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Wolseley set to return to bluechip listing

Builders and plumbers merchants chain Wolseley look like they will be re-admitted to the FTSE 100 share index next week.

Wolseley set to return to bluechip listing

The group was demoted from the list of bluechip companies in after the share price collapsed in the wake of the downturn in the construction sector.

The changes will be announced after the market closes on Wednesday and are based on the closing share prices from Tuesday, June 9, but have to be confirmed by a FTSE committee on Wednesday.

The share price has been performing better since the group sold their loss-making US arm, Stock Building Supply, to a joint venture company.

About Fiona Russell-Horne

Fiona Russell-Horne
Editor-in-Chief across the BMJ portfolio.

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