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Glass Lewis recommends vote against BP chair Manifold

Proxy adviser Glass Lewis has recommended that BP shareholders vote against Chair Albert Manifold, who took up the post in October, citing BP's decision to exclude a climate-related resolution from its upcoming annual meeting, according to a note seen by Reuters.

Business • 14 mins

BP flags $5 billion in energy transition impairments

Oil major BP said it expects to book $4 billion to $5 billion in fourth-quarter impairments, mainly tied to its energy transition businesses, as it reroutes spending to oil and gas to boost returns under new leadership including Chair Albert Manifold.

Business • 14 Jan

BP Chair Manifold urges faster oil and gas strategy shift

New BP Chair Albert Manifold told employees this week that the group's portfolio was "overly complex" and it needed to execute its strategy of shifting focus back to oil and gas faster, according to an internal memo seen by Reuters.

Business • 02 Oct 25

BP names Albert Manifold as new chairman

BP has named outsider Albert Manifold, the former boss of building materials producer CRH, as its new chairman today, as it grapples with a major strategy reversal in an attempt to turn around a weak share performance.

Business • 21 Jul 25

CRH said its total revenues rose by 4% to $10.5 billion for the three months from July to September

CRH's third quarter revenues rise by 4%

Building materials giant CRH has reported higher revenues and earnings for the third quarter of 2024 and reaffimed its guidance for the full year.

Business • 07 Nov 24

Outgoing CRH CEO Albert Manifold (left) and its incoming CEO Jim Mintern at the company's AGM recently

CRH's CEO Manifold to retire, Mintern named as new chief

Building materials giant CRH said its chief executive Albert Manifold has decided to retire and will be replaced by the company's chief financial officer Jim Mintern.

Business • 24 Sep 24

Dublin-based CRH makes about 75% of its profits in the US

CRH raises its full year guidance for 2024

CRH has today raised its full-year guidance after the largest building materials producer in the US and Europe reported a 12% rise in second quarter core profit.

Business • 08 Aug 24

CRH has reported a 'solid' start to the year - its seasonally least significant quarter

CRH reaffirms its full year guidance

Building materials company CRH has reported a 2% increase in revenues for the first quarter of 2024 to reach $6.5 billion after what it called a "solid" start to the year in the seasonally least significant quarter.

Business • 10 May 24

Albert Manifold, CRH chief executive (left) and Richie Boucher, chairman, pictured at the AGM today

CRH regrets difficulties faced by shareholders in US move

The chairperson of building materials group CRH has apologised to shareholders for difficulties that some of them experienced in the management of their shareholdings as a result of the move of the company's primary listing to the US.

Business • 25 Apr 24

CRH said its revenues rose by 7% to $34.9 billion in 2023 from $32.7 billion in 2022

CRH forecasts growth after beating 2023 profit target

CRH has forecast core profit growth of 6% to 10% in 2024 after the largest building materials producer in the US and Europe today posted 15% growth for 2023, topping its guidance.

Business • 29 Feb 24

CRH said its sales for the nine months to the end of September rose by 8% to $26.3 billion

CRH upgrades guidance, seals $2.1 billion Texas deal

CRH, the largest building materials producer in the US and Europe, has today announced a $2.1 billion acquisition of building materials assets in the high-growth Texas market and upgraded its full year core profit guidance.

Business • 21 Nov 23

The New York Stock Exchange welcomed executives and guests of CRH for the ringing of the opening bell

CRH shares start trading on New York Stock Exchange

Shares in building materials giant CRH have started trading on Wall Street as the company delisted from the Irish Stock Exchange after over 80 years of trading in Dublin.

Business • 25 Sep 23

CRH is the largest building materials supplier in the US and generated about 75% of its core earnings there last year

CRH's half year after tax profits rise by 26%

Building materials giant CRH has reported higher revenues and profits for the six months to the end of June and said it had a positive outlook for the full year ahead.

Business • 24 Aug 23

Albert Manifold, the CEO of building materials giant, got paid £10.38m last year

CRH CEO Manifold third best paid boss at FTSE company

The bosses of the biggest listed companies on the London FTSE index saw their pay surge by 16% last year as most workers saw their pay packets outstripped by inflation, according to new research.

Business • 22 Aug 23

CRH CEO Albert Manifold has predicted 'significant benefits' from the listing switch from London to New York

CRH shareholders approve listing switch to US

CRH shareholders have today approved a plan to move the building materials company's primary stock market listing to New York from London, with CEO Albert Manifold predicting "significant benefits" from the switch.

Business • 08 Jun 23

Albert Manifold, the CEO of CRH, has joined the board of Mercury Engineering

CRH's Manifold joins board of Mercury Engineering

Albert Manifold, the chief executive of buildings materials group CRH, has joined the board of Dublin-based engineering company Mercury Engineering as a non-executive director.

Business • 04 May 23

CRH said that sales and EBITDA in the first quarter of 2023 were ahead of the same time last year despite some adverse weather conditions

CRH expects US profit boost but Europe 'challenging'

Building materials giant CRH has reported a positive start to the year in what is a seasonally quiet period for the business.

Business • 26 Apr 23

CRH said its revenues for 2022 rose by 12% to $32.7 billion

CRH's 2022 profits rise as it plans US listing

Shares in CRH jumped today after the building materials giant announced plans to buy back shares worth $3 billion, a more than three-fold increase on last year on the back of record sales and profits for 2022.

Business • 02 Mar 23

CRH to set up new $250m venture capital unit

CRH, the world's second-largest building materials supplier, has announced the establishment of a new venture capital unit.

Business • 16 Dec 22

CRH is the world's second-largest building materials supplier

CRH's US operations compensate for European slowdown

CRH, the world's second-largest building materials supplier, has reported higher sales and earnings for the nine months to the end of September and confirmed its full year guidance of about $5.5 billion - well ahead of last year.

Business • 22 Nov 22

CRH has worst CEO to employee pay ratio in FTSE 100

Buildings materials company CRH has the worst CEO to median employee salary ratio of any FTSE 100 company, according to an analysis by Tortoise Media.

Business • 18 Nov 22

CRH's H1 revenues up 14% despite volatile environment

Shares in building materials group CRH rose today after it reported stronger half year revenues and earnings despite what it called a "challenging and volatile cost environment".

Business • 25 Aug 22

CRH reports a positive start to 2022

Building materials company CRH has reported a positive start to the year with first quarter group sales, EBITDA and margins ahead of the same time last year.

Business • 20 Apr 22

CRH is the world's second-biggest building materials supplier

CRH eyes earnings of over $5.25 billion for 2021

Building materials CRH said that sales for the first nine months of the year rose by 11% compared to the same time last year as it expects its earnings for the full year to be in excess of $5.25 billion.

Business • 23 Nov 21

Albert Manifold, CRH's chief executive, said the company reported a 'superior performance' for the six months to the end of June

CRH builds up higher H1 revenues and profits

Building materials group CRH has reported higher revenues and profits for the six months to the end of June with trading benefitting from a positive underlying backdrop in both North America and Europe.

Business • 26 Aug 21