Smurfit Kappa leads Irish market decline as European shares falter

Its fall dragged the Iseq to a 1.2 per cent decline for the session, which also saw building materials group CRH decline 2.3 per cent to €49.71. Insulation-maker Kingspan fell 4.2 per cent to €70.22, while Bank of Ireland was 0.8 per cent lower at €8.85.The UK’s FTSE 100 was an outlier, bucking the European trend with a gain of 0.4 per cent. The blue-chip index was supported by a softer pound after data showed the labour market weakened even as wage growth stayed strong in July.

AstraZeneca bounced 1.7 per cent after falling more than 4 per cent in the previous session, as the drugmaker appeared to play down speculation about its CEO’s future.The pan-European STOXX 600 index dipped 0.2 per cent, with basic resources losing 0.5 per cent as prices of most base metals fell on a stronger dollar.

Spain’s national consumer prices rose 2.6 per cent in the year through August, while a survey from the ZEW economic research institute showed German investor sentiment unexpectedly improved in September. HelloFresh jumped 8.2 per cent after JP Morgan added the German meal-kit maker’s stock to its analyst focus list and positive catalyst watch.The S&P 500 and Nasdaq fell in the first hours of trading Tuesday as a jump in oil prices deepened worries about persistent price pressures ahead of crucial inflation readings this week, while Oracle slumped on downbeat forecast and results.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

1.30pm Markets Wrap: Smurfit Kappa weighs down Irish stocks as Ryanair rises ahead of AGMShares in Smurfit, which has confirmed a deal with US paper business WestRock, were down 10 per cent
Sumber: businessposthq - 🏆 8. / 71 Baca lebih lajut »

Smurfit Kappa share price slumps as investors digest mega-merger with WestRockShareholders of WestRock will receive the equivalent of $43.51 a share in cash and stock.
Sumber: businessposthq - 🏆 8. / 71 Baca lebih lajut »

Smurfit Kappa shares slump as investors to own 50.4% of group after WestRock mergerIrish group’s CEO Tony Smurfit to lead merged group, which will be known as Smurfit WestRock
Sumber: IrishTimes - 🏆 3. / 98 Baca lebih lajut »

Smurfit Kappa agrees $20bn merger deal with US companyThe Dublin-headquartered paper and packaging giant confirmed it will depart the Dublin stock exchange as part of the merger with WestRock
Sumber: businessposthq - 🏆 8. / 71 Baca lebih lajut »