Company watch: Kingspan sales spike despite fallout from Grenfell inquiry
LA-based Capital Group bought €105 million worth of the beleaguered building materials firm’s shares, pushing its stake above 6%
Kingspan announced a surprise profit boost and another increase in shareholding by a major institutional investor last week, but some analysts are warning that the company is still overshadowed by the Grenfell tower inquiry.
The Cavan-based company unexpectedly announced last week that its sales had leapt by 24 per cent in the three months to March 31 to €1.28 billion.
Under stock market rules, the unexpectedly strong trading performance meant the company had to bring ...
