Highway obligations jump; bolt-ons continue

  • Sectors : Building Materials
  • Companies : CRH

Ratings and price correct at time of issue.

  • CRH

    Closing Price: 2886c

  • RATING 23/05/12

  • PREVIOUS RATING 12/01/12



US highway obligations improved again in May after falling materially around the turn of the year. That suggests that state spending is picking up strongly following the disruption of the government shutdown and protracted budget talks. CRH, meanwhile, continues to pursue its bolt-on acquisition strategy with another deal completed by its Infrastructure Products unit. The group’s financial strength allows it to simultaneously pursue accretive bolt-on transactions and buy back its own shares.

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Jun 12 2019, 08:05 IST/BST