Wolseley sees revenues grow but warns on asbestos

Wolseley, the FTSE 100 distributor of plumbing and heating products, has seen like-for-like revenue growth of 5% in the three months to the end of October, compared to the same period of 2010.

Wolseley, the FTSE 100 distributor of plumbing and heating products, has seen like-for-like revenue growth of 5% in the three months to the end of October, compared to the same period of 2010.

However, in today's update Wolseley says some gaskets it supplied in the US and Canada were incorrectly labelled "non-asbestos". In fact, some customers have found they contain more than the 1% level at which they can be classified as "non-asbestos". The firm blames a former supplier called Lortech Rubber and says it is writing to "certain customers" to inform them of the mistake.

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