Wolseley shares hit by debt worry

British building supplies firm Wolseley saw its shares tumble today after revealing its debt mountain increased to £3bn (€3.2bn) at the end of 2008.

Wolseley shares hit by debt worry
Mon, 26 Jan, 2009 - 11:09

British building supplies firm Wolseley saw its shares tumble today after revealing its debt mountain increased to £3bn (€3.2bn) at the end of 2008.

The company, which trades as Build Center and Plumb Center, blamed the £557m (€594m) adverse effect of currency movements for the 22% rise on the position seen at July 31.

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