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Stock impact report

FanDuel Owner Is the Latest to Ditch UK Listing for the US [BNN Bloomberg (Canada)]

CRH PLC Ordinary Shares (CRH) 
US:NYSE Investor Relations: crh.com/investors/results-centre
Company Research Source: BNN Bloomberg
The decision is a major blow to the UK, which has seen a number of companies opting out of its stock exchange. “We now anticipate that we will shift our prime listing to the New York Stock Exchange by the end of the month,” Flutter Chief Executive Officer Peter Jackson told reporters in Dublin on Wednesday, adding that the company saw the US as “our natural home.” The betting group first floated changing its primary listing from London to the New York Stock Exchange in January, shortly after launching a secondary listing in the US. A number companies have quit, or threatened to quit, the UK's stock exchange in recent years, with chief executives citing deeper capital markets, higher valuations and better executive pay as reasons to move. British drugmaker Indivior Plc said it would pursue a listing in New York this summer, Irish building materials company CRH Plc moved its primary listing to New York from London last September and the UK government notably failed to to convince Show less Read more
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