Insulation panel maker Kingspan set to leave London stock exchange but maintain Dublin listing, reports show rise in sales in Q1

Insulation panel manufacturer, Kingspan, has announced that it plans to leave the London stock exchange, but will maintain its listing in Dublin. The company attributes this decision to the fact that current trading on the London exchange accounts for a negligible amount of its overall trading, with the majority of its shares traded in Dublin. Despite a sluggish performance in its insulation business, Kingspan’s first quarter sales rose by 4 percent to approach €2bn due to strong performance in its data centre and flooring businesses. However, insulated panel sales were down 5 percent, credited to the rise in inflation experienced in the same period the previous year.