The decision by CRH to move from the City is understandable, but the group should avoid complacency

Will the last company to leave the London Stock Exchange please turn out the lights?

Actually, the position is not – yet – as bad as that. Building materials group CRH, which, at £31.7bn, is the 19th largest company in the FTSE 100 index, said it will be heading for the exit but its reasons for planning to switch its primary listing to the US aren’t silly.

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