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Tag: Kerry Group

European stocks fall as car shares skid

European stocks fell on Thursday as car industry shares came under pressure after the US launched an investigation into auto imports, while stocks were also weighed down by US president Donald Trump’s decision to cancel a summit with North Korean leader Kim Jong-un. Dublin The Iseq market closed flat as decent gains for many stocks […]

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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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US-China trade concerns trouble global investors

Lingering concerns about the outcome of US-China trade talks and the potential for rising interest rates in the US troubled global investors on Thursday with major US indices falling 1 per cent. Falls in Europe were more muted with the Iseq underperforming the wider Stoxx 600 index which fell 0.75 per cent. Dublin The Iseq […]

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Apple’s rising tide lifts tech sector boats as shares gain across Europe

European shares rose on Wednesday, boosted by several strong earnings updates and a rising tech sector after results from Apple exceeded expectations. British shares also traded higher, posting a fifth session of gains in a row as metal prices boosted miners and first-quarter earnings reports lifted the market. US equities faltered as investors digested earnings […]

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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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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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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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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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European shares rise, but Wall Street turns lower

A flutter of cautious optimism on global trade helped European shares advance on Friday, sealing their third straight week of gains, although a turn lower on Wall Street after disappointing earnings undid some of the early advances. Many investors were assessing their positions ahead of the weekend, with both the trade uncertainty and Middle East […]

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European shares fall amid tensions between US and Russia

European shares fell on Monday as geopolitics kept investors on the sidelines as they weighed a warning from US president Donald Trump to Russia of imminent military action in Syria over a suspected poison gas attack. The pan-European Stoxx 600 index fell by 0.6 per cent to 376.18 points. DUBLIN The Iseq overall index declined […]

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