Lafargeholcim Ltd (LHN.S)
18 May 2018
Wed, May 9 2018
* Shares down 1.3 pct (Adds trader comment, share reaction, context)
ZURICH, May 8 LafargeHolcim reported a 13 percent fall in first-quarter earnings as the world's largest cement maker embarks on its new strategy under new Chief Executive Jan Jenisch.
ZURICH, May 8The Swiss blue-chip SMI was seen opening 0.1 percent lower on Tuesday, according to premarket indications from bank Julius Baer.
India's Ambuja Cements Ltd, part of global conglomerate LafargeHolcim Ltd, posted a 10.2 percent rise in its first-quarter profit, underpinned by higher cement sales volumes.
May 4 India's Ambuja Cements Ltd, part of global conglomerate LafargeHolcim Ltd, posted a 10.2 percent rise in its first-quarter profit, underpinned by higher cement sales volumes.
* Former Lafarge Chairman Collomb also to leave board (Adds comment from Schmidheiny spokesman)
ZURICH LafargeHolcim's new chief executive set out his plan on Friday to revive the company's fortunes by cutting costs, selling assets and focusing on fewer markets as the world's biggest cement maker announced a $4 billion write off. | Video
* Shares fall more than 7 percent (Adds comparison with rivals, details from CEO, share price)
ZURICH LafargeHolcim has bought Kendall Group, an aggregates and ready mix concrete maker in southern Britain, in the first acquisition by the Swiss company's Chief Executive Jan Jenisch since he took charge last September.
* LAFARGEHOLCIM TO INVEST CHF 200 MILLION TO DRIVE FURTHER GROWTH IN INDIA