Marshalls shares slump on dividend cut and gloomy outlook
New-build and RMI markets weakNo sign of a recovery in 2024Final dividend cut by 42%After a 50% rally in its shares over the last six months or so, FTSE 250 building materials firm Marshalls (MSLH) delivered a disappointing set of results for 2023, cut its final dividend and warned 2024 wouldn?t be any better.The shares dropped 12% out of the gate to 256p but recovered marginally to trade down 10%