Investments and investor services
FTSE 100 closes lower as Brexit fears permeate markets
The UK's premier share index closed down around 30 points at 7,177
Company
Ferguson PLC
LON:FERG
We are the world’s leading specialist distributor of plumbing and heating products. We supply plumbing and heating products to professional contractors and consumers in the USA, UK, Nordics, Canada and Central Europe. We are listed in the UK on the London Stock exchange (LSE:FERG) and are a constituent of the FTSE100 index. Ferguson American Depository Receipts (ADRs) are traded on the highest tier Over-The-Counter market in the USA under the symbol FERGY.
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Brexit date arrives but March 29 to be a damp squib although parliamentary vote might not be
Aside from the latest instalment of the Brexit saga, the week ahead will bring updates from housebuilder Bellway, tobacco firm Imperial Brands, and soft drinks group Fevertree
Peel Hunt adjusts ratings in UK building materials and merchanting sector after cutting estimates, targets
Peel Hunt said it upgraded all ratings for Ferguson PLC, Keller Group PLC, and Volution Group PLC to ‘add’ from ‘hold’
Sterling slump: Who’s benefitting?
On Monday, fresh Brexit volatility pushed the pound to a yearly low against the dollar but despite the turmoil, some firms are profiting handsomely
Ferguson sees first quarter trading profit, revenue rise thanks to US growth, UK still weak
The FTSE 100-listed plumbing and heating products distributor saw its trading profit rise by 9.9% to US$432mln in the three months to 31 October 2018, up from US$393mln a year earlier
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FTSE 100 closes firmly lower as investors realise US/China trade dispute continues
The UK index of leading shares finished down over 39 points lower at 7,022.
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Ferguson and Greencore among highlights in Tuesday’s diary
The US economic outlook, the order book and restructuring will all be among the key points as Ferguson updates investors.
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Fashion firms and a housebuilder, plus US jobs data to provide interest in the first week of Advent
Ted Baker PLC and Joules PLC will fly the fashion flag, while Berkeley Group PLC will provide the mortar on a fairly quiet corporate diary at the start of December
FTSE 100 closes at session peak after strong rebound in tandem with US stocks
At the close, the UK blue chip index was 41.12 points higher at 7,004.10, the session peak, and well above the early low of 6,995.99
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Lloyds, Debenhams, WPP and ECB to dominate day-ahead's financial calendar
The day ahead includes third quarter trading updates from Lloyds and WPP along with full year results from Debenhams and the ECB's policy decision.
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Third-quarter updates from Barclays, Lloyds Banking Group, and RBS all due in coming week
Aside from the banking trio, updates are also due in the week ahead from the likes of WPP, Whitbread, International Airlines Group, Ryanair, Glencore and Antofagasta
Ferguson's share price is up with events, says Numis Securities
Tuesday's results were mostly positive but the share price has almost reached Numis's price target so it has abandoned its "add" recommendation
Investments and investor services
FTSE 100 closes higher midweek, but Tesco takes a hit
Mid-cap cousin FTSE 250 also closed in positive territory - up around 35 points to stand at 20,300
Ferguson hikes the dividend as US industrial growth drives profit uplift
The plumbing and heating products firm proposed a final dividend of 131.9 US cents, bringing the total dividend to 189.3 US cents, 21% ahead of last year
FTSE 100 finishes in negative territory; Royal Mail slumps - again
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
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Ferguson to report robust full year sales growth as US construction market booms
The day ahead includes full year earnings from Ferguson and Revolution Bars
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Jack’s store roll-out in focus as Tesco reports first half results
The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
Investments and investor services
Ferguson boast strong US growth as quarterly revenues rise
Later this month the plumbing products firm will pay out US$1bn to shareholders via a special dividend but there are seemingly positives in the ongoing business too
Investments and investor services
FTSE 100 closes in red for second day this week as Trump trade threats turn real
The market has been seeming complacent on Trump’s tough protectionist rhetoric..until now
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Blue chip updates from Ashtead and Ferguson unlikely to detract from England World Cup post-mortem
Aside from Ashtead and Ferguson, the Day Ahead includes updates from mid cap high street retailer Footasylum and Bonmarche, plus fixed lines provider Telecom Plus