Ibstock makes £27m loss as brick demand dives

Brick giant Ibstock made a pre-tax loss of £27m during the six months to June 30 as demand for its products slumped.
The loss compared to an £8m profit last time as turnover fell to £164m from £193m.
The losses came despite two price hikes during the period as production levels were reduced by 20 million units and mothballed facilities led to impairment charges of £24.7m.Joe Hudson, Chief Executive Officer said: “Ibstock delivered a solid first-half performanc