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Tag: Investec

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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Investec upgrades outlook for hotel group Dalata

Investec has upgraded its outlook on hotel group Dalata, increasing its earnings expectations by 5 per cent and raising its price target to €7.20. Shares in the group, which owns the Clayton and Maldron hotel chains, currently trade around €6.40 on the Irish Stock Exchange. Investec’s previous price target was €6.45. The report, written by […]

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Euronext says Irish Stock Exchange deal ‘key’ to further M&A

The chief executive of Euronext, the pan-European stock market operator, said on Monday that the group’s deal late last year to buy the Irish Stock Exchange (ISE) was “absolutely key” for the group as it eyes another wave of consolidation across the industry. Speaking on a call with analysts after Euronext reported full-year results, chief […]

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Euronext says Irish exchange deal ‘key’ to further M&A

The chief executive Euronext, the pan-European stock market operator, said on Monday that the group’s deal late last year to buy the Irish Stock Exchange (ISE) is “absolutely key” for the group as it eyes another wave of consolidation across the industry. Speaking on a call with analysts after Euronext reported full-year results, chief executive […]

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White House seeks to calm nerves over stock market sell-off

The White House sought to play down the global stock market rout yesterday, insisting that the fundamentals of the US economy were strong and brushing off the recent sell-offs as a normal market correction. Markets in the United States and across the globe underwent a third day of volatility, but much of the panic of […]

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Dublin market has volatile day influenced by wild trading in US

The Irish stock exchange was a sea of red by the close of trading on Tuesday, with just five Dublin-listed shares finishing the session in positive territory after a volatile day that was influenced by wild trading on US markets. The main Iseq index finished the day down just over 1.4 per cent on heavy […]

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Goodbody chief vows no job cuts as Chinese investor circles

Goodbody Stockbrokers’ managing director moved on Monday to reassure his 310 staff that there will be no job cuts or strategy change after it emerged the group has attracted a Chinese suitor in a deal that could be worth more than €100 million. Roy Barrett, who has led Goodbody since 1996, confirmed in an e-mail […]

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European stocks decline for third day, but New York makes gains

European stocks fell at the end of a choppy day in which sellers prevailed, sending the Stoxx 600 benchmark down for a third straight day to its lowest level in nearly four weeks, while outsourcer Capita plummeted after a profit warning, dragging London down. However, Wall Street stocks gained in early trading, pulling out of […]

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Pharma giant Sanofi’s takeover of rival dominates European markets

Numbers from chip-maker AMS and pharma giant Sanofi’s takeover of rival Abylynx dominated European markets at the start of that will see many companies reporting results. DUBLIN Traders reported movement in a number of stocks, but said overall volumes were below average. Food industry stocks overall were weak. Ingredients and convenience foods specialist Kerry Group […]

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