Equities mixed as inflation fears on the rise again via IrishTimesBiz
Healthcare services company Uniphar sank 3.5 per cent even as its 2022 results showed revenue and profit rose, with strong performance and growth across its divisions.
In finance, AIB and Bank of Ireland were up almost 3 per cent on what was a strong day across Europe for the banks. Disappointing company updates from chemicals company Croda and quality control specialist Intertek also weighed on the UK’s leading index.The pan-European Stoxx 600 index fell 0.15 per cent on the day, but was still on track for a roughly 2 per cent gain this month, its fourth positive month in five.Earlier, data showed France’s EU-harmonised consumer prices rose to a record 7.2 per cent in February, while Spain’s EU-harmonised 12-month inflation stood at 6.1 per cent, up from 5.
Meta Platforms rose 3.2 per cent after the Facebook parent said it was creating a new top-level product group focused on generative artificial intelligence.
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