Iseq index gave back 0.76% on Thursday, slightly outperforming its European peers
Paddy Power owner Flutter added 1.3 per cent to close at €140.75 per share, carried along by a sectoral move in the gaming and entertainment industry. Traders in Dublin said the sector was buoyed by reports earlier in the day that Coral and Ladbrokes owner Entain has accelerated its plans to exit a number of unregulated markets where it no longer sees a path to domestic regulation.
Cairn Homes, down more than 1 per cent to 98c per share, also showed some softness while housebuilder Glenveagh, up more than 2 per cent also to 98c, managed to buck the broader trend.UK’s commodity-heavy FTSE 100 fell on Thursday, with energy firms and material stocks dragging the benchmark index lower, while shares of bootmaker Dr Martens slumped to a record low after its annual profit warning.Energy heavyweights Shell and BP fell between 1 and 1.
Energy and exploration stocks slipped oil fell for a second day. Swedish explorer Orron Energy fell as much as 9 per cent, French energy company TotalEnergies shed as 1.7 per cent and German utility Uniper tumbled 2.6 per cent.US stock indexes fell on Thursday as worries about a looming recession crept into the foreground of the earnings season, while shares of Procter & Gamble fell after the company warned of cost pressures.
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