Nelson Peltz, whose Titan Fund Mangement LP took a 6 percent stake in Ferguson Plc in June is pushing for management to sell its UK business. The U.S. investor is also calling on the company to scrap its London stock market listing and switch to a U.S. listing.

Trian acquired a stake worth 736 million pounds ($911.17 million) in June because it believed the company was an attractive investment trading at a discount to peers in the United States.

The company's UK operations could be worth around 700 million pounds, Sky News said, citing analysts.

Although it is a member of the UK's blue-chip share index, Ferguson's revenues are dominated by its business on the other side of the Atlantic.