One51’s ICG stake in spotlight

ANALYSTS are awaiting the next installment at investment group One51.

In the aftermath of the sacking of chief executive Philip Lynch, analysts are particularly focused on the future of the company’s stake in shipping group Irish Continental (ICG).

One51 — which comprises an environmental services division called ClearCircle and shareholdings in ICG and renewable energy group NTR — terminated Mr Lynch’s contract on Friday, saying it had been considering succession planning for some time.