marshalls shares fell monday after the company said it expects to report that firsthalf adjusted pretax profit slipped and that it sees fullyear performance missing its expectations shares at 0706 gmt were down 276 pence or 10 at 2486 pence the concreteproducts company said it expects to report revenue of 354 million pounds 4549 million up from gbp348 million a year prior on a likeforlike basis revenue contracted 13 adjusted pretax profit is expected to be around gbp33 million down from gbp45 million the company said it delivered the results amid challenging conditions with persistent weakness in its key end markets of new build housing and private housing repair maintenance and improvement the sustained high levels of inflation increasing interest rates and weak consumer confidence means that the board anticipates the groups performance in the second half will be below its previous expectations the company said marshalls said it is still wellplaced to deliver longterm growth when conditions improve while previously expecting a recovery in the secondhalf it now views this as unlikely given the macroeconomic backdrop and expects a fullyear performance below its previous views it didnt provide a significant figure management has introduced a range of costsaving initiativesincluding headcount reductionsexpected to deliver annualized savings of around gbp9 million