CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 75-95% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open platformOpen platform

UK's Ibstock hits record low on annual profit forecast cut

By Reuters News

** Shares of British bricks & concrete maker Ibstock IBST.L drop 13.2% at 70p, a record low

** Stock is the top loser on FTSE small-cap index .FTSC

** Co cuts annual profit expectations for the second time this year; expects FY adj EBITDA to be in the mid-£40 million range

** Peel Hunt cuts PT on stock to 110p from 125p

** "The new Your First Home program should be modestly helpful next year but lower interest rates remain key to a pick-up in sector activity and share prices" - Peel Hunt analysts

** As of last close, stock down ~42.2% YTD

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.