AI summary
Ibstock’s 22% sales drop and production cuts highlight the UK housing sector’s deepening downturn and the government’s failure to provide timely support.
AI-generated summary. Check the original reporting for context and accuracy.
Sales slump at UK’s largest brickmaker 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 three months to the end of September, prompting it to slash production levels by a fifth. Continue reading...
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