Jefferies upgrades Ibstock, Forterra to 'buy'
23rd Oct 2024 08:12
(Sharecast News) - Jefferies upgraded both Ibstock and Forterra on Wednesday to 'buy' from 'hold' "given the current compelling demand-supply dynamic in the UK brick sector".
Read moreLondon close: Stocks make gains as ECB cuts rates
17th Oct 2024 15:21
(Sharecast News) - London stocks ended higher on Thursday, buoyed by strong gains in Rentokil and Entain, as investors digested the European Central Bank's rate cut and a wave of economic data from the US.
Read moreIbstock delivers 'solid' Q3 performance
17th Oct 2024 09:11
(Sharecast News) - Building products manufacturer Ibstock said on Thursday that it had delivered "a solid performance" in the third quarter, with adjusted underlying earnings broadly in line with internal expectations.
Read moreLondon close: Stocks finish higher amid global recovery
7th Aug 2024 16:34
(Sharecast News) - London's stock markets closed higher on Wednesday, buoyed by positive global sentiment following remarks from the Bank of Japan.
Read moreIbstock profits, sales slump on wet UK weather
7th Aug 2024 08:04
(Sharecast News) - Brick maker and building supplies company Ibstock reported a slump in first-half profits and sales as Britain's soggy summer hit the construction industry but sounded a note of cautious optimism around medium-term prospects under the new Labour government's plans to accelerate house building, sending shares in the company higher.
Read moreLondon close: Stocks rise as UK election enters final hours
4th Jul 2024 15:41
(Sharecast News) - London stocks remained in the green by the close on Thursday, buoyed by optimistic market sentiment as UK voters headed to the polls amid widespread expectation of a Labour party victory.
Read moreRBC Capital starts Forterra and Ibstock at 'outperform'
4th Jul 2024 07:14
(Sharecast News) - RBC Capital Markets initiated coverage of the UK's two largest clay brick manufacturers on Thursday - Forterra and Ibstock - both at 'outperform'.
Read moreLondon close: Stocks manage gains as BoE holds rates
9th May 2024 15:21
(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.
Read moreIbstock Q1 sales fall short amid 'challenging' trading conditions
25th Apr 2024 07:47
(Sharecast News) - Building products manufacturer Ibstock said on Thursday that sales volumes in the first quarter were lower than expected as activity in residential markets remained subdued.
Read moreLondon close: Stocks finish higher after Hunt's Spring Budget
6th Mar 2024 15:02
(Sharecast News) - London's stock markets closed in positive territory on Wednesday, as investors absorbed the Chancellor's Spring Budget announcement of a 2p reduction in National Insurance.
Read moreIbstock FY revenue and profits slide
6th Mar 2024 08:09
(Sharecast News) - Brick maker Ibstock revealed on Wednesday that revenue and profits had fallen in 2023 amid "difficult market conditions".
Read moreLondon close: Stocks slip after surprise jump in UK inflation
17th Jan 2024 15:03
(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.
Read moreIbstock sees FY in line despite 21% revenue fall
17th Jan 2024 07:04
(Sharecast News) - Building products supplier Ibstock said it was permanently closing one of its brick factories and cut jobs amid falling demand as the housing market contracted, although it remained confident in its medium-term prospects, with fourth-quarter trading in line with expectations,
Read moreDeutsche Bank lowers target price on Ibstock
26th Oct 2023 11:41
(Sharecast News) - Analysts at Deutsche Bank lowered their target price on brick maker Ibstock from 170.0p to 150.0p on Thursday following the publication of the group's third-quarter trading update.
Read moreLondon close: Stocks end choppy session mixed
25th Oct 2023 15:11
(Sharecast News) - London's stock markets closed with a mixed performance on Wednesday, as investors weighed a number of factors.
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