Marshalls reports upbeat sales trend
Published: 11 November, 2009
HUDDERSFIELD: Shares in Marshalls, the building materials and landscaping company, topped the FTSE Small Cap leader board yesterday after an upbeat trading update.
The company reported revenue down to £277m in the 10-months to the end of October.
Brokers Panmure Gordon said in a note: "Whilst the group is clearly operating in very difficult markets, we believe that the groundwork put in place over the past 18 months leaves the business well placed to gain ground on its peer group as we emerge from recession."
The broker said the update demonstrates an improving like-for-like trend, as expected, and notes that "this trend should continue to improve in the coming months as we come up against softer comparatives".