UK’s largest brickmaker hit by sales slump as housebuilding downturn deepens
UK brickmaker Ibstock faces sales slump and production cut as housebuilding downturn deepens; company criticises government for delay in housing sector help; sales slumped by 22% below expectations, leading to production cuts; Ibstock issued its second profit warning, citing UK brick market volumes declining by 17% in July-August; warning of near-term earnings headwind but necessary to align output with demand.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 02 Nov 2026, 11:30 UTC · Updated 02 Nov 2026, 11:51 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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