Wolseley's shares rise 2%

Published:  22 September, 2010

LONDON: Wolseley's shares rose 2% to 1498 on September 21, after analysts said the company could deliver a 'reasonable outlook' with its full-year figures, due to be released at the end of the month.

Speaking to the Financial Times, Tobias Woerner from MF Global Securities said that lumber prices in the US had jumped since June. This should help Wolseley as the US still accounts for about 42% of the company's revenues.

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