Content about Economy of the United Kingdom

January 9, 2012

ProBuild Holdings has announced the appointment of Robert Marchbank, the former CEO of European operations for Wolseley, as its new CEO.  Fred Marino, who had filled the role of interim CEO for the past several months, will continue to serve as vice chairman of the company’s board of directors.

November 1, 2010

With 50 locations in nine states, BMC is a chiseled-down version of its former self...

October 31, 2010

In his first interview with Home Channel News since becoming CEO of BMC Select—now simply...

September 27, 2010

Wolseley, the parent company of U.S. plumbing distributor Ferguson, has announced plans to move its...

Wolseley, the parent company of U.S. plumbing distributor Ferguson, has announced plans to move its official headquarters to Switzerland in order to reduce its tax burden in England. If approved by shareholders, the London-based firm would create a holding company called “New Wolseley” but continue to employ nearly 10,000 people in the U.K.

New Wolseley would still be listed and traded on the London Stock Exchange, according to the proposal.

November 18, 2008

Quarterly results released by Wolseley, parent company of Stock Building Supply, indicate a 20 percent...

October 5, 2008

Statements made by the parent company of Stock Building Supply on Sept. 22 have sparked...

July 28, 2008

Earlier this month, Wolseley posted an 8 percent drop in revenues for its North American...

July 16, 2008

Wolseley’s North American division continues to suffer from the weak U.S. housing market....

July 9, 2008

The country’s home builders have reported job cuts in the past week after housing sales...

June 23, 2008

In spite of short-term pressures such as inflation and heightened nationalism, China can expect double-digit...

June 15, 2008

The stalled U.S. housing market continues to take its toll on U.K.-based Wolseley, a global...

April 3, 2008

Euan Sutherland succeeds Ian Cheshire, who was promoted to group chief executive on Jan. 25....

March 20, 2008

A weak housing market in the United States has put pressure on the finances of...

February 26, 2008

Kingfisher, parent of B&Q and Castorama, posted fourth-quarter sales of 2.18 billion British pounds (US$4.33...

January 31, 2008

Kingfisher, the largest DIY retailer in Europe, has named Ian Cheshire as group CEO for...

January 7, 2008

Jack Sinclair will oversee the grocery business for Wal-Mart and will integrate planning, category management...

January 1, 2008

The company will no longer be subject to reporting obligations to the SEC....

December 16, 2007

The British home improvement chain has confronted a difficult DIY market and aging stores in...

November 29, 2007

Sales are up 0.8 percent at B&Q stores in the U.K. and up 5.6 percent...

November 27, 2007

The companies’ U.K.-based parent Wolseley noted it already had made a 3,500 headcount reduction over...

November 15, 2007

Sofiparts had assets of 24.5 million British pounds (US$53.5 million), with total sales of US$177.6...

August 7, 2007

The company has added Fire Fab, a North American distributor of fire safety products, and...

July 17, 2007

The expansion plan is expected to cost 250 million pounds ($511.6 million)....

July 15, 2007

England-based Wolseley will close 24 branches and cut 370 jobs at Stock Building Supply....

July 4, 2007

Stock Building Supply has acquired Sarasota, Fla.-based Hollow Metal Specialists....