Forterra slumps after revenue drop; rising war-linked costs delay production
19/05/2026 08:54
** Shares of building products maker Forterra FORT.L down 6% at 140.8p ** Co's revenue for four-month period ended April 30 fell 11% year-on-year amid a broader slowdown in the UK construction market ** Co says the Middle East conflict has driven up cost of diesel, transport services and natural gas, prompting it to reschedule some production to the second half of 2026 ** Adds, it has raised brick prices in the first quarter to recover costs and will implement additional surcharges from June ** YTD, stock has fallen ~20% (Reporting by Tuhina in Bengaluru) ((tuhina@thomsonreuters.com))