Smurfit Kappa up in Dublin as Europe cheers positive earnings

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Smurfit Kappa up in Dublin as Europe cheers positive earnings via IrishTimesBiz

said on Tuesday it made an offer to buy Vodafone Italia. The Financial Times reported Iliad has offered more than €11 billion for the unit.Volkswagen was among the top boosts to the index, up 6.1 per cent, as a Reuters story fuelled hopes there could be news on a potential listing of its Porsche brand at the group’s annual press conference scheduled for March 15th.

Broader European sectors were buoyed by optimism over strong earnings in French funds manager Amundi and Norway’s Equinor. The Stoxx 600 has regained about 0.6 per cent of its value this month after shedding 4 per cent in January as traders digest surging inflation readings, hawkish central bank comments, and a slew of earnings numbers.

Adyen rose 11.5 per cent after the Dutch payments company said prospects for its business remained strong as it reported a 51 per cent jump in core earnings.surged by 7.9 per cent after saying sales will improve this year and lifted its 2023 revenue target.jumped nearly 20 per cent, after it posted strong quarterly results and flagged positive future earnings.

 

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