Shares in boxmaker Smurfit Kappa, which traders said had been on “a decent run of late”, slipped 2.6 per cent to €34.30.
Meanwhile, shares in hotel operator Dalata added 1.4 per cent to €3.20 per share amid an ongoing shortage of hotel rooms in Ireland, exacerbated by the Ukrainian humanitarian crisis. Sandwich maker Glanbia added 1 per cent to €11.32, while shares in Bank of Ireland and Permanent TSB gained 0.3 per cent and 0.9 per cent respectively.The benchmark FTSE 100 Index was 0.7 per cent lower at 7301.8 while gilts edged up slightly in a sign of investor concerns over the UK’s economic prospects.
Shares in the company climbed almost 6.7 per cent after it raised its dividend, reported significantly higher profit and revenues in its fourth quarter, and said it expects strong growth in earnings and sales in its next fiscal year. Dutch conglomerate Philips was the single biggest loser of the session. The company’s share price shed nearly 2.8 per cent of its value after reports in the US that one of its subsidiaries knew of issues with its breathing machines long before notifying customers of potential health risks.US stocks slumped after St Louis Fed president James Bullard became the latest policymaker to flag that interest rate rises had further to rise.
The UK isn’t in recession? We’ve had one quarter of falling GDP. A recession is two successive quarters.
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