London move is not without its risks

Looked at in isolation, the announcement by United Drug that it is exploring the possibility of delisting from the Irish Stock Exchange and moving to the London Stock Exchange makes perfect sense.

Even though it is an Irish company, 70% of its revenues come from its overseas operations. Moreover, its future growth potential hinges on further expansion of its international business.

The London Stock Exchange is the biggest in the world and offers a much bigger pool of investors and liquidity for a company such as United Drug than Dublin ever could.