DCC is latest to flee to London

City A.M. Reporter
IRISH services group DCC became the latest firm to ditch the Irish stock market in favour of a sole London listing.

The distribution group, which is currently dual-listed, will delist from the Irish Stock Exchange on 3 May.

It will then join the main market of the London Stock Exchange, and will cease to be traded in euros.

It is expected that DCC will join the FTSE 250 later this year.

DCC will also begin reporting its results in sterling, the currency in which it makes the majority of its revenues.

The firm follows a string of Irish firms to move to a London listing including CRH, which is now part of the FTSE 100, and United Drug.