New strategy to be unveiled in November

好色先生TV products firm Marshalls is set to outline a new group strategy this November as part of an ongoing review of business.

It said it had 鈥渋dentified a number of opportunities to deliver outperformance over the medium term鈥� and would announce details on 19 November.

Marshalls said areas identified for growth included bricks and masonry, water management and energy transition.

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Marshalls said revenue fell 13% in the wake of the housing slowdown

The news came as the firm said pre-tax profit for the half year to June was up 29% to 拢21.5m on revenue down 13% to 拢307m.

It said its landscape products business was hit by the fall in new build housing but the firm said it was taking a number of initiatives to improve revenue which will also be outlined in November.

Chief executive Matt Pullen added: 鈥淚 have a strong view that the segment鈥檚 performance can be substantially improved through a number of self-help measures which we are implementing at pace.鈥�

The news came as the firm said pre-tax profit for the half year to June was up 29% to 拢21.5m on revenue down 13% to 拢307m.

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