Ibstock warns on rising energy costs

By Hamish Champ2018-05-24T13:02:00

Brickmaker says rising price environment likely to last until the end of the year

Leicestershire-based brickmaker Ibstock has said volumes were returning to normal levels after taking a dip earlier this year, but warned that rising energy costs would stick around until the end of 2018.

In a statement ahead of its AGM today the group, which makes approaching half the bricks produced in the UK, said trading for the four months to the end of April had been slower than expected due to the “extended winter season”, the much-discussed ‘Beast from the East’, although price increases had been achieved in line with its expectations.

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