Ibstock: Housebuilding is recovering, but rebuilding supply chains will take time Industrials Building supplies company Ibstock has said that it has seen early indications of a positive trend in the UK’s housing market, but a full recovery in end markets won’t happen soon. It said that it saw new-build residential activity improving, but that it “expect[s] this to take time to feed through into sustainably stronger demand [...]
Ibstock profit slashed as ‘exceptionally wet weather’ hits construction industry Property Sales and profit at building supplies company Ibstock has continued to fall as “exceptionally wet weather” badly affected the construction industry. The London-listed firm, which is headquartered in Leicestershire, saw its revenue drop 20 per cent to £178m in the first six months of 2024, down from £223m last year. Ibstock said this decrease was [...]
Cracks showing at Ibstock as profits collapse despite efforts to slash costs PROPERTY Last year saw Ibstock reduce headcount and close factories in an effort to reduce costs