Marks Electrical’s interim results were as expected following the interim trading update. Its struggle to offset rising costs amid intense competition and more cautious consumer spending is reflected in the results. It’s going to be tough in the short term, not helped by the looming Budget. We retain our bottom end of range EPS (Dil. Adj.) forecasts. The seasoned management team has seen it all before and it has the capability, alongside the underlying improvement in the business, to weather thi ....
