Smurfit Kappa's shares gained more than 5 per cent after the packaging giant announced a big earnings leap on Wednesday.Strong earnings reports boosted European shares on Wednesday while Smurfit Kappa and Paddy Power owner Flutter aided Dublin in outperforming others.Packaging giant Smurfit Kappa surged 5.37 per cent to close at €33.97. The multinational manufacturer said first-half earnings rose 50 per cent to €1.17 billion, prompting analysts to up their full-year forecasts for the group.
Bank Permanent TSB ended the day 0.72 per cent ahead at €1.39 after reporting that it lost €36 million before taxes in the first six months of the year. The Irish DIY and builders’ merchant group has its sole listing in London and does much of its business in Britain and Europe. Irish-based, London-listed United Oil & Gas predicted that group revenue for the first half of 2022 would be around $10 million. Its shares slipped 7.14 per cent to 1.95p.
Aer Lingus owner, International Consolidated Airlines’ Group, gained 5.21 per cent to close at 119.06p. Low-cost carrier EasyJet added 4.66 per cent to 390.7p.Europe