Hints and tips:
...CRH’s decision echoes that of Ferguson, the plumbing and heating supplier formerly known as Wolseley, which last year moved its primary listing to the US....
...Ferguson, the plumbing and heating merchant, announced a $400m special dividend post the recent disposal of its UK business and launched a share buyback for the same amount....
...Mr Hall will be replaced on March 6 by Roddy Murray, who joins Pace from BSS Group, the plumbing and heating company that was bought by Travis Perkins....
...HSBC highlighted US trade data showing a decline in plumbing and heating sales in January, while CA Cheuvreux turned cautious on valuation grounds ahead of interim results next week....
...However, it acquired more clients including, in recent weeks, Wolseley, the heating and plumbing supplier, and Rexam, the packaging group, winning the mandates from UBS and Citigroup respectively....
...Wolseley, the troubled distributor of plumbing and heating products, was among the big gainers yesterday, closing 14.8 per cent higher....
...Wolseley, the world’s largest distributor of plumbing and heating products, said it would no longer pay its final dividend, saving £150m, as a downturn in key markets cut pre-tax profits by 35 per cent....
...Wolseley shed 1.3 per cent to £11.59 after the world’s largest supplier of plumbing and heating goods fell to profit-taking after another firm set of results....
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