Data from Spain, France and Germany indicated that inflation remained sticky, feeding fears that the ECB would remain hawkish for longer
Meanwhile, consumer price inflation in the 20 countries sharing the euro currency rose 8.5 per cent in February, compared with an increase of 8.6 per cent a month earlier on lower energy prices, but the reading was still above 8.2 per cent projected in a Reuters poll of economists.Dublin’s bourse outperformed its European rivals, rising 2 per cent to 8,393.
Cairn Homes saw its shares rise 2.7 per cent to 99 cent after it reported “strong sales momentum” in 2023. The Irish home builder saw operating profits rise 76 per cent to €103 million last year, while revenues climbed 46 per cent to €617.4 million as the construction industry recovered from its extended pandemic stoppages.dropped 0.9 per cent after the betting company reported full-year core profit at the lower end of its forecast range.
Other stocks trading ex-dividend included The Berkeley Group Holdings and Hargreaves Lansdown, which fell 2 per cent and 2.2 per cent respectively. Beazley Still, the global equity market momentum has stalled of late as investors price in steep prices and higher rates. Credit Suisse tumbled 7 per cent and hit a fresh record low following reports this week about talent leaving the beleaguered Swiss bank. Flutter’s 0.9 per cent fell as it reported full-year core profit at the lower end of its guidance range.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
All eyes on Jakob Ingebrigtsen as Irish aim for European medals in IstanbulDarragh McElhinney hopeful his finishing speed can help challenge for a podium place in 3,000m at the European Indoor Championship
Read more »
Banks and utility stocks lead European markets lowerMining giants and luxury goods groups make gains after strong economic data from China
Read more »
Tourists with Spain and Portugal holidays booked warned of strict tourism rulesPortugal and Spain are among two popular holiday destinations introducing stricter rules to reduce the amount of tourists entering the areas every summer. Spain and Portugal have made some changes in the hopes of reducing yearly visitors
Read more »
Mark English forced to withdraw from European Indoor ChampionshipsPrevious medallist ‘not in a position to do himself justice’ due to illness.
Read more »
Social Democrats leader objects to north Dublin data centre planDublin data centre plan draws opposition on basis of 'antiquated grid' concerns even though developers do not plan to connect to grid until it is updated
Read more »