Article 79FCZ UK’s largest brickmaker hit by sales slump as housebuilding downturn deepens

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

by
Mark Sweney
from World news | The Guardian on (#79FCZ)

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.

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