Ferguson PLC (FERG.L)

FERG.L on London Stock Exchange

19 Jul 2019
Change (% chg)

84.00 (+1.45%)
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Thu, Jun 13 2019


Ferguson surges as activist fund Trian takes 6% stake

Activist fund Trian Fund Management LP said it has built up a 6% stake in Ferguson Plc, disclosing the investment days after the British plumbing products company reported disappointing results and slowing growth in its biggest market.

UPDATE 2-Ferguson surges as activist fund Trian takes 6% stake

* Trian has been in talks with co's management (Adds background, details)

Peltz's Trian picks up 6% stake in Britain's Ferguson

June 13 Nelson Peltz's Trian Fund Management LP has acquired a stake of about 6% in plumbing products distributor Ferguson Plc, calling the British company an "attractive" investment that trades at a discount to peers in the United States.

BUZZ-Street View: Ferguson under pressure as U.S. slowdown weighs

** Shares of British plumbing products distributor Ferguson Plc fell 6.2% to 5016p, slipping to the bottom of the blue-chip index

BUZZ-Ferguson: Hits FTSE bottom after Q3 revenue miss

** Shares of Ferguson Plc, the world's largest supplier of heating and plumbing equipment, fall 4% to hit bottom of FTSE blue-chip index

UPDATE 1-Ferguson's third-quarter revenue misses estimates on slowing US growth

June 10 British plumbing products distributor Ferguson Plc's on Monday reported third-quarter revenue that fell short of estimates as growth slowed in the United States, its largest market.

Ferguson appoints former Ashtead boss Geoff Drabble as chairman

May 22 British plumbing products distributor Ferguson Plc on Wednesday appointed Geoff Drabble as chairman to succeed Gareth Davis, who has held the role for almost nine years.

UPDATE 2-Ferguson sees US slowdown pushing profits to low end of expectations

* Shares fall over 9 pct (Adds details, shares, price target cut,)

Ferguson half-year profit grows, sees FY at lower end of view

March 26 Ferguson Plc's half-year ongoing trading profit rose about 7.7 percent and the company said on Tuesday it expected trading profit for the year to be towards the lower end of analyst expectations.

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