Europe a drag for Wolseley

Plumbers' merchant Wolseley has seen like-for-like growth slow down in its fiscal third quarter as it runs up against tougher comparatives from last year.

Plumbers' merchant Wolseley has seen like-for-like growth slow down in its fiscal third quarter as it runs up against tougher comparatives from last year.

Revenue in the three months to April 30th was up 4.7% to £3,069m from £2,930m in the fiscal third quarter of last year, but like-for-like (LFL) growth was only 3.8%, versus LFL growth of 5% in the first half of the financial year.

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