German consumers face higher prices for goods across the board as more and more companies in Europe's largest economy decide to pass on increased production costs, driven by widespread supply shortages and a spike in energy prices.
By Reuters Staff
(Adds details from earnings call)
MONTERREY, April 29 (Reuters) - Mexican cement producer Cemex reported on Thursday a more than 15-fold jump in first-quarter profit, beating analyst expectations and sending its stock price surging.
The global cement giant said the results were boosted by higher sales in the United States and in Mexico, as well as by higher cement volumes in most of its markets and higher product prices in Mexico and across Latin Americas plus the Caribbean regions.
In early morning trading, shares of the company rose 4.85% to their highest level since October 2017.
Cemex’s net income during the first three months of the year rose to $665 million in the quarter from $42 million in the same period last year.
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DUBLIN, March 4 (Reuters) - Ireland’s CRH, the world’s second-biggest building materials supplier, is resuming share buybacks and on the prowl for bigger acquisitions, buoyed by a 5% rise in full year earnings and record cash generation.
CRH launched its first buyback programme in a decade in 2018 and had bought 1.8 billion euros ($2.2 billion) worth of stock before pausing it when the COVID-19 pandemic struck last year.
Senan Murphy, CRH’s chief financial officer, told Reuters on Thursday that the world’s largest buyer of cement would look at further buybacks each quarter, but that would also depend on how much cash it decides to spend on acquisitions.
Companies are improving the way they report about their impact on the climate, Norway's $1.3 trillion sovereign wealth fund said on Thursday, having long called for fuller disclosures.