Kingspan shares soar 8% as it taps hopes for European economic recovery
London saw a new-year stock market rally with the Ftse-100 climbing by 2.6%.
Kingspan shares soared 8% as the Irish building products multinational tapped a new-year global stock market rally driven by hopes that the roll-out of vaccines will speed recovery in Britain and the rest of Europe.
The stock markets rally was most pronounced in London, with the Ftse-100, which has many internationally-focused firms, climbing by 2.6%, and also benefitting from the €9bn offer for Ladbrokes-owner Entain by US casino owner MGM Resorts.
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