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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/wolseley-buoyed-by-strong-us-growth.jpg"><img class="alignnone size-full" title="Plumb Center parent Wolseley has been boosted by strong sales in its North American businesses" src="http://londonglossy.com/wp-content/uploads/2010/12/min-wolseley-buoyed-by-strong-us-growth.jpg" alt="Plumb Center parent Wolseley has been boosted by strong sales in its North American businesses"/></a></p>
<p>Building and heating supplies firm Wolseley has reported a better-than-expected start to its financial year driven by strong sales in its North American businesses.</p>
<p>The FTSE 100 Index-listed company, which generates 81% of its business overseas, said US revenue was up 6% like-for-like in the three months to October 31, while revenues in Canada were up 7%.</p>
<p>In the UK, where the business trades as Plumb Center and Build Center, total revenues were down 4%, but like-for-like sales were ahead 5% after the disposal of businesses including Brandon Hire in September.</p>
<p>The strong North American performance offset weaker sales across Europe, to see total group revenues increase by 4%, and trading profit rise 39% to £159 million in the quarter.</p>
<p>Ian Meakins, Wolseley chief executive, said: &#8220;Most markets continued to grow in the first quarter and the group&#8217;s trading performance was slightly ahead of management expectations.&#8221;</p>
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