Wolseley returns to profit and reinstates dividend

Plumb Centre, one of Wolseley's businesses
Image caption Wolseley said the UK economic outlook remained uncertain

Building and heating materials group Wolseley has reported a return to profit for the six months to the end of January and reinstated its dividend.

Pre-tax profits for the period were £195m compared with a loss of £261m a year ago. Revenue rose 5% to £6.6bn.

The group said profitability had improved in all regions, but warned that the outlook for the UK was uncertain.

The results sent Wolseley shares up 2.5%.

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