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Tag: CRH

Italian political crisis sees risk appetite wither in Europe

Politics dominated markets on Monday, with risk appetite withering in Europe as Italy lurched toward fresh elections. The region’s shares and currency reversed early gains. Holidays in the US and UK also slowed trade. DUBLIN Traders complained that business in Dublin was “very, very quiet”, largely thanks to the closure of New York and London […]

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Italian politics dominate markets on a day when US and UK holidays slowed trade

Politics dominated markets on Monday, with risk appetite withering in Europe as Italy lurched toward fresh elections. The region’s shares and currency reversed early gains. Holidays in the US and UK also slowed trade. DUBLIN Traders complained that business in Dublin was “very very quiet”, largely thanks to the closure of New York and London […]

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CRH surge gives concrete boost to Iseq

Where CRH goes, so too goes the Iseq. The Irish market has gained as much as 12 per cent from its lows in March, coming this week within 40 points of its February highs – which themselves had marked the Irish stock market’s highest level in more than a decade. The move had been fuelled […]

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European stocks lifted by deals but Iseq drops

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 […]

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Banking and mining stocks buck trend as shares slide

European shares dipped on Thursday although sectors such as banking and mining provided investors with some respite. DUBLIN Airline Ryanair fell 1.18 per cent to €15.50. There was no news behind the fall but traders suggested that it was on the back of concerns about oil price rises. Cement giant CRH dipped 0.7 per cent […]

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Smurfit Kappa gains in Dublin after positive trading update

Healthcare and technology companies led gains in European equities on Friday as the euro slipped amid mounting concern about the region’s economic outlook. Financial stocks recovered some earlier losses incurred after disappointing earnings reports from BNP Paribas, Société Générale and HSBC. Wall Street was led by gains for Apple after Berkshire Hathaway, the company owned […]

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Irish shares dip as European traders enjoy May Day break

Irish shares dipped on Monday, taking their cue from early weakness on Wall Street, as traders across continental European markets and much of Asia took the day off to enjoy May Day. Markets were shut for holidays in many countries including Germany, France, Italy, Spain, China, Hong Kong, Singapore and India. The Iseq index ended […]

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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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