Michelmersh Brick Holding's FY25 pre-close update echoed its peers, with pre-Budget uncertainty and more stringent regulatory requirements for its customers, delaying orders to the new year. Profitability and margin expansion from 1H25 mark a key milestone, following completion of efficiency improvements to its Carlton plant – signalling strategy execution in a tight pricing environment driven by competitively priced imports. True to its capital allocation strategy, plant improvements have been ....