Builders Merchants Journal At the forefront of publishing to the UK merchanting industry for more than 95 years
Building materials manufacturers Marshalls are the latest to ask shareholders for more money via a rights issue.
They want to raise £34m and the deal is fully underwritten. Existing shareholders will receive a two-for-five offer and the new shares will be priced at 65p each.
Marshalls’ first quarter sales were down to £109m from £135m for the same period last year with underlying daily sales on a like-for-like basis down 19%.
