Irish Continental

Passenger revenues rise despite Holyhead disruption after winter storm damage and reduction in sailings on Dover-Calais route

Irish Continental Group saw a marginal decrease in its ferries division due to ‘detrimental impact’ of the port closure

Proxy adviser ISS remains concerned over lack of detail on how bonus of long-time chief executive Eamonn Rothwell is assessed

Irish Continental Group seeing return to more normalised market after Holyhead closure

Main banks retreat on Iseq as do housebuilders

Hopes rise that Trump tariffs may be lighter than feared

On Iseq Dalata shares rise as do those of housebuilder Glenveagh

Fed to deliver verdict on Wednesday with Bank of England the following day

Inaugural chairman of Forfás held directorships with a number of major Irish groups right up until his death on Saturday

Mixed day for banks and building firms on Irish market

Stoxx Europe 600 Index climbed 0.6% with auto stocks gaining the most after EU voted to impose tariffs on EVs from China

Expectations of a hefty rate cut in Washington growing while Bank of England is expected to hold fire following last month’s cut

European stocks were flat after latest US jobless claims data helped ease concerns of slowdown

Financials and tech stocks worst hit as indices show a sea of red

The median chief executive compensation packag was €2 million last year.

Kerry and Glanbia were both higher by the end of the day, adding 0.33 per cent and 0.16 per cent respectively

Banks were in focus on Dublin market as it was confirmed that euro zone inflation ticked up to 2.6 per cent in May

The banks were among the biggest losers in Dublin as investors eyed expected ECB rate cut later this week

Bank of England becomes latest to signal ease in borrowing charges

Revenue at Irish Continental Group up 8.3% in first four months of 2024

Proxy adviser ISS urges shareholders to reject company’s remuneration report at forthcoming agm

Oil prices briefly rose above $89 a barrel for the first time since October, which led to falling stocks in the travel sector

Irish Continental Group chief executive Eamonn Rothwell receives €1m in share payments and another €1.5m in options at current values

Wall Street subdued after hotter-than-expected producer prices report dampens speculation of imminent interest rate cuts

Dublin market up slightly with shares of Kerry Group advancing 2 per cent

There was very little on the upside among companies listed on the Irish Stock Exchange on Thursday

Cargo volumes at transport and sea freight hub fall amid ‘cautious’ economic sentiment

Weak Chinese demand led to a fall in container volumes, says Irish Continental Group

European markets down as US indicates further borrowing charge increases

Lagarde comments on enduring inflation tempers mood

Iseq index added 0.75% after falling in recent sessions

US President Joe Biden looked set to continue talks with congressional leaders on raising the country’s debt limit later this week

Any Other Business: Also, media regulator’s funding, Declan Kelly’s new recruits, John McGuckian’s long service on board of ICG, and changes at the top of Tennis Ireland

The Iseq gave back 1 per cent, dragged lower by tourism and building materials stocks

Softer jobless claims figures on Thursday set the stage for Friday’s monthly jobs report

Irish Continental Group introduced the new Dover-Calais service in June 2021 and enjoyed a bounce from lifting of travel restrictions

Slowing economy makes companies wary of expansion but they have excess cash after post-Covid recovery in profits

Ferry giant’s biggest shareholder Eamonn Rothwell is 67; speculation is growing that looking to monetise his life’s work may be part of his plan

Irish Ferries’ parent reports 85% sales surge over first six months and that trend continued through summer

ICG reports 80% rise in revenue to €161m for first four months of 2022