Shares rise as defence stocks feel benefit of Trump win

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Irish index of shares end the day up 1.15%

The blue-chip FTSE 100 rebounded 0.7 per cent from a three-month low touched in the prior session and ended its four-day streak of losses. The midcap FTSE 250 index climbed 1 per cent.. Photograph: Andrey Rudakov/Bloomberg

Food group Glanbia added 3.4 per cent to its stock price, finishing the day just under eur15. Ryanair shares added 0.3 per cent over the session, while hotel group Dalata was 2 per cent up over the day.Building small terraced homes could reduce construction costs, boost supply and lower prices for first-time buyersThe blue-chip FTSE 100 rebounded 0.7 per cent from a three-month low touched in the prior session and ended its four-day streak of losses. The midcap FTSE 250 index climbed 1 per cent.

Kainos Group jumped 6.2 per cent, among top gainers in the midcap index, after the IT software provider reported a 1 per cent rise in half-year adjusted pretax profit to £38.2 million.The pan-European STOXX 600 closed 1.1 per cent higher, with most sectors and regional bourses ending in positive territory.

However, the upbeat European market sentiment also likely got a boost from Wall Street’s record-breaking rally. Delivery Hero rose 5.2 per cent on the food-delivery firm’s plans to list its Talabat business in Dubai in December. Several stocks that gained following the US election results continued their upward trajectory. Tesla jumped 7.4 per cent after touching $1 trillion in market value on Friday for the first time since 2022.

 

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