Kingspan shares move little despite its first big acquisition since Grenfell probe

Kingspan's shares have been slow to recover having taken a hit last year from the company's inclusion in a probe into the Grenfell tower disaster in London.

Kingspan shares showed little movement despite the Co Cavan-based building insulation group making its first large acquisition since the inquiry into its role in the Grenfell tower block disaster in London eroded its share value late last year.

Kingspan has agreed to buy Danish insulation business Logstor for around €253m. The deal is expected to gain regulatory approval and be completed around the middle of this year. Kingspan will fund the purchase from its existing credit facilities.