump
by Kay Murchie
