Construction materials group St Gobain scraps 2020 outlook

PARIS (Reuters) - French construction materials group St Gobain on Monday withdrew its 2020 financial outlook as a result of the global coronavirus pandemic and added it would be stepping up cost-cutting measures.St Gobain said it would be targeting a far bigger cut in 2020 capital expenditure than the 200 million euro reduction initially planned by deferring all possible projects scheduled in the coming months.St Gobain added it had a sufficiently solid financial position to be able to cope..