Losses worsen at Readymix

Irish building materials firm Readymix posted a wider pre-tax loss of €4.2m (£3.7m) for the first three months of the year compared to last. The company said it expects turnover to fall further during the year, as it admitted that revenues fell 27 per cent in the quarter compared with last year. Readymix blamed the slump on poor volumes and pricing pressures.