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Wolseley swings to an annual loss

Source: BBC

London : United Kingdom | 2 months ago

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The company said that its pre-tax loss for the year to 31 July was £766m ($1.2bn), compared with a profit of £399m in the same period last year. The construction industry has been one of the hardest hit by the recession. "Market conditions will remain challenging driven by tight credit conditions,...

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News Source: Independent | 2 months ago

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News Source: The Scotsman | 2 months ago

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News Source: Guardian Unlimited | 2 months ago

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News Source: Xtra News | 2 months ago

Wolseley, the world's biggest distributor of plumbing and heating products, said on Monday that it fell into a net loss of 1.17 billion pounds during its last financial year and gave a cautious outlook. Wolseley said the loss, after tax, equivalent...
Huge losses at Wolseley

News Source: ITN | 2 months ago

Wolseley's £766 million pre-tax loss for the year to July 31 came after more than £1 billion in write-downs and restructuring costs, as the group desperately strips out costs. The company, which trades as Build Center and Plumb Center in the UK,...