CRH promises 10% return

CRH, a leading global building materials group, told an investor day in London recently its core focus will be to deliver a 10% return on investment capital over time.

The group said while the short-term outlook for its earnings is uncertain it is confident it can boost return on investment as the global economic climate starts to pick up.

Davy Research said management stressed the fact it has the financial clout to embark on more than €1.5 billion in takeovers over the next 18 months.