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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Blow to London Stock Exchange as big FTSE 100 firm moves to New York

CRH London New York Rishi Sunak Sunak United Kingdom United States
A worker shelters from the rain under a Union Flag umbrella as he passes the London Stock Exchange
CRH’s relisting comes amid broader concerns over London’s status as a global financial hub. Photograph: Toby Melville/Reuters

The FTSE 100 will lose one of its biggest companies after the building materials group CRH said it plans to move its primary stock market listing to the US, in a further blow to Rishi Sunak’s ambitions for London as a global financial centre.

CRH, which has its headquarters in Dublin, said it will aim for “US equity index inclusion as soon as possible” in a statement to the stock market.

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