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Month: March 2018

European shares post worst quarter in two years despite M&A lift

Merger and acquisition activity gave European shares some relief on Thursday after a tech-led sell-off across global markets earlier in the week, but the Stoxx 600 still posted its worst quarter in the last two years. The Stoxx 600 ended the month on a positive note, up 0.44 points at 370.87 points, but closed the […]

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Investors jittery but tech stocks gain as the US awaits key inflation data

US stock index futures rose on Thursday, as investors await key inflation data and as beaten down technology stocks posted slim gains after a roller coaster week for Wall Street. The three major indexes are on track to log their worst quarter in more than two years on concerns over a global trade war and […]

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Irish bank shares rise over tax pledge but US tech stocks take a beating

Shares rose generally yesterday with most European indices bar Germany’s Dax up. Bank of Ireland and AIB rose on news that the Minister for Finance, Paschal Donohoe, has pledged to allow lenders keep the ability to write off losses wracked up during the financial crisis against future corporate taxes. The move prompted stockbroker Davy to […]

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Fang stocks drag US indices, Asian shares hit hard

Asian shares fell on Wednesday after Wall Street was knocked hard by concerns about tighter controls on the tech industry, denting a brief global equities recovery driven by hopes that the risk of a US-China trade war was easing. They extended losses further after China’s state-run Global Times reported China will soon announce a list […]

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Providence finds partner for Barryroe field

Oil and gas explorer Providence Resources has sold a 50 per cent stake in its Barryroe prospect off the south coast of Ireland to a Beijing-headquartered company which will finance half of the costs. The 50 per cent sale, known in the industry as a farm-out agreement, has been agreed with APEC, a privately owned […]

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Irish Stock Exchange trading surges as Euronext completes €159m deal

Share trading and debt and fund listings have surged on the Irish Stock Exchange so far this year, chief executive Deirdre Somers said, as the 225-year-old firm completed a deal to be taken over by Euronext. Speaking on a call with analysts on Tuesday, Ms Somers said turnover in cash equities has jumped 42 per […]

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Clare-based explorer advances plans for ‘major’ drilling scheme

An exploration company with prospecting licences for more than 32,000 hectares in Co Clare is advancing plans for a major drilling programme. Hannan Metals, listed in Toronto, is to begin drilling to test geological, seismic and soil targets on its zinc, lead and sliver prospect at a site near Ennis known as Kilbricken. The Kilbricken […]

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European shares surge as US-China trade war fears ease

European shares powered ahead on Tuesday as concerns over a trade war between the US and China abated, with Permanent TSB standing out as a strong spot in Dublin amid reignited hopes that it will be able pursue a politically-palatable non-performing loans sale. The pan-European Stoxx 600 index gained 1.2 per cent, with all sectors […]

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Clare-based explorer advances plans for ‘major’ drilling programme

A base metal exploration company with prospecting licenses for over 32,000 hectares in Co Clare is advancing plans for a major drilling programme. Hannan Metals, listed in Toronto, is to begin drilling to test geological, seismic and soil targets on its zinc, lead and sliver prospect at a site near Ennis known as Kilbricken. The […]

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Euronext completes acquisition of Irish Stock Exchange

Euronext has completed its acquisition of the Irish Stock Exchange, following regulatory approval of the deal. The deal means the ISE now operates under the business name Euronext Dublin, joining Euronext’s five other core countries. Deirdre Somers will remain as chief executive of the newly named body, and will join the managing board of Euronext […]

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