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Ferguson Enterprises Inc on Tuesday announced plans to cancel its secondary listing on the London Stock Exchange, where it said its liquidity is far outweighed by that in New York. The Newport News, Virginia-based heating and plumbing products distributor moved its primary listing from the LSE to the New York Stock Exchange in 2022, having seen North America as its ‘best long-term location’ since beginning ‘this transformative journey’ in 2019. It announced plans to review the now-secondary London listing in early May. Having completed this review, Ferguson said proceeding with the London delisting is in the company and shareholders’ best interests. It said its liquidity in New York ‘far outweighs liquidity on the LSE,’ and noted the ‘cost and complexity of maintaining a secondary listing’ as well as more complex corporate governance requirements. Ferguson also pointed out that its current shareholder base is mainly North American, and said the delisting completes the listing structure’s alignment with its ‘pure North American business profile and operations, headquarters and leadership’. Shares in Ferguson Enterprises were down 0.2% at 17,550.00 pence on Tuesday afternoon in London. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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