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Tony Morris

  • Michelmersh: Profit sags at brick maker but order book hits multi-year high ahead of building boom

    Business

    Brick maker Michelmersh reported a decline in operating profit during the first half of 2024 as economic uncertainty and high interest rates hit housebuilding. Michelmersh’s operating profit fell to just £4.1m in the first half of the year, down 32.8 per cent from the first six months of 2023, the group disclosed in its half-year [...]

    Brick maker Michelmersh is hopeful that a turnaround in housebuilding could bolster the business.

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