Irish stock market challenged by departure of key companies

The departure of CRH and Flutter highlight difficulties Irish and European stock markets are facing

Euronext Dublin could see trading volumes come back from the banks as the Irish Government sells down its shares in AIB and Permanent TSB. Picture: Maxpix

Come this time next month, the Euronext stock exchange in Dublin will be facing difficult prospects on its equities market as one of its biggest companies CRH delists and switches to New York as it pursues potentially greener pastures and higher profits which come with portraying itself as an American company.

The Irish-based building supply company — formed in 1970 — has ample reason to move its listing to the US, but as one of the most traded companies on the Euronext Dublin platform, it is leaving behind a gaping hole which is unlikely to be filled anytime soon.