Ferguson : US naturalisation in progress
>Surprise spin-off of the UK activities - Ferguson’s board of directors yesterday announced a plan to offload the UK activities via a spin-off. Following this deal, Wolseley UK will become an independent listed company subject to shareholder approval. This decision marks the conclusion of a process whereby the group has sold off its European activities over the last ten years or so. Following the demerger, the group will be solely exposed to North America.Travis ...Ferguson is a holding company. Through its subsidiaries, Co. is a distributor of plumbing and heating products in the U.S. Co. operates nationally serving the residential, commercial, civil and industrial markets. Co. operates seven business units in the U.S.: Blended Branches, which provides plumbing and heating solutions ; Waterworks standalone, which distributes pipe, valves and fittings, hydrants, meters and related water management products; B2C e-commerce, which sells directly to consumers via websites using the product range and distribution network of the Blended Branches business; as well as Other, which comprises industrial standalone, fire and fabrication, and facilities supply.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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