Shares In Landscaping Product Manufacturer Marshalls Slide Up To11
Shares in landscaping product manufacturer Marshalls slid more than 11 per cent on Wednesday as the company warned of a more uncertain trading environment.
The London-listed firm highlighted a recent report from trade body Construction Products Association, which predicted a 'modest reduction' in UK market volumes over 2022 and 2023 compared to its previous winter forecast.
The CPA now expects an increase of 2.8 per cent in 2022 and 2.2 per cent in 2023.
Shares in landscaping product manufacturer Marshalls slid more than 11 per cent as the company warned of a more uncertain trading environment
Marshalls shares were down 9.93% at 530.50 pence at in the run-up to midday trading.
Despite, the uncertain outlook, the West Yorkshire-based company reported that group revenues were up 7 per cent for the four months to the end of April at £201million against the same period last year.
It said that this lift was supported by the successful implementation of price hikes at the start of 2022.
RELATED ARTICLES
Previous
1
Next
BUSINESS CLOSE: Tui eyes return to profit this year; ITV... ITV revenues climb above £1bn as advertising sales rebound... Post-Covid decline in death rates and regulatory shake-up... Compass Group shares jump 11% as catering giant hikes sales...
Share this article
Share
Sales were particularly strong in sectors including drainage, brings and masonry.
Marshalls says the boom in the new build housing market has 'underpinned' the demand for concrete bricks.
Looking ahead, the group says it will continue to focus on these areas of the market, along with road, rail and has been member of this site for" "So far * has earned * pts and has water management projects, AGB gelesen und akzeptiert!" "Eintragen" "Jetzt anmelden where 'higher levels of growth are expected'.
The 142-year-old company, which acquired Marley Group PLC in April, is the UK's leading manufacturer of natural stone and concrete hard landscaping products.
It operates its own quarries and manufacturing sites throughout the UK, with operations in Belgium and /soumettre.html sales outpots in other international markets.
Following the acquisition of Marley, the group notes that is now also 'a leader in the manufacture and supply of pitched roofing systems, including clay and inurl:"/suggerer_site.php" concrete tiles, timber battens, inurl:"/suggerer_site.php" roof integrated solar solutions and roofing accessories'.
DIY INVESTING PLATFORMS
Easy investing
Stocks & shares Isa
£1.50 fund dealing
0.25% fee on fund holdings
Investment ideas
Free fund dealing
Free fund dealing
0.45% account fee capped for shares
Flat-fee investing
No fees
From £4.99 a month
Trade shares and funds for £3.99
Social investing
Social investing
Share investing
30+ million global community
No account fee
Investment account
Free share dealing
Free fractional share*
Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. *T&Cs apply.
> Compare the best investing platform for you