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...Cevian highlighted to its investors an improvement in CRH’s earnings before interest, tax and depreciation margins between 2019 and 2022....
...Several big UK-listed groups are also moving their primary listings to New York, such as the gambling group Flutter and building materials group CRH....
...Several companies with large North American operations, including betting group Flutter and building materials group CRH, have decided to quit the FTSE 100 for a primary listing in the US....
...stock market is facing questions about its international competitiveness after a series of companies with significant North American operations, including betting group Flutter, building materials group CRH...
...CRH posted a 22 per cent jump in earnings per share in its results, with its well-covered dividend rising by 5 per cent....
...The offer from CRH — made with local investor Barro Group, which already owns 43 per cent of the stock — values AdBri at A$2.1bn....
...CRH said sales rose 8 per cent to $26.3bn in the nine months to September, compared with the same period last year....
...In the past decade CRH has sold about $10bn of businesses and spent $21bn on acquisitions....
...CRH’s shares will cease trading on the Dublin exchange on September 20....
...This article has been amended since publication to clarify the details of Smurfit Kappa and CRH’s listings in New York....
...because of traders closing out CRH positions....
...CRH declined to comment but it has not indicated that the prospect of greater passive flows in the US was a factor in its decision....
...Wood is no CRH or Flutter....
...Analysts say a US listing will boost its valuation since CRH trades at a discount to US peers....
...Its shares have climbed almost 50 per cent over the past year, with CRH now valued at £39.2bn ($49.8bn)....
...Other companies including miner BHP, building materials group CRH, packaging business Smurfit Kappa and plumbing supplier Ferguson have already left....
...falling trading volumes, a scarcity of listings and a number of high-profile snubs, including chip designer Arm opting for New York, and groups such as betting group Flutter and building materials group CRH...
...The head of the world’s largest building materials group CRH said it can now become “a truly American company” after shareholders backed a plan to move its primary listing from London to New York....
...Irish building materials group CRH and packaging company Smurfit Kappa are among the companies that last year moved away from London as their primary listing....
...Last year, British chip designer Arm opted for a US listing, while building materials group CRH, and plumbing business Ferguson have recently decided to list in the US....
...European industrial rivals CRH and Ferguson, both with substantial American divisions, have recently shifted or added a US listing in the hope of boosting their valuations....
...The group is switching its main listing in London and moving to New York, following in the footsteps of Irish buildings materials group CRH and other groups chasing higher valuations in the US....
...In the week last year when SoftBank chose New York for the listing of Arm at the same moment that building materials group CRH proposed a move to the US, I began to feel distinctly more cheerful....
...Among those that have moved their primary listings to the US are building materials group CRH, packaging company Smurfit Kappa and gambling group Flutter....
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