Exits of heavyweights from Dublin stock market have triggered concern in the industry as to its future viability
CRH
Irish revenues from stable of companies up 8% above $300m but US subsidiary clocked income at $4.4bn
Seen & Heard: Paddy Cosgrave’s return; Fund’s €43m bet against Smurfit; Building materials prices; Powerscourt Distillery ‘explores sale’
Annual report notes Manifold (61) is working closely with board on the design of long-term chief executive succession process
Sales by chief executive Albert Manifold and chief financial officer Jim Mintern follow publication of strong results for 2023
Building materials giant switched its primary listing to New York Stock Exchange in September
Irish equities trading turnover last month equated to a daily average of €183.3m, down from €261.3m a year ago
US and German consumer price inflation seen as in line with forecasts easing investor worries
Building materials giant sees earnings this year increasing to as much as €6.34bn on the back of a strong 2023 performance
London’s main problem is the same as Dublin’s – the greater liquidity and higher valuations on offer in the US
CRH chief executive Albert Manifold said the acquisition will strengthen the company’s ‘market leading position’ in Texas and increase its exposure to attractive, high growth markets
Returns on UK stocks have proved especially disappointing over the past two decades
Total deal volumes fell 9% in 2023, according to Davy Corporate Finance, against backdrop of global slump
A tech sector slowdown coupled with rising interest rates gave many a year to forget
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