Dalata shares see 9% bounce on Brexit confidence

Dalata Hotel Group shares surged by nearly 9% after it expressed confidence in riding out continued Brexit uncertainty and the effects of the higher Vat rate on the domestic tourism and hospitality sector.

The stock also climbed on the back of a strong set of first-half financial figures from the largest hotels group in the country. However, Dalata's share value has still plummeted 32% in the past 12 months.