Kingspan shares surge but Grenfell shadow remains

The company had no role in the design of the cladding system used on Grenfell Tower but it still hasn’t fully shaken off the controversy

Kingspan has begun a corrective review of its UK insulation business over its role in the Grenfell Tower tragedy in 2017.

Shares in building insulation group Kingspan surged by more than 11% as it reported a strong start to the year and set out corrective measures for its UK business in response to issues raised at the inquiry into the Grenfell Tower tragedy.

Kingspan had no role in the design of the cladding system used on Grenfell Tower. A total of 72 people died in a devastating fire at the building, in west London, in 2017.