The Marshalls share price soars following forecast upgrades
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Marshalls touched 771.5p per share at one point in Wednesday business. This was its most expensive since November. The landscape products company has since settled back but, at 763p, remains 6% higher on the day.
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Marshalls reports “strong” trading
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ecent trading has been strong” and that “
the improving trend has continued.” During the four months to April, revenue soared 46% year-on-year to £191m.
The impact of Covid-19 lockdowns helped drive that huge annual improvement. However, sales at Marshalls were also up 6% from the same four months in 2019.
Building boom triggers cement shortages
Record demand is putting pressure on supplies as materials suppliers struggle to keep up with a rapid rebound in building activity
12 May 2021 • 11:54am
Britain is facing a short-term cement shortage as a lockdown building boom causes materials suppliers to be deluged by record levels of demand, experts have warned.
Nigel Jackson, chief executive of the Mineral Products Association, said that “it would not be surprising if there were short-term issues of supply as the economy gathers momentum”.
The UK’s £16bn materials sector, which employs more than 80,000 people, supplies about a million tonnes of products every day and up to 12m tonnes of bagged cement a year.
Heating and Ventilation News
Sites continue to be hit by delays, but growth in construction activity gives hope
A toxic cocktail of product price rises, reduced availability and longer construction times due to the current site operating procedures will lead to difficult times in the short term according to a leading construction economist.
Noble Francis, economics director for the Construction Products Association, told a BESA webinar warned that the road ahead could be particularly bumpy for smaller firms, which have been more exposed to the burden of Brexit bureaucracy than the bigger companies.
He said: “The cost and availability of products are a major concern, particularly for SME contractors.”
Materials warning on large projects as British Steel halts structural orders
There are fears that steel shortages could hit large projects after British Steel stopped taking orders on structural steel sections due to “extreme demand”.
The company, which is the only UK manufacturer of structural steel sections, has been hit by the worldwide strain on the supply.
A spokesman for the company said: “Due to extreme high demand impacting capacity levels, we have temporarily closed the order book for structural steel sections only. Our order books remain open for all other products. Ex-stock sales of our sections are unaffected by this announcement and we’ll continue to despatch materials already produced as normal.”