Brief: Ibstock Says Challenging Backdrop Likely To Continue In Near Term
21/05/2026 07:51
May 21 (Reuters) - Ibstock PLC IBST.L: IBSTOCK: TO DELIVER A FULL YEAR OUTTURN BROADLY IN LINE WITH CURRENT MARKET CONSENSUS EXPECTATIONS IBSTOCK: WE ARE MINDFUL OF POTENTIAL IMPACT OF MIDDLE EAST CONFLICT IBSTOCK: UK RESIDENTIAL CONSTRUCTION MARKET CONTINUED TO EXPERIENCE CHALLENGING CONDITIONS IN EARLY PART OF YEAR IBSTOCK: MINDFUL OF POTENTIAL EFFECTS ON CONSUMER CONFIDENCE AND WIDER UK ECONOMY IBSTOCK: CHALLENGING BACKDROP IS LIKELY TO CONTINUE IN NEAR TERM, ALBEIT WE CONTINUE TO SEE POTENTIAL FOR SOME IMPROVEMENT IN H2 IBSTOCK: HIGHER ENERGY AND FUEL PRICES HAVE RESULTED IN INCREASED COST INFLATION WHICH IS LIKELY TO EXTEND INTO SECOND HALF OF 2026 IBSTOCK - HEDGED FOR OVER 85% OF ENERGY NEEDS FOR FIRST THREE QUARTERS OF 2026 Source text: ID:nRSU1604Fa Further company coverage: IBST.L ((Reuters.Briefs@thomsonreuters.com;))