Companies

CRH: Move to US ‘levelled the playing field’ but index inclusion could take another year

Inclusion in US indices is likely to take further 12-18 months, the chief financial officer said at the annual general meeting on Thursday

Albert Manifold, chief executive (left) and Jim Mintern, chief financial officer, pictured at the CRH AGM at the Royal Marine Hotel, Dublin. Picture: Robbie Reynolds

The move to the US stock exchange has levelled the playing field for CRH, the building materials business, which is already transferring to the company’s bottom line, the chief executive has said.

Speaking to media at the company’s annual general meeting (AGM) on Thursday, Albert Manifold said he was seeing a benefit when bidding for US contracts and expected this to come further into play as the year progressed.

“The rationale behind the move was ...