Wolseley profits slump in tough housing market
Story date: 2008-03-18 02:25:00
Added on: 2008-03-18 04:01:06
Times Online - While the company has ample headroom from earnings to pay interest on its borrowings, the company admitted it is close to its covenants on about £270 million of loans, 10 per cent of its borrowings. “We can repay or refinance those,” Mr Webster ...
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