European markets trimmed early gains after Russia’s Gazprom declared force majeure on gas supplies to at least one major customer in Europe, according to a letter from the energy giant.
AIB added 3 per cent to just under €2.15, while Bank of Ireland closed 1 per cent higher at €5.60. Index heavyweight Ryanair nudged up 0.9 per cent to €12.26, while packaging group Smurfit Kappa rose 0.8 per cent to €32.69. It was also a good day for Dalata Hotel Group, which finished up 4.2 per cent at €3.59.
Mining giants Glencore and Rio Tinto rose 2.9 per cent and 3.2 per cent respectively as metal prices rose on Chinese regulators’ measures to avert a potential crisis in the country’s property market and a softer dollar. However, investors remained cautious ahead of earnings this week in Europe amid soaring inflation, slowing economic growth and political uncertainties.Drugmaker GSK’s spin-off Haleon fell 6.