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Greencore must convince investors it has drawn line under US woes

May 19, 2018

Greencore shares have recovered almost half their ground since slumping 30 per cent four days before St Patrick’s Day as the convenience foods group warned that problems in its US business would lead to weaker-than-expected earnings this year. Chief executive Patrick Coveney will be hoping that he can draw a line under the US woes […]

Economy

London Stock Exchange has laid out plan for trading link with Shanghai

May 18, 2018

London Stock Exchange Group has laid out a blueprint for its long-awaited trading link with Shanghai, an initiative that will further China’s efforts to integrate with the international financial system. The London-Shanghai Stock Connect will allow companies from China to sell global depository receipts in the UK, and enable London-traded firms to list similar securities […]

Economy
 

Euro continues to fall as Italy agrees on a government

May 18, 2018

The anti-establishment 5-Star Movement and far-right League on Friday published their joint government programme, promising a major spending spree that will likely put Italy on a collision course with the European Union. If they receive the backing of their supporters in swift, informal ballots planned over the next three days, the coalition government could take […]

Economy

Oil stocks and online supermarket Ocado buoy European equities

May 17, 2018

European shares rose on Thursday to a fresh three-month high as oil stocks rallied and online supermarket Ocado shot up after it signed a game-changing deal in the United States. The pan-European Stoxx 600 ended up 0.7 per cent, while Italy’s benchmark index bounced 0.3 per cent following heavy losses in the previous session on […]

Economy

Italian political risk scares investors but Europe closes higher

May 16, 2018

Irish stocks edged higher on Wednesday while a weak euro provided support to the broader European market. In Italy, investors on the Milan bourse were scared off after the country’s two anti-system parties made progress in forming a coalition – thus potentially freeing up billions for tax cuts and welfare. Britain’s FTSE 100 was driven […]

Economy

Strong performance by oil stocks boosts European shares

May 15, 2018

European shares inched up aided by a strong performance from oil stocks boosted by news of an increase in crude prices. DUBLIN Former Ires Real Estate Investment Trust chief executive David Ehrlich sold 11.8 million shares to the listed landlord’s biggest investor Capreit for €1.3773 each. However, the news had little impact on the Ires […]

Economy

Revenue at ISE owner Euronext rises 16% in first quarter

May 15, 2018

The owner of the Irish Stock Exchange saw revenue rise 16 per cent in the first quarter of the year, lifted by revenues from cash trading, along with market data and indices. Euronext, which completed its acquisition of the Irish Stock Exchange earlier this year, said revenue rose to to €146.7 million, with cash trading […]

Economy

Paddy Power Betfair drags Iseq into the black

May 14, 2018

Weak financial stocks weighed on European shares on Monday after a strong run of weekly gains, while dealmaking livened up trading. UK shares fell slightly following a strong run, while a potential bidding war for IWG triggered a surge in the serviced office provider’s stock, the latest deal in a flurry of mergers and acquisitions. […]

Economy

Argentine peso falls to record low

May 14, 2018

The Argentine peso fell to a record low as the central bank changed its strategy to protect the currency and the International Monetary Fund said it would not set any exchange-rate targets for a standby loan. The peso dropped 5.5 per cent to 24.6 per dollar at 11:03am in Buenos Aires, pushing the decline this […]

Economy

European stocks lifted by deals but Iseq drops

May 11, 2018

European shares edged higher on Friday, capping off their longest weekly winning streak for more than three years as investors mulled a slew of mergers and acquisitions (M&A) activity. The pan-European STOXX 600 index ending up 0.1 per cent, scoring its seventh straight week of gains and the longest winning streak since March 2015. Dublin […]

Economy