News Formal

European stocks fall after downbeat forecasts from chip companies

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 45 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 98%

Rachel-Reeves News

New-York-Stock-Exchange,London-Stock-Exchange,Bank-Of-Ireland

FTSE 250 edges higher as investors conclude Labour government’s first budget is less punitive on businesses than previously feared

Rachel Reeves, UK chancellor of the exchequer: first budget was seen as less punitive on business than had been expected. Photograph: Hollie Adams/Bloomberg

AIB ended 1.3 per cent lower at €4.83. Kerry Group was also in the red, finishing down 1.2 per cent at €93.30, while Ryanair dropped 0.7 per cent to close at €17.56.Want to live over the shops on Grafton Street? It could soon be possibleInsulation-maker Kingspan Group was among the climbers, adding 0.6 per cent to finish at €80.80, while Cairn Homes rose 0.5 per cent to €2.19.The FTSE 100 fell 0.7 per cent with the blue-chip index weighed down by pharma giants AstraZeneca and GSK.

But AstraZeneca fell 2.8 per cent after the pharma giant said its China president is under investigation and is co-operating with Chinese authorities. GSK dropped 3 per cent after it warned that its vaccine sales would fall this year, after weaker-than-expected sales for its respiratory syncytial virus and shingles vaccines in the third quarter.The pan-European Stoxx 600 closed 1.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

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

European stocks flat as investors weigh signs of stalling business activityUnilever leads household goods companies higher, while Kerry Group advances in Dublin
Source: IrishTimes - 🏆 3. / 98 Read more »