Back in the driving seat.
National merchant returns to FTSE
Published: 10 June, 2009
LEAMINGTON SPA: Demoted from the FTSE 100 at the last quarterly index reshuffle …
Wolseley could be back onboard later this week.
The national merchant was sent reeling by an unexpected cash call in Q1 with a £1bn rights issue launched prior to the FTSE reshuffle.
Now, with its debt restructured, and the housing market starting to pick up, the merchant’s shares have risen 57%.