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Month: April 2018

European shares end April on a high as UK merger shakes up retail

A multi-billion pound merger between British supermarket Sainsbury’s and Asda shook up retail stocks on Monday while European benchmarks ended April with their strongest monthly gains since 2016. The pan-European Stoxx index rose 0.1 per cent while Germany’ s Dax gained 0.3 per cent, buoyed by investors’ improved risk appetite as inter-Korea tensions eased and […]

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Conroy Gold discovers another gold zone at Monaghan site

Irish exploration company Conroy Gold and Natural Resources has discovered another gold zone at its Clontibret, Monaghan, site. The ongoing drilling at Conroy’s site comes as a result of a drilling programme announced in February. This is the second find of an “extensive gold zone” as Conroy identified success in an area south of the […]

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Honeymoon period over for Kerry chief as agm looms

As chief executive honeymoon periods go, Edmond Scanlon’s first 12 weeks as chief executive of Kerry Group were pretty impressive, with the value of the third-largest company on the Iseq soaring 16 per cent to an all-time high of €16.6 billion just before Christmas. But the market love-in has since faltered, with the stock down […]

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Sterling drop weighs on Iseq as European shares advance

The Iseq index stood out as a weak spot across European markets on Friday as a drop in the value of sterling against the euro as a result of weaker-than-expected UK economic figures weighed on sentiment. The Iseq index fell 0.2 per cent to 6,798.38 points, resulting in a 0.4 per cent decline for the […]

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ECB meeting spurs fall in euro, boosting stocks

A fall in the euro, as the European Central Bank kept policy unchanged, boosted European stock markets on Thursday although the Iseq slightly underperformed the pan-European Stoxx 600 index. However, positive moves for CRH and Smurfit Kappa helped the Iseq overall close above Britain’s FTSE which underperformed European peers following disappointing results from oil major […]

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Sterling slips to five week low ahead of GDP data

Sterling slipped to a five-week low on Thursday as investors grew wary about the outlook for the British currency before a central bank meeting next month and the dollar consolidated gains after a sharp rally this week. The British currency edged 0.1 per cent lower at $1.3915, taking its losses so far this month to […]

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Bond yield worries send shares lower

Worries over rising bond yields and falling metals prices trumped well-received earnings updates from Kering and Credit Suisse on Wednesday, sending European shares to a one-week low. Wall Street was also tracking lower after warnings by top US firms about rising costs fuelled worries that corporate earnings may have peaked. Concern remained over higher bond […]

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AGMs, Apple’s back tax, betting tax and the sale of hundreds of Dublin apartments

It’s a busy morning on the Irish corporate front with figures out from CRH, while AIB, Glanbia and Tullow Oil all hold agms. Glanbia directors are expected to come under fire at its agm in Kilkenny over the price it pays farmers for milk and how it funds various supplier support schemes. The company last […]

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European shares choppy as earnings fail to set trend

European shares steadied on Tuesday as a batch of company updates failed to set a clear trend and chipmakers were weighed down by a warning of a downturn in orders by Austria-based chipmaker AMS, which supplies Apple. The pan-European STOXX 600 benchmark ended flat at the end of a choppy day, marginally weighed down after […]

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Oil prices rise for a third day

Oil rose for a third day amid geopolitical tensions in the Middle East and expectations for a decline in US crude stockpiles. Futures in New York climbed as much as 1 per cent, set for the highest close since late 2014. A measure of oil volatility rose the most in two weeks amid concern that […]

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