HeidelbergCement AG (HEIG.DE)
15 Feb 2019
FRANKFURT Cement maker HeidelbergCement on Monday said it would deliver proceeds of about 500 million euros ($573 million) in asset sales in 2018, putting it on track for 1.5 billion in planned disposals by the end of 2020.
* Shares reach highest level since Oct. 5 (Recasts, adds details from conference call, updates shares)
FRANKFURT, Nov 8 HeidelbergCement on Thursday said it would cut costs and investments, only weeks after the world's second-largest cement maker slashed its profit outlook on a weak U.S. construction market and higher-than-expected energy costs.
ZURICH The world's largest cement maker LafargeHolcim cut its profit expectations for 2018 on Friday, blaming rising energy and other costs.
* Shares open 4.6 percent higher (Adds CEO comments, analysts, share price)
* Shares drop as much as 10.3 percent (Recasts, adds details on U.S. business, shares, analyst)