Closing post
Time to wrap up… here are today’s main stories:
The building products supplier Marshalls is cutting another 250 jobs and has issued a profits warning in the latest sign of the growing slump in the UK housebuilding market.
The group, based in Elland, West Yorkshire, will also close a factory in Scotland and reduce shifts and production elsewhere in an attempt to save £9m a year.
The latest job cuts comes after it said 150 roles would be axed at the end of last year, with the firm also aiming to restructure its commercial team. Marshalls said like-for-like sales slumped by 13% in the six months to 30 June, while it expects to report a 27% slump in interim underlying pre-tax profits, to about £33m.
