STOCK WATCH

SHARES in insulation specialist Kingspan sank after a sharp fall in demand.

The company, which has 15,000 staff and 156 manufacturing sites in 70 countries, said it has seen the ‘mood deteriorate over the last two months’ with orders down ‘significantly’ in May and June.

Demand for its insulated panels used in walls and ceilings – by far its largest product – has been particularly hard hit.

Shares fell 10.3pc, or 7p, to 60.98p yesterday.