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Shares jump on positive earnings reports from European banks

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Bank-Of-Ireland,Aib,Smurfit-Kappa

Iseq index underperforms, adding just 0.3% amid slump in Ryanair shares

A pedestrian passes UBS headquarters in Zurich, Switzerland. The bank reported a return to profit on Tuesday after two loss-making quarters. Photograph: Stefan Wermuth/Bloomberg

Euronext Dublin, as the Irish market is known, was otherwise mostly in green with big moves by the main banks on foot of similar gains by lenders across the Continent. Bank of Ireland advanced by more than 6 per cent to €10.73 per share while AIB added almost 4 per cent to close at €5.14 per share. PTSB, meanwhile, shed 2 per cent to €1.47 per share with its first quarter trading update to follow on Wednesday morning.

Precious metal miners gained 2.1 per cent after the demand for safe-haven assets increased as a ceasefire in Gaza remains uncertain.

 

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