UK's largest brickmaker Ibstock warns on profits after sales fall 22%
Briefing by News4U · First published
Sales at the UK's largest brickmaker plunged by more than a fifth over the summer, and Ibstock on Monday issued its second profit warning this year. Leicestershire-based Ibstock said sales slumped by 22% below its expectations in the quarter to the end of September, prompting it to slash production levels by a fifth. [1]
Sources
- UK’s largest brickmaker hit by sales slump as housebuilding downturn deepens
The Guardian · · Full text