Directors Deals 

Ferguson chairman buys in

Ferguson chairman buys in

Plumbing and heating products specialist Ferguson (FERG) belongs to an elite club of UK companies that have cracked the formula to success in the US. Over four-fifths of the group’s continuing revenue and 95 per cent of underlying trading profit comes from across the Atlantic. Intuitively, spinning off its UK Wolseley business to focus on its more lucrative operations makes sense.

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