STOCKS LINKED to developer Liam Carroll suffered sharp falls on the Irish stock market yesterday, as investors shied away from companies in which the troubled property developer has a significant stake.
Food group Greencore, of which Mr Carroll owns close to 30 per cent, tumbled 7 per cent to close at €1.06.
Ferry operator Irish Continental Group, in which he has a stake of just over 29 per cent, also came under pressure yesterday. At one point the stock touched €9.50, a fall of 50 cent, although it finished unchanged at €10.00.
AIB, which has the largest exposures arising from Mr Carroll’s developments, came under pressure, dipping to €1.57, but it recovered to finish at €1.73.
Mr Carroll will seek the appointment of an examiner to his Zoe group of companies next Monday.
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