Business Irish

Friday 24 May 2019

CRH and Kingspan results put in focus

Photo: PA
Photo: PA
Gavin McLoughlin

Gavin McLoughlin

It will be another busy week for half-year results, with CRH and Kingspan among the Irish PLCs due to update the markets.

CRH is due out on Thursday and investors will be looking for the company to bounce back from a sluggish first quarter, where performance was weighed down by the weather.

Kingspan will report on Friday. It also had a choppy first quarter because of the weather and a tough trading environment in the UK. A further update on Britain will be watched closely.

Today, Kenmare Resources is releasing its results.

It has been a remarkable few years for the company, which nearly went bust but is now performing well, with good production from its ilmenite mine in Mozambique.

Figures on the numbers of new dwellings being built here are due to be released tomorrow. Elsewhere, new US tariffs are due to come into effect on Chinese goods, with China promising to retaliate.

Greece is due to exit the last of its recent bailout packages today and tomorrow, Michel Barnier and UK Brexit secretary Dominic Raab are to hold talks, while foreign companies announcing earnings include Qantas.

Irish Independent

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