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Marshalls hails commercial demand

Robust demand from the commercial and public sectors underpinned sales at products firm Marshalls in the six months to June 30.
But during the second quarter sales to domestic customers were disappointing, reflecting the widely reported consumer slowdown. Revenue from continuing operations on a like-for-like basis fell 1.3 per cent to £170.5 million from £172.7 million in 2004.

Marshalls chief executive Graham Holden said: 'Our market intelligence shows that public sector and commercial demand, which represents half of group revenue, remains robust. However, domestic markets are expected to remain challenging reflecting weaker consumer confidence and the industry is forecasting a reduction in private housing repair, maintenance and improvement expenditure.'

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