Fuel retailer’s shares rise 4%

Fuel forecourt retailer Applegreen has said its pipeline of petrol filling stations is strong as it outlined expansion plans in Ireland, the UK and the US.

Shares in Dublin rose as much as 4% as Applegreen chairman Daniel Kitchen told the company’s AGM that the trading performance of the business for the first four months of the year had been in line with the board’s expectations, adding there had been good growth in the food side of the business.

The company has added 16 sites since the beginning of 2017 made up of filling stations, dealer sites and service areas. Four petrol stations and five dealer sites have been added in Ireland, while there have been three petrol stations in the UK as well as a motorway service station in the North.