Belfast Telegraph

CRH boss Manifold sells off €3m in shares

Shares sale: Albert Manifold
Shares sale: Albert Manifold

By John Mulligan

CRH boss Albert Manifold has sold almost €3m (£2.7m) worth of shares in the building materials giant, which owns Northern Ireland construction firms Farrans and Northstone.

The sale, detailed in stock exchange filings, brings his total share sales so far this year to almost €6m. Earlier this year, Mr Manifold sold €2.8m of shares in the Irish company.

Meanwhile, a stock exchange filing yesterday showed that CRH non-executive director Richie Boucher has bought almost €200,000 worth of shares in the group. Mr Boucher, the former head of Bank of Ireland, joined the CRH board last year.

When releasing interim results last week, CRH said revenue was 11% higher at €13.2bn.

CRH said trading in the first six months of the year benefited from positive underlying demand in Europe and North America. Its revenue for the period was boosted by acquisitions and tailwinds from favourable currency exchange movements. While markets in continental Europe and North America were positive, CRH noted that construction activity in the UK continued to decline because of Brexit-related uncertainties.

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