Kingspan earnings forecast cut

KINGSPAN, the largest timber-frame building manufacturer in Ireland and Britain, had its earnings forecast for the next two years cut sharply by 22% and 28%.

The cut by Goodbody Stockbrokers saw 5.26% wiped from the group’s share price in Dublin, which closed at €7.20, down 40c on the day.

Earnings this year for the group, best known for its industrial insulation products, were left unchanged.