Summary
- Marshalls incurred restructuring costs of 17.6 million that included the closure of manufacturing facilities in Falkirk, Llan, and Livingston during the first half of 2020
- Restructuring would help in improving efficiencies across verticals and also help in cost reduction by approximately 12 million in a given year
- Companys trading has gained momentum in July and August 2020
The UK construction output was up by 17.6 per cent in July 2020 as reported by the Office for National Statistics, however, was far below the February 2020 (pre-pandemic) levels. Most of the construction activity has resumed across UK in July 2020 with new safety protocols in place.
Due to the onslaught of the coronavirus pandemic, most of the infrastruct…
Read the full article at: https://kalkinemedia.com/uk/stocks/infrastructure-and-real-estate/can-ftse-250-listed-marshalls-deliver-a-strong-recovery-post-restructuring