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Brickmaker’s woes deepen the UK housebuilding gloom

Reported · Written up by our desk · Equities

Ibstock has issued a thumping profits warning, with sales 22% below expectations in the third quarter With John Healey’s Your First Home scheme on the way, is the mood improving in the housebuilding sector? A couple of the builders have results later this week, so can speak for themselves. In the meantime, though, here’s a thumping profits warning from Ibstock, the country’s biggest brickmaker, to spread a little more gloom. Demand hit a brick wall in the summer, as the company could have put it. Industry data, said Ibstock , show UK brick market volumes down 17% year-on-year in July and Augus

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