Performance indicated in the trading update (10m to July) is in line with our expectations although we note that Grainger has been able to achieve a strong gross margin on vacant sales. The group is aiming to simplify through the sale of the German portfolio. CEO designate, Helen Gordon, will join the group a little earlier than planned although FD, Mark Greenwood, now plans to retire at the end of 2015. We hold a positive fundamental view that Grainger stands to create significant shareholder v ....
13 Aug 2015
In-line performance to July, strong vacant sales margin
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In-line performance to July, strong vacant sales margin
Grainger plc (GRI:LON) | 252 3.8 0.6% | Mkt Cap: 1,871m
- Published:
13 Aug 2015 -
Author:
Andrew Watson -
Pages:
3
Performance indicated in the trading update (10m to July) is in line with our expectations although we note that Grainger has been able to achieve a strong gross margin on vacant sales. The group is aiming to simplify through the sale of the German portfolio. CEO designate, Helen Gordon, will join the group a little earlier than planned although FD, Mark Greenwood, now plans to retire at the end of 2015. We hold a positive fundamental view that Grainger stands to create significant shareholder v ....