GOING DOWN: Blue Circle Industries
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.BLUE CIRCLE Industries was the biggest faller in the FT-SE 100 last week. The UK's largest cement company, which was down 7 per cent, said it plans to sell a heating-products division, as it warned business this year will be "challenging".
Brokers savagely downgraded their forecasts for the company.
Blue Circle didn't divulge a price or name a prospective buyer for its heating unit, whose products include Potterton boilers and Myson radiators. It said its business in Asia, a major growth region for cement companies, is "well down" from last year's level.
The company is looking beyond Europe for expansion, and it has shed units to focus on building materials.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments