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‘Grinding it out’: Ibstock swings to loss and cuts dividend amid building slump
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‘Grinding it out’: Ibstock swings to loss and cuts dividend amid building slump
One of the UK’s biggest brickmakers has bemoaned a ‘challenging’ housebuilding market as it slashed its dividend and swung to a loss. Leicestershire-based Ibstock, which is London’s second most shorted stock with a reported short interest of 12.9 per cent, posted a loss of £27m for the first six months of the year, down from [...]
5 Aug, 06:39
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