Ibstock Plc (IBST.L) issued a trading update for the third quarter of the financial year ending 31 December 2025 and the year to date. The Group said a more uncertain near-term economic and political backdrop has led to a weaker than expected demand in both the Clay and Concrete businesses' core markets during the third quarter.
The Board now expects second half adjusted EBITDA to be similar to the first half of the year. Sales volumes in the second half are now expected to be in line with the first half of the year.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.