Stock Take
Shareholders to get a smaller slice as CRH chases growth
Building materials giant reaping benefits of Biden’s $1 trillion Inflation Reduction Act but plans to spend cash on opportunities in US and Europe
CRH is set to give shareholders a smaller slice of its multi-billion-euro cash returns over the next five years and spend more chasing growth opportunities in the US and Europe instead.
Albert Manifold, chief executive of CRH, said the building materials giant is starting to reap the benefits of US President Joe Biden’s $1 trillion Inflation Reduction Act with its two core markets set for the pace of growth last seen after the financial crash ...