UK's Ibstock falls after warning of weaker-than-expected 2026 profit

Ibstock

05/08/2026 09:07

** Shares of British bricks and concrete maker Ibstock IBST.L fall as much as 9.2% to 89p
** Co expects 2026 adj core profit near the lower end of a company-compiled analyst range of £59 mln to £68 mln ($79.44 mln-$91.56 mln)
** H1 revenue down 15% to £164 mln
        ** Co reports an H1 pretax loss of £27 mln from an £8 mln profit a year earlier
** Expects stronger H2 adj core profit but flags near-term pressure from weak private housebuilding and repair activity, higher energy costs and UK political uncertainty
** IBST down about 30% YTD, as of last close
     
($1 = 0.7427 pounds)

(Reporting by Megha Kumari in Bengaluru)
((Megha.Kumari@thomsonreuters.com;))