Summary
TROUBLED plumbing supplies group Wolseley warned further job cuts are on the way as it revealed half-year profit would be twothirds lower than last year and that debts had ballooned.
But there was no mention of an emergency fundraising, following talk that the group would seek Pounds 400m from investors through a rescue rights issue.See the full content of this document
Extract
Debt Worries Are Mounting at Wolseley
Wolseley chief Chip Hornsby did not rule out the possibility of tapping investors for cas...
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