Ibstock warns on profits after brick factory maintenance shutdowns
30th Jul 2018 08:11
(Sharecast News) - Brick and tile maker Ibstock warned on Monday that full year profits will be lower than previously guided due to a factory production logjam on top of the earlier weather problems and ongoing higher energy costs.
Read moreIbstock revenues rise 5% as housebuilders import fewer bricks
16th Jan 2017 07:11
(ShareCast News) - Britain's largest brick manufacturer Ibstock anticipates full year earnings will be on target as revenue rose due to growing house builder activity in the second half of the year, while brick imports declined. In addition, the FTSE 250 company announced that its defined benefit pe
Read moreSector movers: Big Oil, Industrial Metals pace gains on heels of G-20
5th Sep 2016 15:21
(ShareCast News) - Big Oil again lent its heft to the market´s advance after Russia and Saudi Arabia unveiled an agreement to collaborate in the energy space. In a statement issued at the Group of 20 meeting in Hangzhou,China the oil producers said they would set up a working group to monitor the ma
Read moreFTSE 250 movers: Gold miners weigh against rising builders
22nd Aug 2016 13:44
(ShareCast News) - The FTSE 250 index was in the red late on Monday as a cabal of resources stocks cancelled out gains from housing related companies. Amid general renewed pressure on commodity prices hitting much of the sector, gold miners were the heaviest weight around the neck of the mid-cap ind
Read moreSector movers: Construction sector finds a bid, insurers off
17th Aug 2016 13:49
(ShareCast News) - Insurance stocks dragged on the London equity market after Admiral reported a drop in its so-called Solvency II coverage ratio at the half-year stage from 206% to 180%, courtesy of a large drop in interest rates which in turn boosted its liabilities, particularly in the case of it
Read moreSector movers: Retailers drop ahead of July CPI data
15th Aug 2016 17:13
(ShareCast News) - Price action at the start of the week saw both cyclical and defensive 'plays' battle it out for market leadership, with Ibstock and NMC Health pacing gains among Health Care and Construction-related issues, respectively, while retailers dropped ahead of (post-Brexit) CPI figures d
Read moreWednesday broker round-up
10th Aug 2016 10:11
(ShareCast News) - Ibstock: Jefferies reiterates buy with a target price of 190p. Legal & General: Barclays maintains equal-weight with a 194p target. Glencore: UBS reiterates buy with a 220p target. Booker: HSBC stays at neutral with a 200p target. Spire Healthcare: Berenberg reiterates buy with
Read moreSector movers: US jobs data gives cyclicals a boost
5th Aug 2016 15:30
(ShareCast News) - The wheels of the market turned in favour of cyclicals at the end of the week, following the release of a much stronger-than-expected reading on the state of the US jobs market. Although economists still appeared to be somewhat divided on whether the US central bank would finally
Read moreRevenue ahead as Ibstock retains optimism
5th Aug 2016 08:46
(ShareCast News) - Clay brick and concrete products manufacturer Ibstock announced its unaudited results for the six months to 30 June on Friday, with group revenue reaching £210.0m compared with £148.9m a year ago, although the comparative period only includes four months' trading results. The FTSE
Read moreFTSE 250 movers: Precious metals miners knocked lower
20th Jul 2016 17:01
(ShareCast News) - Electrocomponents paced gains on the second-tier index after the electrical components distributor said its first quarter sales to 30 June grew only 1%, but that was a slowdown from the 3.5% rise recorded in the first six weeks of the period. It was also down from the 2% growth in
Read moreSunday share tips: Ibstock, Forterra, Asda, Tesco, Sainsbury
10th Jul 2016 16:35
(ShareCast News) - Don´t try to catch a falling brick was the view of The Sunday Times´s Danny Fortson regarding shares in Ibstock and Forterra. Stock in both brick-markers had tanked by almost 40% since the Brexit vote and in the case of the latter analysts at Deutsche Bank believed they had been '
Read moreFTSE 250 movers: Broader rebound outweighs ongoing housing rout
30th Jun 2016 15:29
(ShareCast News) - The FTSE 250 continued to rally on Thursday alongside its blue chip sibling as a broad-based rebound across sectors outweighed continued softness for housing-related stocks after the Brexit vote. Half an hour before the close, the FTSE 250 was up 0.65% to 16,106.31. Some of t
Read moreFriday broker round-up
27th May 2016 16:29
(ShareCast News) - B&M European Value: Retail Jefferies reiterates buy with a 330p target and Citigroup keeps at buy with a target of 345p. Standard Life: Jefferies stays at buy with a 403p target. United Utilities: JP Morgan reiterates overweight with a target price of 1020p and Exane BNP Paribas
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreIbstock falls after longer brick supply chain blockage
26th May 2016 09:11
(ShareCast News) - Brick maker Ibstock said the slow start to the year for its UK clay business had lasted fourth months before reaching a positive plumb-line. The FTSE 250 group said UK brick sales into the key new residential sector have grown but were slowe than expected due to destocking in the
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