Ibstock cuts earnings guidance again

Brick and masonry products maker Ibstock (LON:IBST) cut its FY earnings guidance again due to weak market conditions. As a result, EBITDA is now seen in the mid-£40 million range against a previous forecast of around £60 million. Trading conditions deteriorated sharply during the third quarter, with weakness continuing into October, said CEO Joe Hudson. … Continue reading Ibstock cuts earnings guidance again