Wolseley attributes profit loss to U.S. economic woes

01/22/2008 | Modern Distribution Management

U.K.-based Wolseley cites the declining U.S housing market, a lessening of consumer confidence and weakness of the dollar for its 25% drop in profits in the latter half of 2007. The building products and plumbing/HVAC distributor has put a general hold on hiring in the U.S. and the U.K. in response to current market conditions.

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