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Ferguson PLC - trend trade despite pull back


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Has had a bit of a slip up today, but still a massive trend trade. Daily chart below.

  • Reports better-than-expected FY profit, revenue
  • Organic revenue growth in first 8 weeks same as last year
  • UK fell 5.3 pct due to closing branches, exit of wholesale business
  • Shares down 4.6 pct
  • Likely to close $300-$400 mln in acquisitions before HY-end


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