Ryanair stock declined 2.42 per cent to close at €15.14, after the company said shareholders will have to wait until at least next year before the airline restarts returning cash to them. Chief executive Michael O’Leary said the group would pay off its debt, with €1.6 billion in bonds falling due in the coming months, and cover €2.5 billion in spending. Mr O’Leary also appeared to rule out large share buy backs in the future, with modest, steady dividend payments instead.CRH rose 0.
Details were sparse, but the business said it may not have followed anti-money laundering and know your client best practices in the Middle East when dealing with some VIP customers. It suspended VIP accounts in the region with immediate effect. Investors were less concerned by a breach at JD Sports which could have given hackers access to the personal details, though not debit card numbers, of 10 million customers. Shares closed down 0.5 per cent.
Limiting declines on the STOXX 600, UK-based consumer goods giant Unilever rose 1.3 per cent after announcing a new chief executive.