RE: Bargain4 Jan 2019 16:42
OK I know why now. Plumbing and heating products distributor Ferguson reported a 9.9% rise in first quarter trading profit to $432m as North American operations offset a fall in the UK. US operations reported organic growth of 9.6% in supportive markets, said chief executive John Martin
“Growth in the US was widespread across all geographic regions and major business units. Canada continued to grow against tough prior year comparatives and the UK also grew modestly on a like-for-like basis,” he said.
"Since the end of the quarter, the US has continued to grow well and the current indications are that growth will continue in the months ahead. As a result, we expect trading profit for the full year to be in line with analysts' expectations.”
All good stuff. I'll wait for 5300.