Smurfit shares took a battering yesterday even though the Dublin market was closed. Fading hopes for a deal with International Paper and an acquisition by rival DS Smith saw the group take its biggest one day hit on the London market since the Brexit vote, writes Joe Brennan. Storm Emma and the “Beast from the East” that shut down the country earlier this year will cost insurers €39 million, according to new estimates from Insurance Ireland. That is less than the cost of Storm Ophelia, which hit insurers for €45 million. Irish IT services company Version 1 has bought London firm Cedar Consulting, its sixth UK acquisition over the last five years.

Source: The Irish Times June 05, 2018 06:11 UTC