Advertisement
UK markets closed
  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     
  • FTSE 250

    19,719.37
    -80.35 (-0.41%)
     
  • AIM

    754.05
    -0.82 (-0.11%)
     
  • GBP/EUR

    1.1632
    +0.0004 (+0.04%)
     
  • GBP/USD

    1.2432
    -0.0020 (-0.16%)
     
  • Bitcoin GBP

    51,926.82
    -1,495.59 (-2.80%)
     
  • CMC Crypto 200

    1,397.20
    -26.90 (-1.89%)
     
  • S&P 500

    5,053.26
    -17.29 (-0.34%)
     
  • DOW

    38,352.44
    -151.25 (-0.39%)
     
  • CRUDE OIL

    82.82
    -0.54 (-0.65%)
     
  • GOLD FUTURES

    2,340.30
    -1.80 (-0.08%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     
  • DAX

    18,088.70
    -48.95 (-0.27%)
     
  • CAC 40

    8,091.86
    -13.92 (-0.17%)
     

HeidelbergCement sees benefits from Trump victory in medium term

FRANKFURT, Nov 9 (Reuters) - Germany's HeidelbergCement (Amsterdam: HC6.AS - news) sees benefits in the medium term from an expected renewal of U.S. infrastructure by presidential election victor Donald Trump after a period of uncertainty that will delay investment decisions.

"In 2017 in America we'll see first of all a brake on investments," Chief Executive Bernd Scheifele told reporters on a conference call after the company - one of the world's top cement and aggregates suppliers - reported quarterly results on Wednesday.

He said he expected a rise over time in the value of the U.S. dollar that would help compensate for investment caution. HeidelbergCement (LSE: 0MG2.L - news) makes about a quarter of its sale in dollars.

HeidelbergCement shares rose 1.1 percent by 1014 GMT, one of the few German blue-chip gainers, and the European construction and materials index rose 0.8 percent. (Reporting by Georgina Prodhan; Editing by Maria Sheahan)