Updates

Ibstock

March 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Ibstock provided a reassuring update with trading in line, with revenues in the year ended 31 December rising 9%. The group will announce results on 10 March.Sales from concrete and clay products (80% of revenue) were up 9% primarily reflecting a stronger pricing environment for clay bricks. Despite the release and reduction of brick stocks by some housebuilders and distributors, total UK industry brick demand continued to exceed estimated annual domestic production capacity in the year. Meanwhile, price negotiations for 2016 have been concluded and are in line with expectations. Concrete product revenues were however down 1.5% year-on-year, while US trading was as expected with revenues up 10%. Current capacity expansion projects ...

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