Ferguson closed its FY19/20 books (ending in July 2020) on a good note, as its trading/operating profit outpaced the resilient top-line, on the back of a healthy US performance and several temporary and permanent cost-cutting measures across the group. Moreover, management has announced it is to pay the full-year dividend (including the previously suspended interim instalment) and resume M&As. Also, while the de-merging process of the UK business carries on, the board is also now explorin
30 Sep 2020
Resilient Ferguson resumes M&A and dividend payment
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Resilient Ferguson resumes M&A and dividend payment
Ferguson Plc (FERG:LON) | 16,950 -28815 (-1.0%) | Mkt Cap: 34,377m
- Published:
30 Sep 2020 -
Author:
Mohit Rathi -
Pages:
3
Ferguson closed its FY19/20 books (ending in July 2020) on a good note, as its trading/operating profit outpaced the resilient top-line, on the back of a healthy US performance and several temporary and permanent cost-cutting measures across the group. Moreover, management has announced it is to pay the full-year dividend (including the previously suspended interim instalment) and resume M&As. Also, while the de-merging process of the UK business carries on, the board is also now explorin