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Ryanair mulls delisting from London Stock Exchange
The Ryanair board is considering delisting its shares from the London Stock Exchange due to a lull in trading.
Trading on the LSE has ‘reduced materially’ in part due to post-Brexit rules regarding shareholdings of EU businesses.
The European Union has imposed rules that airlines are majority owned by EU nationals, and some UK investors were forced to sell shares to comply.
The board is ‘now considering the merits of retaining’ a listing on the LSE.
The airline has a primary listing in Dublin.
It came as Ryanair reported its first pandemic net profit.
It reported a €225 million net profit as travel restrictions were lifted in the UK and around Europe.
First half losses narrowed to €48 million, as it carried 39.1 million passengers in the half.
Ryanair said it has seen a spike in booking volumes in October but warmed of a ‘challenging’ winter period ahead with high fuel costs.
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