Bank of England holds interest rates at 5.25% for sixth time in a row - what it means for YOUR mortgages and savings
No saving this popular family car: Ford confirms it will cull another of its best-selling petrol models next year to focus on EVs despite demand slump
Scottish Power says our energy meters are now too old - is this a ruse to force us to get a smart meter?
Our mortgage valuation says the house we're buying is worth £40,000 less: What should we do and can we appeal?
CRANE ON THE CASE: Air Mauritius lost my luggage and ruined my holiday but its compensation offer is terrible - what can I do?
Are you a Wetherspoon lover or hater? LEE BOYCE and SIMON LAMBERT have very different opinions on the pub giant that's flying high...
I want to invest £600 a year for my new baby, what is the best way to do it - and how much could it grow to?
Artificial grass can lead to increased flooding risk, major insurer warns - so should you ever get a plastic lawn?
BUSINESS CLOSE: FTSE 100 hits new record at 8,381; BoE holds base rate at 5.25%; ITV eyes advertising market recovery
We need more than a British Isa to move the dial on UK smaller companies, says fund manager ABBY GLENNIE
Blackstone set to acquire Hipgnosis Songs Fund after rival suitor Concord Music refuses to up £1.2bn offer
Avon Protection handed £38m gas mask contract by MoD after reported deployment of chemical agents in Ukraine
Watches of Switzerland buys Italy's Roberto Coin for £104m in bid to expand in the lucrative luxury jewellery market
BAE Systems tools-up for growth as US ups support for Ukraine and Britain plots defence spending boost
Get 5.6% interest with this quirky 365-day notice savings account that beats the top one-year fixed rates
Spring property bounce is a damp squib: Estate agents says rising mortgage rates keep buyers at bay
Zoning out: Why London renters are swapping Clapham and Camden for Abbey Wood and Forest Gate
JLR offers £150 a month towards the cost of insuring new Range Rover models to encourage sales after theft concerns
Ford boss says it may restrict petrol models in the UK to hit EV sales targets and avoid crippling fines
Used car sales hit a five-year high as fresh supply of second-hand motors enter the market and prices drop
Scottish Widows gave me access to a stranger's £40,000 pension - so could they get at my six-figure pot?
FCA's name and shame plan has the City running scared - that's why they SHOULDN'T ditch it: ALEX BRUMMER
How much would a rate cut save you? Use our interest rate rise or fall mortgage calculator
How do we stop our troubled child gambling away their inheritance? We can't just exclude one of our five children

Wolseley unit sale plan rumoured

By Daily Mail Reporter
Updated: 04:15 EDT, 1 June 2011

View
comments

Wolseley rose strongly on the Footsie amid market talk that the plumbing supplies firm has put three of its UK firms - Build Center, Electric Center and Encon - on the block.

The firm has been selling off units since it was hit by the slowdown in the housing market in the UK and the US, where the company has much of its business.

The stock closed up 67p at 2058p.

Wolseley will update the market today on third-quarter trading.

Analysts expect it to make annual profits of between £547m and £605m on sales of around £13.5bn.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.