Mr Bearbull 

One plus one equals?

Mr Bearbull

Mr Bearbull

Timing hasn’t always been the strongest suit for the bosses who run Ferguson (FERG), the world’s biggest plumbers’ merchant. Back in 2006-08, when it was still named Wolseley – derived from distant days when it built the sort of motor cars that chugged into the Downton Abbey estate – it was almost wiped out as its debt-fuelled expansion in the US collided with the sub-prime meltdown.

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