Ibstock – Building With Brick Slips
Demand in both the newbuild and repair, maintenance and improvement markets meant Ibstock plc (LON:IBST) had a “strong” third quarter. Q3 2021 hedge fund letters, conferences and more Performance was held back by supply chain disruption, as expected, but are not expected to derail management’s forecast for underlying cash profits to come in above £93m. Ibstock announced plans to create a new business unit, dubbed Ibstock Futures, which will focus on growth initiatives, starting with the manufacture brick slips, a type of brick façade. The group will spend £50m to create a brick slip factory in...