Company
Ibstock PLC
LON:IBST
We are a major manufacturer of clay and concrete building products. Our aim is to continue to extend our leadership in the building products industry by being our customers' partner of choice through providing consistent high quality, reliable and innovative products. These products when taken together with our strong focus on the customer has been a core driver in increasing and sustaining our market leadership positions. As a leading supplier of masonry cladding, roofing, utility and landscaping products we see opportunities to invest in new capacity, penetrate our markets further through innovative products and expand our existing product portfolios through either organic investment or opportune acquisitions.
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Builders and building materials
Ibstock sees full year above expectations after strong Q3 trading
"Our strong trading in the first half of the year continued through the third quarter, supported by robust demand across our end markets,” said the company's chief executive officer Joe Hudson
Builders and building materials
Ibstock’s interim results show “healthy improvement” for UK brick manufacturer
IBST shares respond positively to the strong results
Builders and building materials
Ibstock sets new targets as sales return to pre-pandemic levels
CEO Joe Hudson said the Leicestershire-based firm expects to generate "significant additional capital" over the next five years, supporting further growth investment and shareholder returns
Builders and building materials
Ibstock passes on higher costs as sales rise 29%
Trading had been robust in the new build housing and RMI sectors
Builders and building materials
Ibstock announces new carbon emission targets
The company says its 15% reduction of CO2 per tonne of production has already been achieved
Builders and building materials
Ibstock reports interim results close to pre-pandemic levels on robust UK housing demand
The company now expects adjusted EBITDA for 2021 to be "modestly ahead" of its previous expectations
Builders and building materials
Ibstock to treble brick capacity as housing demand soars
The existing mothballed facility at Atlas will be replaced with a new state-of-the-art wire cut clay brick factory
Builders and building materials
Ibstock says demand recovered quicker than it anticipated in 2020 as it resumes dividend payments
"Market demand recovered faster than our expectations as we progressed through 2020, and trading in the initial period of 2021 has started well," said chief executive Joe Hudson
Builders and building materials
Ibstock expects earnings to be a touch higher than guidance
The manufacturer of clay bricks and concrete products saw an improvement in trading in the final months of 2020
Archive
FTSE 100 closes in red as market buzz fades after Biden's inauguration
The UK index of leading shares closed down almost 25 points at 6,715 on what was a dull news day
Ibstock knocked to hold as Deutsche Bank lowers profit forecasts following trading update
The German bank also lowered its price target for the brick and concrete maker to 168p from 183p, saying the shares were now “up with events”
Builders and building materials
Ibstock sees demand recover in third quarter amid improved housebuilding activity
The brick and concrete maker said group volumes recovered to around 90% of last year’s levels in September and remained at the same level in October
Builders and building materials
Ibstock sales volumes bounce back but outlook remains uncertain
Clay sales volumes were around 80% of pre-coronavirus levels in July with concrete sales volumes at around 85%.
Builders and building materials
Ibstock says trading has started to improve as builders returned to work
Clay brick volumes slumped by 90% in April amid COVID-19 lockdown but have improved, showing a 70% decline, since builders began returning to work
Builders and building materials
Ibstock upgraded to 'buy' by UBS, Kingspan downgraded to 'sell'
“Dividend cuts have commenced already and we expect some more to come. We cannot categorically rule out equity issuance but think they are unlikely,” the analysts said
Builders and building materials
Ibstock and UK brick industry look 'compelling' to UBS
Ibstock’s shares have fallen more than 18% since the start of May and the Swiss bank's analysts see low chance for further downside
Investments and investor services
FTSE 100 closes in the red as traders await first US rate cut since recession
Investors are expecting a cut of 0.25% in the benchmark short-term rate
Archive
Lloyds to post weaker profits as PPI claims deadline looms
The day ahead includes interims from Lloyds and Taylor Wimpey along with the Federal Reserve's latest policy decision
Archive
Week ahead preview: Lloyds, Barclays, RBS, BT Group, BoE and US Fed
It will be a busy week for markets with a barrage of corporate earnings and interest rates decisions from the Bank of England and the US Federal Reserve.
Cobham trading in line as it appoints new chairman
Jamie Pike will be well-known to many investors as the current chair of RPC and Spirax-Sarco, while he has also been chairman at Ibstock and Tyman in recent years
Builders and building materials
Ibstock slides as UBS downgrades to ‘neutral’ saying more investment needed to drive mid-term growth
The bank said with brick utilisation in the UK at “high levels” and the FTSE 250 firm ramping up production at its new factory in Leicester, any more growth was likely to be limited
Builders and building materials
Ibstock jumps as it shrugs off Brexit concerns with bullish 2019 outlook
While the brickmaker admitted that the uncertainty caused by Brexit was “unhelpful” and could affect consumer confidence and demand in the short-term, the medium-term fundamentals were “favourable”
Archive
Direct Line to report higher 2018 profits despite large weather-related claims
The day ahead includes full year results from Direct Line and GVC along with a trading update from Ashtead
Archive
Insurance will be the corporate key in coming week, though US jobs data should be biggest draw
The Week Ahead brings updates from the likes of Aviva, Direct Line, L&G and Admiral, while investors can also bet on Paddy Power Betfair and GVC Holdings
Peel Hunt adjusts ratings in UK building materials and merchanting sector after cutting estimates, targets
Peel Hunt said it upgraded all ratings for Ferguson PLC, Keller Group PLC, and Volution Group PLC to ‘add’ from ‘hold’
Investments and investor services
FTSE 100 finishes lower as uncertainty continues to be the watchword
The UK's premier share index finished down over 27 points at 6,834
Archive
Whatever the UK government no-confidence vote outcome, investors will have plenty to chew over on Thursday
The Day Ahead will bring updates from the likes of Primark-owner Associated British Foods, a caffeine-free Whitbread, credit checker Experian, and software firm Sage
Archive
Brexit, UK inflation the main focus but retail and housebuilder updates continue to flow
Aside from the Brexit merry-go-round, the Week Ahead will bring UK inflation and retail sales numbers, plus updates from the likes of AB Foods, Persimmon, Bovis Homes, and Whitbread
Builders and building materials
Ibstock moves out of US as it sells Glen-Gery brickmaking business for US$110mln
“We have concluded that opportunities to grow the US business are not in line with our overall strategic objectives, and the decision was taken to dispose of these assets and refocus the group on its core markets here in the UK”
Investments and investor services
Ibstock's revenue and profit increase as new build demand offsets weather impacts
“Overall, market fundamentals remain favourable and Ibstock is well-placed to benefit from this positive backdrop"
Archive
Cineworld investors hope World Cup and hot weather failed to keep customers away in first-half
The day ahead sees Cineworld and Legal & General report their first-half results
Archive
HSBC will ring down the curtain on the bank's interim reporting season, but other financials also in focus
Aside from HSBC's numbers, Prudential, L&G, Standard Life Aberdeen, and Hargreaves Lansdown are all on the results docket in the coming week
Builders and building materials
Numis Securities ups Ibstock to ‘add’ on valuation grounds following share price slide after profit warning
Given strong underlying brick demand, the Numis analysts have set their target price for Ibstock shares at 270p, down from 310p previously, but above current levels of 246p
Anglo African Agriculture shares jump as first half loss narrows
A look at some of the top risers and fallers in London today
Archive
Ibstock warns earnings will be hit by Beast from the East, lower-than-expected output
Ibstock plans to increase maintenance activity over the next year, resulting in plant shutdowns and higher costs
Builders and building materials
Ibstock confirms Joe Hudson to takeover as CEO from April 4
Joe Hudson was announced as new CEO of the company on 11 October 2017 and appointed to the Ibstock Board on 2 Janaury 2018
FTSE 100 closes 30 points ahead as Dow Jones turns negative
The UK premier index added 0.43% on the day, while FTSE 250 added over 123 points at 19,690.
Investments and investor services
Ashtead set for Hurricanes and tax cuts boost
Ashtead Group and JustEat are expected to be among the highlight names in Tuesday's agenda.
Archive
Investors set to tuck into tasty results from Domino's Pizza and Just Eat
The week ahead sees earnings from Domino's Pizza, Just Eat, Restaurant Group, Legal & General, G4S, Rolls-Royce, Ashtead and Immarsat
Investments and investor services
FTSE 100 extends losing streak to four days; ABF top loser
The FTSE 100 closed lower on Thursday as there was no clear direction across global equities
Archive
Royal Mail’s Christmas performance under the microscope on Thursday
As well as Royal Mail, updates are expected from Costa Coffee owner Whitbread and Associated British Foods - the parent company of Primark
FTSE 100 plunges on North Korea fears
The FTSE 100 finished 108 points lower at 7,390, about 13 points above its intra-day low
Archive
Prudential's chief Mike Wells to face questions on rumoured break-up at first half results
Prudential, Glencore and DFS Furniture are among the companies reporting results on Thursday
Archive
Insurers and fund mangers in the earnings frame, notably Standard Life, Prudential and L&G
Week ahead: Results from Standard Life PLC, Prudential PLC, Legal & General Group PLC, Paddy Power Betfair PLC, Intercontinental Hotels PLC , G4S PLC, Glencore PLC ...
Jefferies thinks 'All Roads Lead to New-build' as it repeats bullish view on UK housebuilders
The US broker highlighted four reasons for their preference for the builders noting, firstly. that not enough homes are being built in the UK, meaning demand outweighs supply
Archive
Discount rate change has probably put paid to hopes for special divi from Direct Line
Before the Lord Chancellor stuck her oar in, Direct Line had hinted another special divi might be unveiled at the time of the full-year results
Archive
Limited wiggle in the Budget for Hammond
The Chancellor of the Exchequer may have a lower debt burden to deal with than he was expecting at the time of the Autumn Statement but he is unlikely to splurge
Builders and building materials
Ibstock receives boost from sterling's collapse
Revenues from US operations are more weighty when converted into sterling, while the pound's collapse has made foreign bricks dearer to import