Shares in Irish Ferries firm sink 5%

Shares in ICG sank 5% as the Irish Ferries-owner signalled up the uncertainty it faces from the fall in sterling that may put off British tourists travelling across the Irish Sea.

ICG earns most of its revenues from ferry and freight crossings and its Eucon container business in Dublin and Belfast and is one of the Irish companies that are vulnerable to Brexit uncertainty. Investors focussed on the company’s Brexit warning, as new results for the first six months and a trading bulletin up to August 24 were more difficult than usual to disentangle.