The ISEQ Index outperformed European peers, driven by a wave of positive results.
The Irish Stock Exchange outperformed European peers on Wednesday, driven by a wave of positive quarterly earnings from listed companies.
Shares in AIB rose by 0.98 per cent to €4.13, after the bank hiked its full-year net interest income forecast for a third time in 2023 on Wednesday. A number of ISEQ heavy hitters also benefited from sectoral gains, contributing to a general boost for the index. Paddy Power parent company Flutter Entertainment rose by 3.45 per cent to €153.05, while budget airline Ryanair was up by 3.28 per cent to close at €14.65.
Clothing retailer Next gained 3.6 per cent as it raised its annual profit outlook for the fourth time in six months, following better-than-expected sales in the third quarter. Among individual movers, Danish offshore wind developer Orsted plunged by 25.69 per cent. It announced it had dropped the development of two US wind projects, following a third-quarter profit miss and large impairment charges.
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