CRH shares sink despite more buys and uptick in US infrastructure approvals

Shares in CRH fell by more than 3% despite signs of a recovery in roadbuilding contracts in the US and the group strengthening its building products business there.

The Irish building materials giant's shares have fallen by around 11% over the past 12 months. Europe's largest activist investor, Cevian Capital, bought into CRH earlier this year and is expected to grow its stake.