Share boost for Applegreen but Brexit fears loom

Shares in fuel retailer Applegreen rose more that 4% yesterday as it reported a 20% increase in profits for the year to the end of June, compared to the same period last year.

Chief executive Bob Etchingham warned that customers in the UK, an increasingly key market along with Ireland and the US, have become “nervous” because of Brexit.

Applegreen said it will continue to look at potential acquisitions in Ireland, the UK, and US, adding that an upturn in construction has been a boon to its foodcourt offering in the Republic, where it has a market share of around 15%.