Kingspan shares up on Covid recovery sales but raw material costs rise

Shares in the building materials maker rose 1.5% on a sales update as the company highlighted a 'significant' pick-up in raw material costs  

Kingspan chief executive Gene Murtagh. Picture: Sam Boal/Rollingnews.ie

Shares in Kingspan rose 1.5% on a sales update but continue to trade below their all-time peak before the fallout of the Grenfell Fire Inquiry in London as the company also highlighted a "significant" pick-up in raw material costs.     

It comes as the recovery for the Irish building materials maker benefitted from British and continental building sites that never fully closed during the Covid pandemic this year.