CRH shares claw back more losses as materials giant sets aside €675m for global Covid hit

Building products company said it was still in line to post earnings of €3.7bn for 2020

CRH chief executive Albert Manifold. Comparable earnings in the third quarter were ahead of 2019 levels, helped by its cutting costs and paying lower energy bills. Picture: Gary O'Neill

Shares in CRH have clawed back some more of their steep declines since the onset of the Covid-19 pandemic, as it revealed it will set aside $800m (€675m) for the global disruption to its operations this year, in particular in Britain and India. 

In an update, the building products giant said it was still in line to post earnings of $4.4bn (€3.7bn) for 2020, in line with market expectations, despite the $800m (€673m) hit.