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22 April 2021 | 08:54am StockMarketWire.com - Clay bricks and concrete products maker Ibstock said the new fiscal year had started well, with trading 'modestly' ahead of expectations. The company made a £60 million investment in its Atlas and Aldridge plants that will deliver 115 million brick capacity and a £12m EBITDA contribution per annum once fully operational. The investment would be self-funded from the group's cash flow. There was robust demand from both the new build housing and repairs, maintenance & improvement end markets, the company said. Sales volumes in the Clay division fo...

10 March 2021 | 08:11am StockMarketWire.com - Clay bricks and concrete products maker Ibstock swung to an annual loss as the Covid-19 pandemic hurt demand and weighed on revenue. The company, however, resumed its dividend, citing a quicker-than-expected recovery in demand. For 2020, pre-tax losses were £24 million, compared with a profit of £82 million year-on-year as revenue declined 23% to £316 million. The fall in revenue reflected the impact of the COVID-19 pandemic, with 'significant reductions in both clay division, down 29%, and concrete division, down 5%,' the company said. Th...

21 January 2021 | 12:08pm StockMarketWire.com - The FTSE 100 was up 0.2% to 6,755.62 by midday, its progress stunted by sterling strength against the dollar. US futures suggested stocks would hit new record highs on Wall Street as 46th president Joe Biden gets his feet firmly under the table in the Oval Office. Sage Group has reported a near 5% rise in recurring revenue for the final three months of 2020, as it confirms plans to 'progressively increase investment' over the coming year. The group's recurring revenue increased by 4.7% to £408 million, supported by software subscription growth...