Davy Stockbrokers ups earnings forecast for CRH

CRH is expected to post earnings of €3.1bn and €3.3bn for this year and next, respectively, after having reported earnings of €2.2bn last year.

Davy Stockbrokers has upgraded its forecasts for the building materials giant, having previously predicted respective annual earnings of €3.03bn and €3.23bn.

CRH is due to publish its first half 2016 figures on August 25. Last month, the group upgraded its own half-year earnings guidance from €1bn to €1.1bn.