Britain’s two biggest brickmakers both saw a big jump in sales and profits last year on the back of investments and strong demand for UK-made products.
However both businesses – Ibstock and Forterra –warned of subdued trading in 2023 on the back of the cost-of-living crisis and a slowdown in the new housing market, at least in the first few months of the year.
Leicestershire-based Ibstock said sales last calendar year were up a quarter at £513 million, while pre-tax profits were up 61 per cent at £105 million.
