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UK housing is booming, but Ibstock offers a risky bet
Ist Teil von
FT.com, 2021-01-21
Ort / Verlag
London: The Financial Times Limited
Erscheinungsjahr
2021
Link zum Volltext
Beschreibungen/Notizen
The big two were caught cold having only just emerged from the credit crunch, which had cut total brick consumption by 44 per cent and pushed many rivals to the wall. Because it can take five years to build a brickworks, much of the demand recovery was met by number-three player Wienerberger, which shipped pallets from Benelux. Big customers have not followed the lead of housebuilder Persimmon, which built a concrete block mill that can meet two-thirds of its annual requirement. Since bricks account for about 1 per cent of a house’s build cost, it’s hardly worth their bother. The fund publishes regular stock market announcements of song rights it has bought.