Sunday Times11 Jul 2016 10:24
'Brexit has rocked the country’s brick makers. Ibstock and Forterra, which between them account for the majority of Britain’s brick output, have seen their shares tank 36 per cent and 39 per cent respectively, since the vote.
For Ibstock, the Brexit ballot capped a whirlwind 18 months. Bain Capital bought it from CRH in February 2015. Eight months later, the private equity giant flipped it, listing it on the stock exchange at 190p. It closed Friday at 126.5p.
I can’t shake the feeling that the housing market is for a harder landing than the experts expect. Catching a falling knife is dangerous. But so is a falling brick. Sell.' This Is Money