Ferguson Share News (FERG)

US new home sales rebound unexpectedly in January

(Sharecast News) - New home selling activity in the US picked up at the start of 2023, but some economists believed the burst of activity would prove short-lived.

US existing home sales fall for a twelfth month in a row in January

(Sharecast News) - Home selling activity in the US slowed for a twelfth straight month at the start of 2023.

LONDON BROKER RATINGS: Goldman Sachs cuts Standard Chartered

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

Mixed November US home price data

(Sharecast News) - US home prices slipped in November but the data were a bit mixed.

US housing starts and permits slip in December

(Sharecast News) - Builders in the US broke ground on fewer homes in December, roughly as expected.

US homebuilder confidence may have hit bottom in December, NAHB says

(Sharecast News) - Homebuilder confidence in the US may have hit bottom at the end of the previous year thanks to a "modest" decline in interest rates, a leading business lobby group said.

IN BRIEF: Ferguson taps JP Morgan for USD145 million share buyback

Ferguson PLC - Wokingham, England-based, US-focused plumbing and heating products supplier operated from Newport News, Virginia - Appoints JP Morgan Securities to conduct the next tranche of its USD2.5 billion share buyback. JP Morgan will buy back up to USD145 million in shares over a period starting from Monday and ending no later than March 20. Shareholders back in November approved Ferguson buying back up to 20.8 million shares, currently worth GBP2.36 billion, to reduce the capital of the company.

LONDON BROKER RATINGS: Citi cuts Frontier Developments; BofA ups Sage

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

US existing home sales fall by more than anticipated in November

(Sharecast News) - Existing home sales in the US slowed more than expected last month.

LONDON BROKER RATINGS: JPMorgan cuts Marks & Spencer to 'underweight'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

LONDON MARKET CLOSE: Strong US services reading unnerves investors

(Alliance News) - European equities declined on Tuesday, with a bullish reading of the US services sector at the start of the week knocking investor confidence and possibly muddying the picture for the US Federal Reserve.

TOP NEWS: Ferguson has strong quarter on organic growth, acquisitions

(Alliance News) - Ferguson PLC on Tuesday said that it is well positioned for organic growth, after seeing both profit and sales rise in the first quarter of its new financial year.

LONDON BROKER RATINGS: Jefferies cuts Persimmon; BoA cuts GSK

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Ferguson expands HVAC business with Airefco acquisition

(Alliance News) - Ferguson PLC on Friday said the acquisition of Airefco Inc, a distributor of heating, ventilation, and air conditioning equipment, parts and supplies in the Pacific Northwest.

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