Latest news with #IseqAllShare
Business Post
3 days ago
- Business
- Business Post
Irish and European markets tick lower in midday trade
The Iseq All Share has closed in the red, ending the day up 1.85 per cent since previous...
Business Post
3 days ago
- Business
- Business Post
Investors flock to oil and gold as market volatility returns
The Iseq All Share has closed in the red, ending the day up 1.85 per cent since previous...
Irish Times
09-06-2025
- Business
- Irish Times
European investors cautious as China-US trade talks consume attention
European shares eased in cautious trade on Monday as investors avoided making big bets pending the outcome of Sino-U. S. trade talks in London. The pan-European STOXX 600 ended slightly lower at 553.24 points, after four straight sessions of gains, its longest consecutive winning streak in three weeks. Dublin Falling slightly from a peak in afternoon trading, the Iseq All-Share index ended the session at a record close of 11,651.80, rising 29.59 points, or 0.25 per cent. READ MORE Shares in Glanbia plc rose 1.50 per cent to €12.83, following the commencement of the company's share buyback scheme on Friday. The Irish food group purchased more than 70,000 of its own shares at an average price of €12.6283. It was a good day of trading for the banking sector. Permanent TSB rose 1.68 per cent to €12.83, and Bank of Ireland rose 0.93 per cent to €12.48. Bank of Ireland remained largely static, dropping 0.14 per cent to €7.07. Insulation specialist Kingspan, remained largely static in trading on Monday after making gains last week following the announcement that it would increase its planned investment in the US roofing business to $1 billion over the next five years. Shares rose 0.26 per cent to 75.75. In housing and construction, Glenveagh rose 1.14 per cent to €1.77, Irish Residential Properties REIT increased 0.93 per cent to €1.09, and Cairn Homes rode the rising sectoral tide to €2.19, up 0.92 per cent. It was a mixed day for leisure and travel stocks, hotel group Dalata rose 0.32 per cent to €6.25, while Ryanair fell slightly, down 0.08 per cent, to €24.26. London The blue chip FTSE 100 index fell 5.63 points, 0.1 per cent, to 8,832.28. The more domestically focused FTSE 250 ended up 128.63 points, 0.6 per cent, at 21,285.91. On the FTSE 100, M & G rose 3.2 per cent as UBS upgraded to 'buy', but WPP fell 2.8 per cent after it said Mark Read will step down as chief executive officer at the end of 2025 after seven years leading the company. In London, shares in Cordel plunged 12 per cent after it warned full-year revenue will be lower than forecast. The London-based company, which uses artificial intelligence to supply transport corridor analytics, expects to report revenue in the range of £4.7 million (€5.6 million) and £5 million for the financial year to June 30th. It would represent growth of up to 12 per cent from £4.4 million the year before. But chief executive John Davis said it will be 'lower than forecast', despite the firm making 'excellent strategic progress' in the financial year. Broker Cavendish lowered its financial 2025 revenue forecast to £4.8 million from £6.2 million. Elsewhere, Dunelm fell 3.9 per cent after RBC Capital Markets downgraded to 'sector perform' from 'outperform', while, Trustpilot slid 5.8 per cent as Panmure Liberum slapped a 'sell' rating on the company. Europe The pan-European Stoxx 600 index remained largely unchanged, down 0.072 per cent, in a quiet day when several markets were closed due to holidays. Trading was thin as markets in Switzerland, Denmark and Norway were among those closed due to the Whit Monday holiday. The utilities sector was among the biggest losers. Often tracked as a bond proxy – a slide in Eurozone bonds pressured the index. China said on Friday that it was willing to accelerate the examination and approval of rare earth exports to European Union firms. Automakers – a sector vulnerable to any rare earth supply disruptions – was flat. Among individual stocks, Spectris soared 60.1 per cent after the scientific instruments maker said it would accept a 3.73 billion pounds (€4.43 billion) bid from Advent. New York Wall Street's main indexes were mixed in mid-amidafternooning on Monday as investors watched a fresh round of US-China negotiations aimed at mending a trade rift that has rattled financial markets for much of the year. Top officials from both countries have kicked off discussions at London's Lancaster House, looking to get back on track with a preliminary trade agreement struck last month that had briefly cooled tensions between the world's largest economies. Nvidia gained as most megacap and growth stocks were up. Tesla was down marginally after brokerage Baird downgraded the stock to 'neutral'. Warner Bros Discovery shares jumped after the company said it would separate its studios and streaming business from its fading cable television networks. Robinhood Markets fell after S&P Dow Jones Indices left S&P 500 constituents unchanged in its latest rebalancing, following recent speculation that the online brokerage would be added to the benchmark index. – Additional reporting, Reuters, PA.
Business Post
05-06-2025
- Business
- Business Post
Meta enters 20-year contract for nuclear energy as AI power demands increase
08:38 Commercial Property 08:38 Commercial Property Investors and developers in search of a prime industrial investment and development... DUBLIN The Iseq All Share opened in the red on Thursday, falling slightly by 0.02... Long queues and midnight store openings have marked the global launch of Nintendo's... Meta Platforms has signed a 20-year deal with the largest US nuclear power operator... In its annual report on money flowing into the energy sector, the IEA predicted a... Budget carrier Wizz Air on Thursday reported an annual operating profit that fell...
Business Post
04-06-2025
- Business
- Business Post
German chancellor Friedrich Merz plans €46bn in corporate tax breaks to boost economy
DUBLIN The Iseq All Share bucked market trends, trading in the red at market open... The Iseq All Share opened in the red this moring, trading 0.18 per cent lower at... The government is considering extending forthcoming planning exemptions to attic... The Health Service Executive (HSE) has purchased a prime development site in Seatown,... Artificial intelligence startup Cohere is seeking to raise more than $500 million... Germany's new government will seek to pass a €46 billion package of corporate...
