"Markets were also bruised as a planned €220bn tie-up between mining giants Glencore and Rio Tinto was shelved. The pair have had a long-running, on-off engagement that has seen them try to tie the knot before. "Many wondered whether it might be third time lucky when Rio Tinto and Glencore got back around the table to discuss a deal which would have created the world's biggest mining company - but today it emerged it was not to be,""
"The UK's FTSE-100 closed down 0.9pc, while Germany's DAX was just under 0.5pc lower. Other indices in Europe also declined. Spain's IBEX-35 was down almost 2pc. Denmark's OMXC-25 was nearly 2.6pc lower. In Ireland, the ISEQ-20 also shed nearly 2.6pc compared with Wednesday's close. Shares in Bank of Ireland slumped 5.5pc to €16.68. AIB was 4.5pc lower, at €9.32. Ryanair saw its shares decline 2pc to €28.26."
A planned €220bn tie-up between Glencore and Rio Tinto was shelved after a long-running, on-off engagement failed to produce an agreed deal. European markets reacted negatively, with the FTSE-100 down 0.9% and Germany's DAX about 0.5% lower. Other indices fell, including Spain's IBEX-35 and Denmark's OMXC-25, which declined around 2% or more. Irish stocks were particularly weak: the ISEQ-20 fell nearly 2.6%, Bank of Ireland shares dropped 5.5% and AIB fell 4.5%. Ryanair shares declined roughly 2% while few firms gained. The Bank of England and the ECB kept interest rates steady, and the ECB said inflation is expected to stabilise at 2% in the medium term despite global uncertainties.
Read at Irish Independent
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