Wolseley reports lower profit amid U.S. housing slump
Wolseley says the U.S. housing slump is partly to blame for its five-month profit decline. The plumbing and heating equipment wholesaler-distributor will continue to review its cost base, with the market expected to remain soft over the next few months, CEO Chip Hornsby said.
Bloomberg | 01/22
This story published in NAW SmartBrief on 01/29/2007
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