Building materials group CRH slipped 1.25 per cent to €43.40, adding to its loss in Wednesday’s session, while Bank of Ireland dropped 1.4 per cent to €9.68 and AIB fell 1.15 per cent to €3.96.The FTSE 100 lost ground for the fourth consecutive session amid a string of earnings updates, with the blue-chip index ending 0.3 per cent lower. The mid-cap FTSE 250, however, added 0.2 per cent in the session.
Barclays rose 5.3 per cent on an estimate-beating quarterly profit, as a resilient performance from its consumer bank offset pressure on other key business lines. Sainsbury’s fell 3.45 per cent after reporting a fall in annual profits. The UK’s second largest grocery chain reported a 5 per cent fall in underlying pretax profits for the year to March 4th.The pan-European STOXX 600 index was up 0.2 per cent, gaining for the first time in three sessions.
The broader banking index added 1.1 per cent, while the industrial goods sector gained 1.3 per cent after Swedish engineering firm Atlas Copco jumped 14.4 per cent after posting record orders.Wall Street’s main indexes rose in early trading on Thursday as a slew of strong earnings updates from companies including Meta Platforms, Eli Lilly and Comcast outweighed data showing the US economy slowed more than anticipated in the first quarter.
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