As the COVID-19 pandemic is currently hitting Ferguson’s operations hard, management has initiated numerous cost-cutting and cash-preserving actions. These measures, clubbed together with adequate liquidity on its books, will help the group to sail through the crisis, but a weak trading performance in H2 FY19/20 (February to July 2020) is inevitable.

15 Apr 2020
Amidst COVID-19, Ferguson pauses M&A and share repurchase programmes

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Amidst COVID-19, Ferguson pauses M&A and share repurchase programmes
Ferguson Enterprises Inc. (FERG:LON) | 16,080 20904 0.8% | Mkt Cap: 31,707m
- Published:
15 Apr 2020 -
Author:
Mohit Rathi -
Pages:
3 -
As the COVID-19 pandemic is currently hitting Ferguson’s operations hard, management has initiated numerous cost-cutting and cash-preserving actions. These measures, clubbed together with adequate liquidity on its books, will help the group to sail through the crisis, but a weak trading performance in H2 FY19/20 (February to July 2020) is inevitable.