Wolseley returns to profit and reinstates dividend

Leamington-based building and heating materials group Wolseley reports a return to profit.



Pre-tax profits for period were £195m compared with a loss of £261m a year earlier. Revenue rose 5% to £6.6bn.

The group said profitability had improved in all regions, but warned that the outlook for the UK was uncertain.

The results sent Wolseley shares up 2.5%.