UK’s largest brickmaker hit by sales slump as housebuilding downturn deepens
UK brickmaker Ibstock, the country's biggest, reported a sharp decline in sales as the housing market weakens, prompting a 20% reduction in production. The company blamed the slowdown on a prolonged downturn in housebuilding and urged the government to accelerate support measures for the sector. The slump highlights broader challenges facing construction-related industries and profitability pressures.