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

Decision by CRH a set back for PM's hope of making City a more attractive place for companies to list

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.