|Bid||2,214.00 x 0|
|Ask||2,218.00 x 0|
|Day's range||2,183.00 - 2,281.00|
|52-week range||1,500.00 - 3,116.00|
|Beta (5Y monthly)||0.93|
|PE ratio (TTM)||5.36|
|Earnings date||26 Feb 2020 - 02 Mar 2020|
|Forward dividend & yield||0.74 (3.45%)|
|Ex-dividend date||12 Mar 2020|
|1y target est||27.82|
Hedge fund behemoth Bridgewater has shown its hand in Europe with roughly $15 billion in bets against companies on the continent and in Great Britain, filings reviewed by Reuters show. The world's biggest hedge fund manager's short positions amount to more than $5.3 billion in France and $4.7 billion in Germany, while in Spain its shorts add up to almost $1.4 billion and $821 million in three Italian companies. Hedge funds engage in the practice of 'shorting' by borrowing a stock from an institutional investor, such as a pension plan, and selling it back at a profit when the price drops.
This dividend-growing FTSE 100 company issued a positive outlook today. I’m ready to pounce on the stock.The post In these falling markets, I’d snap up stocks like this FTSE 100 stalwart appeared first on The Motley Fool UK.
CRH, hiked its full year dividend by 15% on Friday after strong organic growth and the impact of a major acquisition drove profits 25% higher year-on-year at the cash rich Irish building group. The world's second-biggest building materials supplier by market value reported core earnings of 4.2 billion euros, the first full year that it has benefited from its $3.5 billion acquisition of U.S. cement maker Ash Grove Cement. CRH, which embarked on its first share buyback programme in a decade in 2018 and generated 3.5 billion euros of cash last year, announced a full year dividend of 85 euro cents per share, up 15% year-on-year.
Often the real stock market winners are not the shares that look obviously cheap compared to book value or earnings but are instead the slightly more expensive8230;
* European stocks end up 0.1% after lower open * Focus on progress in U.S.-China trade talks * Compass outlook disappoints, shares tumble * S&P 500, Nasdaq and Dow Jones hit new record highs Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://firstname.lastname@example.org CLOSING SNAPSHOT: EUROPE UP (1708 GMT) European shares managed to shake off early weakness and progressively recovered to post a small closing gain, helped by The pan-regional STOXX 600 benchmark index ended up 0.1%, scoring its third consecutive session of gains, while elsewhere among country indexes positive signs prevailed.
Ireland's CRH reported a 9% rise in third-quarter profit on a like-for-like basis helped by strong demand and pricing which it expects to continue in 2020, lifting shares close to three-year highs on Tuesday. The world's second-biggest building materials supplier by market value said it expects 2019 earnings of 4.15 billion euros, including its European distribution unit which it sold for 1.64 billion euros this year. The increased earnings growth in the three months to the end of September was driven by a 12% year on year rise in its Americas materials division, where CRH is the biggest producer of asphalt for highway construction.
European stocks rose for the third straight session on Tuesday, lifted by hopes that the ongoing negotiations between United States and China would yield a trade truce. Swiss drugmaker Vifor Pharma was the top performer on the pan-European STOXX 600 after the company announced the success of avacopan as a treatment for a autoimmune disease in a trial. After a sluggish start, the STOXX 600 index gradually crept up 0.1% as major U.S. stock indexes notched record highs.
Investing.com -- Here is a summary of regulatory news releases from the London Stock Exchange on Tuesday, 26th November. Please refresh for updates.
Ireland's CRH, the world's second-largest building materials supplier by market value, has appointed Richard Boucher as its new chairman, replacing Nicky Hartery, who will retire at the end of the year. Boucher, who was chief executive of Bank of Ireland between February 2009 and October 2017, joined the CRH board in March 2018 and has been chairman of the company's remuneration committee since September of that year. Born in Northern Rhodesia, Boucher spent 37 years in banking in Ireland, the UK and the United States.
Shares in construction material group CRH (LON:CRH) have been in an uptrend in recent months, and the question now for investors is whether that price strength8230;
Target shares surged 20% and Lowe jumped 10%, helping lift Wall Street almost 1% on the day. The Federal Reserve board doesn’t seem to think so -- the July meeting minutes yesterday showed members united in wanting to signal they were not on a pre-set path to more easing. If we get more of that hawkish bent from Fed Chairman Jerome Powell at Jackson Hole tomorrow, it could well dash hopes for a prolonged easing cycle.
Ireland's CRH announced another 350 million euro ($388 million) round of share buybacks on Thursday after its earnings rose by 5% on a like-for-like basis in the first half and it said it expected further progress in the second half. The world's second-biggest building materials supplier by market value launched its first share buyback programme in a decade last year and had completed the repurchase of 1.35 billion euros of shares by the end of August. Having generated almost 11 billion euros of free cash flow over the last five years - representing an industry-leading conversion rate, according to Davy Stockbrokers - CRH has become a "cash machine", Chief Executive Albert Manifold told Reuters, as he also announced a 2% increase in its interim dividend.
Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Stock futures indicate a weak open in Europe as anxious investors avoid risky bets ahead of UK PM Boris Johnson's meeting with France's Macron today on Brexit, August PMI data from key euro-zone economies and the Jackson Hole summit on Friday. Eurostoxx futures are down 0.2% and the CAC and DAX futures are down 0.3%.
European funds managing $2 trillion in assets called on cement companies to slash their greenhouse gas emissions on Monday, warning that a failure to do so could put their business models at risk. With the extreme weather and natural disasters associated with climate change intensifying around the world, some asset managers are ramping up engagement with heavy polluters to demand a faster transition to a cleaner economy. “The cement sector needs to dramatically reduce the contribution it makes to climate change," said Stephanie Pfeifer, chief executive of the Institutional Investors Group on Climate Change, which has more than 170 members, mainly European pension funds and asset managers.
Irish building materials supplier CRH is selling its underperforming European distribution unit to Blackstone-backed private equity funds for 1.64 billion euros ($1.85 billion), including net debt. With the sale, the Dublin-based company, which provides cement, asphalt and other building materials, would completely exit the distribution business as it tries to improve core profit margins.
Irish cement maker CRH needs to press ahead with extensive structural improvements, activist shareholder Cevian told Reuters, adding that the company could double in value in the next three to five years if it does so. CRH has been on a $10 billion acquisition spree over the past four years, accumulating a complicated structure, but has now begun shedding some assets and put its $2.3 billion European distribution arm up for strategic review. U.S.-based peers Eagle Materials and Summit Materials have both attracted activist attention this year, and Cevian, Europe's biggest activist shareholder, disclosed its almost 3% stake in CRH in February.