A handful of Irish-related shares, including Tullow Oil, Glanbia and Bord Gáis owner Centria, were among the big stock market losers in Europe in the past year. Flutter Entertainment, which owns Paddy Power and Betfair, as well as Ryanair and Kerry Group were, however, among the big winners.
For an oil and gas explorer, the news that the Brexit referendum result was a “seismic” shift in favour of Leave made compelling reading. Brexit is a timely reminder of the potential future energy issues that might be faced by the island of Ireland.
Britain’s largest energy supplier Centrica has raised £700m (€889m) in a surprise share sale to pay off debt and protect its credit rating after being hit by weak energy prices and tough retail market competition.
Bahrain-based Arcapita Bank has hired JP Morgan to lead a share listing for Irish energy firm, Viridian Group, two sources familiar with the matter said on Thursday, in a deal that one said could give the firm a value, including debt, of nearly £1bn (€1.25bn).
With over 600,000 retail customers and 30,000 business customers for gas and electricity already established on this island together with Irish gas soon to be piped ashore, the selling, by our Government, of Bord Gáis and the modern gas power plant at Whitegate is a blunder of monumental proportions.