European shares advance on strong corporate earnings

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 98%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Iseq creeps up with Smurfit jumping 4.7%

Kingspan shares advanced 3.4 per cent to €49.18 as some analysts signalled they will be raising their estimates for the insulation group guided that its trading profit will decline 8 per cent this year to just over €400 million. Davy analysts had pencilled in a figure of €375 million.

NatWest finished 4 per cent lower despite operating profits rising by more than 50 per cent to £1.8 billion for the first three months of the year. Revenues also surpassed expectations for the quarter but investors were left unimpressed by another drop in customer deposits, even if some of that was down to its Ulster Bank unit pushing customers to find new homes for their banking.

Guinness’s parent, Diageo, lost 1.5 per cent after key rival Remy Cointreau delivered a disappointing sales outlook amid weak demand in the US.Swedish real estate group SBB slid 6.7 per cent after the company’s first-quarter net asset value fell 17%.

 

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

Ireland Ireland Latest News, Ireland Ireland Headlines

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

Smurfit Kappa’s debt burden falls to record low as earnings riseSmurfit Kappa’s debt burden falls to record low as earnings rise via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »