Ibstock hikes brick production as UK construction market picks up

Ibstock hikes brick production as UK construction market picks up

Brick manufacturer Ibstock has reinstated production capacity at several factories, providing a boost to Britain’s building materials shortage. The move is a bet on the building market’s recovery, with higher production capacity ensuring the company is “well placed to benefit from the recovery as it gathers pace.” Ibstock, which holds a 40 per cent share of the UK’s brick market, closed its Lancashire factory in 2023 and its Surrey factory in 20…

Ibstock shares crumble as costs soar

Shares in brick maker Ibstock were under pressure on Wednesday after the company announced rising fixed costs attributed to increasing capacity. Ibstock shares were down 14% at the time of writing.  If it had not been for the rising costs base, Ibstock’s trading statement would have been very well received. Volumes in the first half […] The post Ibstock shares crumble as costs soar  appeared first on UK Investor Magazine.