AI summary
Ibstock’s 22% sales drop and production cuts highlight the severe UK housing downturn and the government’s failure to provide timely sector support.
AI-generated summary. Check the original reporting for context and accuracy.
UK’s largest brickmaker hit by sales slump as housebuilding downturn deepens
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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 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...
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