Shares in specialist building materials group Kingspan rose almost 3% as it said it had offered €700m for the insulation division of Belgian mattress firm Recticel.

Here’s a run down of today’s business headlines.

Kingspan has continued its early year acquisition activity by taking full control of the industrial insulation products joint-venture it shares with Belgian group, Recticel.

CAVAN-based building materials group Kingspan has reportedly had a €240 million approach for a Belgian insulation business turned down.