June 9, 2023
Business News

Kilkenny-based Glanbia boosted by share rise as European and Irish markets rally

KILKENNY food giant Glanbia was one of the biggest Irish winners as European equities rose on the back of a global rally spurred on by signs of an end to the US-China trade dispute.

The Iseq index finished almost 1% higher, adding to yesterday’s 0.5% gain, as the majority of its main stocks climbed.

Glanbia closed 2.8% higher at €17.06, while building materials group CRH added 2.3% to close at €24.45.

Bank of Ireland was 2.7% higher at €5.00. Cairn Homes closed up 1% at €1.21, while paper and packaging group Smurfit Kapp rose by 1.9% to €25.04.

Drinks company C&C climbed by 1.2% to €2.94.

However, Ryanair dropped 1.2% to €10.48, while the real estate investment trust stocks Green Reit and Hibernia Reit both ended in the red.




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