UK’s largest brickmaker hit by sales slump as housebuilding downturn deepens

Ibstock, which has cut production by a fifth, criticises government for delay in help for housing sectorSales at the UK’s largest brickmaker plunged by more than a fifth over the...

By Mark Sweney · The Guardian World

Ibstock, which has cut production by a fifth, criticises government for delay in help for housing sector Sales at the UK’s largest brickmaker plunged by more than a fifth over the summer, as it criticised the government for not introducing fresh help for the housing sector faster. Leicestershire-based Ibstock said on Monday that sales slumped by 22% below its expectations in the quarter to the end of September, prompting it to slash production levels by a fifth. Continue reading...