Financial Times FT.com

Wolseley continues to see ‘tough’ markets

By Ed Hammond

Published: November 19 2009 02:29 | Last updated: November 19 2009 02:29

Wolseley said it was continuing to experience “extremely tough” market conditions as the building materials group reported falling revenues and a rising debt burden on Wednesday.

Revenues at the company fell to £3.4m ($5.7m) for the three months to November, a drop of 13 per cent compared with the same period last year.

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