Hardie's American turnaround gathers pace

Many hope the US recovery spurring on James Hardie will spread.

After Treasury Wine Estates and Orica last week, any mention of earnings revisions this late in the confession season tends to set hearts aflutter.

Building materials group James Hardie, the Australian listed, Irish domiciled operation with the bulk of its earnings in the US, managed to allay investors’ worst fears this morning with an update that on balance was an upgrade.

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