CRH is understood to be unlikely to move for any of the UK assets that road surfaces company Tarmac is being instructed to sell, despite speculation to the contrary.

Readymix’s sale is set to be concluded next month after the building materials group’s shareholders unanimously recommended the move yesterday.

The ISEQ index of Irish shares closed down 0.3% at 3,202 this evening.

Readymix shareholders have voted in favour of the cement company's takeover by Spanish firm Cemex.

Readymix shareholders will vote on the proposed €27.4m takeover of the company on Apr 5.

Directors of Readymix areconsidering a takeover approach from majority shareholder Cemex, which would most likely see the Irish cement producer leave the Irish Stock Exchange.

Readymix is expecting its total losses for 2011 to amount to €54 million.

Readymix in a trading statement issued today said revenues fell 15% in 2011 with pre-tax losses for the year expected to be around €54m.

READYMIX’s share price shot up by over 500% yesterday on the back of it entering talks which could lead to the takeover of the company.

FIRST-QUARTER losses at building materials provider Readymix widened by €400,000 to €4.2 million this year, with revenue for the first three months of the year down by 27%, year-on-year.

THE ISEQ began the week after the bank holiday weekend with a loss of 28.88 points to 2,976.29. Other European shares slipped after a strong recent run, dragged back by mining stocks on the back of lower metals prices.

SHARES in Readymix — the Dublin-headquartered cement product and building materials provider — fell by 10% in early trading yesterday on the back of the company announcing that a potential sale of the business is now unlikely to materialise.

SHARES in building materials company Readymix soared over 40% yesterday, on news that the cement products specialist has received a takeover approach.

BUILDING materials company Readymix has reported a pre-tax loss of €6.6 million for the first half of the year and has said that it may need fresh capital for long-term development projects.

READYMIX is anticipating making another full-year loss in 2010, as trading conditions in the second half of the year are unlikely to pick up significantly.

YET another construction materials company has been accused by its haulage drivers of giving them insufficient work to make the repayments on €150,000 trucks bearing its livery.

MOBILE phone giants Vodafone last night confirmed that they are in sponsorship negotiations with Dublin GAA chiefs.

BUILDING materials and cement products company Readymix has reported a significant lowering of losses for the third quarter of the year and for the current year to date, on the back of its continued cost restructuring moves.

READYMIX is considering the sale of certain non-core assets in the wake of the economic and property market downturns eating into product demand and financial results in the first half of the year.

READYMIX has forecast it will post a pre-tax loss of nearly €7 million for the first half of this year.

A major supplier to the construction industry announced plans today to ignore the paralysis in the sector and make a £2m (€2.14m) investment in a new plant in Belfast’s Titanic Quarter.

THE Irish exchange soared 157 points yesterday despite a profit warning from Ireland’s biggest recruitment company CPL Resources. The ISEQ was at 6,114 at the closing bell.

BUILDING solutions firm, CEMEX Ireland has awarded the electricity supply rights for 48 sites across the island of Ireland to electricity provider Energia, in a three year deal worth over €1.7m.

CEMEX Ireland has awarded the electricity supply rights for 48 sites across the island of Ireland to electricity provider Energia, in a three-year deal worth over €1.7m.

THE Dublin Excchange closed in negative territory in line with European bourses.

Quarry equipment manufacturer CDE, based in Cookstown Co Tyrone, today announced a £5.4m (€7.6m) investment in an expansion which will create 40 new jobs.

Building materials group CRH has announced that it is to acquired the Cemex readymixed concrete and concrete block operations in Florida, US in a deal worth €170m.

Two multi-national firms have announced plans to lay off a total of 130 workers in Co Clare and Co Kildare.

IT was another black day for Irish shares yesterday which lost about €4.5 billion and saw 4.7% wiped from share values.

The ISEQ was in freefall this morning, dropping 352.10 points to 7469.22.

CRH has announced that it is in negotiations with CEMEX that may lead to the acquisition of certain Cemex assets located in the United States and in Europe.

THE board of Readymix said yesterday that Ignacio Ortiz has been appointed non-executive director and will join the Readymix board with immediate effect.

READYMIX says its operating companies here and in the North will trade under the Cemex brand from today.

Hanson shares jumped 6% today as investors bought into speculation that he building materials group had received and subsequently rejected a takeover approach.

The Board of Readymix plc announced today that it has entered into an arms length commercial agreement with CEMEX S.A. for the implementation and ongoing servicing of a proprietary business model and information technology systems.

Sergio Martinez has been appointed finance director of Readymix, joining the board from June 1.

ISEQ-listed building materials company Readymix has appointed Roger Gonzalez to the position of group managing director.

CONCRETE group Readymix has appointed two new directors to its board, following the recent takeover of majority shareholder RMC by Mexican cement giant Cemex.

Irish concrete group Readymix’s majority shareholder RMC has postponed the court hearing required to approve its takeover by Mexican cement giant Cemex.

The Irish Takeover Panel has granted a waiver to Mexican cement company Cemex which means it will not be obliged to mount a full takeover bid for Irish cement group Readymix.

P&O has announced the appointment of John Parker to become the group's next chairman.

Oil prices pushing perilously close to the $50 mark left the London market in the doldrums today.

One of the UK’s biggest industrial companies was today set for Mexican ownership after agreeing to a £2.3bn (€3.3bn) takeover offer.