National merchant returns to FTSE

LEAMINGTON SPA: Demoted from the FTSE 100 at the last quarterly index reshuffle …

LEAMINGTON SPA: Demoted from the FTSE 100 at the last quarterly index reshuffle …

Wolseley could be back onboard later this week.

The national merchant was sent reeling by an unexpected cash call in Q1 with a £1bn rights issue launched prior to the FTSE reshuffle.

Now, with its debt restructured, and the housing market starting to pick up, the merchant’s shares have risen 57%.