Profit-Taking and Fresh Falls by Crh Hurt Dublin ; Iseq Briefing: Closed at 2,599.88 Down 76.50 [Eire Region]
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Summary
THE Dublin market fell sharply yesterday after last week's rally as investors cashed in and CRH continued to decline after its profit warning last week.
Shares in CRH fell by 76c to E17.46 after a report from Davy Research said the global cement market is not out of the woods yet, with the slowdown in demand showing little signs of improving soon.See the full content of this document
Extract
Profit-Taking and Fresh Falls by Crh Hurt Dublin ; Iseq Briefing: Closed at 2,599.88 Down 76.50 [Eire Region]
Cement down-cycles tend to last two to three years, it said. Margins for cement firms in the early 1990s peaked in 1989 at a...
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