Obama stimulus plan to aid CRH

CRH will benefit from Barack Obama’s $30 billion (€23bn) stimulus plan, which will be used to build highways and bridges across the US.

Davy Stockbrokers said the plan could see CRH’s total group earnings jump between 10% and 15% a year over the next three years. CRH shares fell 40c to €18.20 yesterday.

The money will be spent within three years and at least 50% of it must be obligated and contracts awarded within 120 days of the act being signed into law.