By Steve Goldstein
Shares of construction products maker Marshalls saw their best one-day climb in nearly a year, while the broader U.K. stock market inched higher.
Marshalls /zigman2/quotes/201531746/delayed UK:MSLH +1.69% shares shot up 10% after the maker of natural stone and landscaping products saw demand improve in the second half of the year, where domestic end markets revenue rose 9% even as it dropped 9% for the fiscal year.
Marshalls reported that sales in January and February rose 7%, and orders climbed by 12%.
“Despite wider market uncertainty, the underlying indicators in our main growth markets of new build housing, road, rail and water management remain positive,” the company said.
The broader FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.76% inched 0.2% higher in late trade, with the resource sector advancing as miners Anglo American /zigman2/quotes/201381512/delayed UK:AAL +3.55% and Rio Tinto /zigman2/quotes/208934945/delayed UK:RIO +0.90% gained ground, while banks struggled as bond yields fell. Standard Chartered /zigman2/quotes/200125072/delayed UK:STAN -0.65% and HSBC Holdings /zigman2/quotes/203901799/delayed UK:HSBA -0.87% each fell 2%.
Pharmaceutical AstraZeneca /zigman2/quotes/203048482/delayed UK:AZN +0.72% also fell 2%, as Denmark, Iceland and Norway suspended vaccinations with its COVID-19 vaccine due to blood clots in some people who received it. AstraZeneca said its vaccine is generally well tolerated.