Luxury groups buoyed by optimistic outlook for Chinese economy
Kerry Group was also in the red, with the food company sliding 3 per cent to €88.66, while Bank of Ireland closed flat at €9.13.The FTSE 100 nudged down almost 0.3 per cent as investors weighed December inflation data, which eased further from the previous month but still hovered in double-digit territory. The mid-cap FTSE 250 also slid about 0.3 per cent.
British luxury retailer Burberry rose 3.3 per cent after chief financial officer Julie Brown said she was seeing “very promising” signs in China so far this month, even as the luxury group’s sales growth slowed to 1 per cent in the quarter ended December. ASM International jumped 9.8 per cent after the Dutch semiconductor supplier reported fourth-quarter revenue ahead of its forecast, citing better-than-expected supply chain conditions and higher conversion of the backlog.
Tesla rose 1.5 per cent for the second straight session as analysts noted the electric-vehicle maker’s recent price cuts to top models gave it a competitive edge.
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.
Car rams into Grafton Street store before thieves make off with luxury clothesThieves rammed a car into the front of a Hugo Boss store around 4.30am causing extensive damage. They then made off with an unknown quantity of clothes from the luxury fashion retailer.
Read more »
Roy Keane buys luxury home in Ireland’s most expensive apartment developmentThe former Ireland and Manchester United captain and his wife agreed a deal for the Dublin 4 property just before Christmas
Read more »
Hospital overcrowding part of European trend, HSE to tell committeeConditions in emergency wards unacceptable, senior management to tell Oireachtas health committee
Read more »
European shares hit near nine-month highReal-estate and retail stocks help offset losses in commodity-linked sectors
Read more »
Aidan O’Brien in pole position for Classics after Little Big Bear confirmed European champion juvenileRonan McNally gives veteran chaser The Jam Man first start on Dundalk all-weather
Read more »
Man pleads guilty to murdering ‘vulnerable’ Chinese pensioner with axeOliver Doran (24) changed plea to guilty on Tuesday, asking victim’s family for forgiveness
Read more »