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 Plc (FERG:LON) | 17,348 0 0.0% | Mkt Cap: 35,183m
- 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.