Wolseley on course to beat forecasts

BUILDING and heating supplies group Wolseley highlighted an upturn in fortunes yesterday as it revealed it was on course to beat profit expectations.

By The Newsroom

Published 14th May 2010, 22:05 BST

Updated 14th May 2010, 22:09 BST

The group, which trades as Build Center and Plumb Center, said most of its markets were stabilising. Wolseley was the only riser in the FTSE-100 as investors welcomed the firm's prediction that it would exceed City forecasts for profits of 374 million in the year to 31 July.