“It has traded in pretty large volumes today and is way in advance of where it was just five or six trading days ago before it released its ad hoc trading statement,” said a trader. “It’s up about 25 per cent since then.”
Among the financial names, AIB and Bank of Ireland outperformed the market slightly, rising 60 basis points and 75 basis points respectively. Elsewhere, Kerry Group was up 40 basis points and box-maker Smurfit Kappa climbed 80 basis points.Shares finished higher in London after a strong session for housebuilders and a positive opening on Wall Street.The FTSE 100 climbed 0.
Elsewhere, online retail firm Ocado’s shares were up 110.6p at 691.6p at the close after the group swung to an underlying profit and said its retail arm is on track to post annual earnings amid mounting pressure from its joint venture partner Marks & Spencer.All major European markets had stronger afternoon trading as the main US indices opened higher despite a mixed bag of banking updates.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IrishTimesBiz - 🏆 6. / 77 Read more »
Source: IrishTimesBiz - 🏆 6. / 77 Read more »