Kingspan

Sales at Irish insulation specialist Kingspan Group rose 3% in first nine months of year, buoyed by a 6% rise in Q3

Dublin’s Iseq finished up 2.25% while FTSE rebounds

Wall Street tumbles after warnings from Microsoft and Meta Platforms about escalating AI costs

Cavan-based company also disclosed it has not yet set aside any provisions for a potential fine stemming from the investigation

Deal comes in same week as firm said it had taken majority stake in Nordic Waterproofing

Irish food groups retreat while Dalata finishes flat

Iseq retreats slightly as food groups fall

Cavan-based insulation maker says move will lift its annualised roofing and waterproofing revenues to approximately €1bn

Mixed day for banks and building firms on Irish market

Iseq down 0.96% while Stoxx Europe 600 Index ended session 0.2% lower

Stoxx Europe 600 Index climbed 0.6% with auto stocks gaining the most after EU voted to impose tariffs on EVs from China

Oil spikes amid fears Israel may strike Iranian refining infrastructure

A continued relationship would be ‘incompatible’ with charity’s values, says spokeswoman

AIB and Bank of Ireland slide slightly as Kingspan edges higher

Traders optimistic after the US Federal Reserve chairman Jay Powell signalled a series of cuts are likely to follow

Expectations of a hefty rate cut in Washington growing while Bank of England is expected to hold fire following last month’s cut

Banking stocks rise on Irish market as Ryanair retreats

Irish banking stocks fall and food companies have subdued day

Irish golfer ended his partnership with construction firm Kingspan on Tuesday following publication of report into fire in which 72 people died

Grenfell United survivors’ group: ‘We first presented Shane Lowry with the Inquiry’s evidence 3 years ago, so we are pleased he has made the right decision’

The best news, analysis and comment from The Irish Times business desk

Investors shake off Cavan company’s woes

If anyone thought there would be questions about the CEO’s position, there is no sign of them from investors

In the wake of the damning report on the Grenfell fire, staying on as a brand ambassador for the Cavan-based insulation company flies in the face of the wishes of survivors’ groups

US employment numbers due on Friday

Inferno enveloped the 24-storey tower in less than three hours, claiming the lives of 72 people

Irish building firm Kingspan among those criticised in long-awaited report into fire that killed 72 people in 2017

Irish multinational ‘knowingly created a false market’, report on 2017 disaster finds

FTSE, European stocks and US markets all retreat

Grenfell Tower fire: Report on fire which killed 72 people in London highlights failures of UK government, building materials companies, contractors, fire safety experts and local council officials

US markets close for Labor Day, while traders contemplate September, which can be treacherous month for markets

Market in Dublin climbs 0.5% as it is buoyed by a strong showing from budget airline Ryanair following O’Leary comments

Company says it expects to deliver better performance in the second half with trading profit growth anticipated

Iseq index slips 0.4% amid declines for Glanbia and Ryanair

Euronext Dublin rose 0.6% but traders note market muted with trading volumes down about 25%

Financials and tech stocks worst hit as indices show a sea of red

Standout performer in Dublin was healthcare services group Uniphar, which finished up 6.8% after positive trading update

Irish market ends the day down, with Dalata and Glanbia the big fallers

Airline’s shares slide 17% on the back of poor results and a pessimistic outlook for summer fares but analysts expect recovery

Iseq index shed 0.6% despite relief for Ryanair