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Tag: Melrose

European shares post worst quarter in two years despite M&A lift

Merger and acquisition activity gave European shares some relief on Thursday after a tech-led sell-off across global markets earlier in the week, but the Stoxx 600 still posted its worst quarter in the last two years. The Stoxx 600 ended the month on a positive note, up 0.44 points at 370.87 points, but closed the […]

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Irish bank shares rise over tax pledge but US tech stocks take a beating

Shares rose generally yesterday with most European indices bar Germany’s Dax up. Bank of Ireland and AIB rose on news that the Minister for Finance, Paschal Donohoe, has pledged to allow lenders keep the ability to write off losses wracked up during the financial crisis against future corporate taxes. The move prompted stockbroker Davy to […]

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Mixed trading across Europe as worries persist over Trump’s tariffs

The Iseq in Dublin was flat as trading remained choppy across Europe on geopolitical concerns. Engineering firm GKN and miners dragged the FTSE 100 into the red, with a broker downgrade for Just Eat also weighing on the London market. The S&P 500 and the Dow Jones Industrial Average in New York fell as worries […]

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Trump’s tariffs plan batters industrial stocks

The Irish Stock Exchange in Dublin was closed on Friday due to the incelement weather. European shares fell to six-month lows after Donald Trump said the US would impose tariffs on imported steel and aluminium, prompting worries about a global trade war. Such concerns sparked a broad sell-off in Europe, weighing particularly on the export-oriented […]

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European shares inch lower on day of corporate news

European shares inched lower on Wednesday as declines in luxury fashion brand Burberry and educational publishing company Pearson weighed on the pan-European FTSEurofirst 300 index, which dipped 0.24 per cent. World shares have rallied at the start of 2018 on optimism for continued strong global growth and improving corporate earnings, with many analysts expecting the […]

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European shares inch lower

European shares inched lower on Wednesday as declines in luxury fashion brand Burberry and educational publishing company Pearson weighed on the pan-European FTSEurofirst 300 index, which dipped 0.24 per cent. World shares have rallied at the start of 2018 on optimism for continued strong global growth and improving corporate earnings, with many analysts expecting the […]

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Carillion collapse weighs heavily on UK and European equities

On the first day of a new trading week US markets were closed on account of Martin Luther King day. Meanwhile, Ireland’s benchmark Iseq overall index edged up by 0.08 per cent, beating its UK and European peers. Both UK and European stocks fell on Monday, with Carillion’s collapse causing investors to establish the disruption […]

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