ICG rides out the storm of cost-reduction turbulence

20th February, 2010

Now that the waters have calmed at Irish Continental Group with the exit of troubled property developer Liam Carroll, the focus is back on business at the Irish Ferries firm, with Davy Stockbrokers issuing a positive note on the company in recent days.

ICG’s pluses include the fact that it has a young fleet with no need for capital expenditure for the rest of the decade. It has a sustainable earnings flow, and will be...

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