Marshalls Share News (MSLH)

Stronger growth in the second half helped paving specialist Marshalls produce yearly results in line with expectations.In the second half of the year, volumes in both the domestic and public sector and commercial market improved to provide 9% year-on-year revenue growth, contributing to 2% growth for the full year.Marshalls pointed to autumn forecasts from the Construction Products Association of 2.7% growth in 2014 and 4.6% in 2015. "As the economy continues to recover, greater emphasis will be placed on the further development of the Marshalls' brand across all aspects of hard landscaping," it added. House broker Numis said: "Overall, we feel that this is a good statement and it highlights the benefits from improved macro conditions and the restructuring undertaken in 2012. We maintain our positive stance and target price which is based on 11 times normalised earnings." Shares in Marshalls were up 1.45% to 174.5p by 15:00 on Wednesday. OH