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19 May 2021 | 07:41am StockMarketWire.com - Plumbing company Ferguson raised its annual outlook after reporting a sharp rise in third-quarter trading profit as revenue was boosting by rising prices amid strong US demand. Given the better than expected Q3 results, we are revising our outlook for FY2021 upwards as we expect to continue to outperform strong end markets in Q4, the company said. Based on our latest view of the operating environment we expect to generate Group trading profit in FY2021 (including the impact of IFRS 16) in the range of $2,000 million to $2,100 million, it added. For the three months ended 30 April, trading profit grew 65.4% to $579 million as revenue increased 24.5% to $5.92 billion. ....
16 March 2021 | 16:36pm StockMarketWire.com - The FTSE 100 enjoyed a positive day on Tuesday to finish just above 6,800 up 0.8% by the close. News that European Medicines Energy believes the benefits of the AstraZeneca vaccine outweigh any risks after several European countries suspended its use helped sentiment. AstraZeneca shares were up 3.5% to £72.20. The company agreed to supply 500,000 additional doses of its Covid-19 vaccine to the US. AstraZeneca also announced that it had sold its 26.7% stake in Viela Bio, owing to Horizon Therapeutics s acquisition of Viela, for cash proceeds and profit of about $775 million. The S&P 500 was flat by 4.30pm UK time with tomorrow s meeting of the US Federal Reserve and any potential signal on the pace and direction of interest rates in focus. ....
8 March 2021 | 08:35am StockMarketWire.com - Plumbing company Ferguson said its US listing on the New York Stock Exchange would commence on 8 March. Ferguson would retain its premium listing on the London Stock Exchange and inclusion in the FTSE 100 index, and its ordinary shares would trade on both exchanges under the ticker symbol: FERG. The additional US listing is an important milestone and as previously announced, after a period of transition the Board intends to hold a shareholder vote on a proposal to change the primary listing to the US, the company said. At 8:35am: [LON:FERG] Ferguson PLC share price was 0p at 7992p ....