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Rising US Treasury yields affect shares as Europe edges ahead

European shares edged up on Monday as a rise in US Treasury yields helped lift bank stocks to nearly five-week highs, more than offsetting a disappointing update from UBS and losses among bond-proxy sectors. London’s blue-chip index made gains as the pound continued to fall on expectations that the Bank of England would delay an […]

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Bank bonus reform could bring down the Government

It’s four years since AIB’s then chairman, David Hodgkinson, made a failed attempt to persuade the minister for finance of the day, Michael Noonan, to support the reintroduction of share bonus plans for top executives. He probably felt emboldened as the bank was on the cusp of returning to profitability following a €20.8 billion bailout, […]

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CRH shares soar while INM recovers lost ground

Shares in CRH soared the most in eight months on Friday, lifting Dublin’s Iseq index, as investors mulled over comments made by the building materials group’s chief executive, in which he said that options to increase shareholder value are under careful review. Meanwhile, the pan-European Stoxx index held steady at the end of a strong […]

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CRH shares soar most in eight months

Shares in CRH soared the most in eight months on Friday, lifting Dublin’s Iseq index, as investors mulled comments from the building materials group’s chief executive where he said that options to increase shareholder value are under careful review. Meanwhile, the pan-European Stoxx index held steady at the end of a strong week as a […]

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Galantas Gold records €1.28m losses

Galantas Gold, the Canadian group that wants to develop a controversial gold mine in Tyrone, has reported net losses of more than two million Canadian dollars (€1.28 million) for 2017. Latest end of year results for the Toronto and AIM listed gold developer show it had a cash balance of 779,758 Canadian dollars on its […]

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Surging oil prices boost FTSE but Wall st lingers in the red

Earnings and trade anxiety set the tone on stock markets, amid a mixed slate of results. The FTSE 100 in London rose after commodity stocks were boosted by surging oil prices and merger & acquisition (M&A) activity, but European shares ended the day flat, while Wall Street also lingered in the red. Dublin The Iseq […]

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Glanbia rises as over 500,000 of its shares changes hands

European markets rose on Wednesday as miners gained from metal price increases and strong company results boosted investors’ confidence. DUBLIN Food group Glanbia climbed 2.58 per cent as more than 500,000 of its shares changed hands. Kerry Group rose by 1.41 per cent to €86.20. Danone, one of Europe’s biggest dairy companies, reported strong results […]

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Markets rise as geopolitical tensions ease

European shares rose on Tuesday to their highest since the end of February as sentiment on tensions between the US and Russia eased and attention shifted to deal-making and the first-quarter earnings season. Britain’s FTSE 100 advanced as sterling retreated from its highest level since the Brexit vote. US stocks rallied for a second day […]

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European shares dip ahead of new US sanctions on Russia

European shares fell on Monday as investors awaited new US sanctions on Russia, while losses were limited as the market expected there would be no immediate military escalation in Syria following the weekend’s American-led strike. Trading remained cautious as tensions between Western powers and Russia persisted and markets braced for new US sanctions on Russia […]

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Aluminium touches 6 year high on force majeure threats

Aluminium prices touched a new six-year high on Monday as the dollar fell and after Rio Tinto said on Friday it would declare force majeure on some of its customer contracts following US sanctions on its partner Rusal. Benchmark aluminium on the London Metal Exchange rose 2.7 per cent to $2,347 per tonne in official […]

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