Smurfit Kappa lifts Iseq on subdued day for European stocks

European shares ended lower on Wednesday, pressured by losses in real estate and technology, while UK stocks were buoyed by metal miners as investors digested its inflation data.

Investors grappled with a slower-than-anticipated decline in services price inflation in May, which the Bank of England believes offers a clearer view of medium-term inflation risks, although headline inflation fell to its 2 per cent target. Basic resources stocks added 0.6 per cent, tracking a rebound in metal prices and leading sectoral gains.

The European Commission said France and six other countries should be disciplined for running budget deficits in excess of European Union limits, with deadlines for reducing the gaps to be set in November. The French benchmark Cac 40 closed nearly 0.8 per cent lower as French stocks continued to suffer in the wake of French president Emmanuel Macron’s decision to call a snap election.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Smurfit Kappa invests more than €30m in Spanish sustainability projectsLaunch of both events attended by group chief executive Tony Smurfit as company prepares for major merger
Source: IrishTimes - 🏆 3. / 98 Read more »

Smurfit Kappa chair signals shareholders have backed merger with WestRockCompany requires approval from investors holding at least 75 per cent of the Irish cardboard box-maker’s stock
Source: IrishTimes - 🏆 3. / 98 Read more »

Smurfit Kappa shares jump on news of S&P 500 inclusion after mergerAnalysts say inclusion in keenly-followed S&P indices from next month is sooner than expected
Source: IrishTimes - 🏆 3. / 98 Read more »

WestRock to give more detail on merger to get $25bn Smurfit deal over lineSeveral shareholders allege documents on the deal omitted ‘material information’
Source: IrishTimes - 🏆 3. / 98 Read more »

See inside Michael Smurfit's former home at the K Club as it hits the marketThe stunning five-bedroom property overlooks a world-class gold course and boasts two professionally equipped gyms, an elegant wine cellar and a fully functioning bar
Source: IrishMirror - 🏆 4. / 98 Read more »