Profits woe for Wolseley as heating and plumbing merchant drops 12.5%
![Profits woe for Wolseley as heating and plumbing merchant drops 12.5%](http://i.dailymail.co.uk/i/pix/2015/09/29/23/2CE95F1800000578-0-image-m-4_1443566453461.jpg)
Investors dumped the stock as chief executive Ian Meakins voiced concern over the strength of its industrial markets in the US and its heating business in Britain.
Investors dumped the stock as chief executive Ian Meakins voiced concern over the strength of its industrial markets in the US and its heating business in Britain.