Global stocks fall following drop in US consumer confidence

28/06/2022 20:38:00

AIB saw its shares fall 3% in Dublin after the Government successfully placed a 5% stake on the stock market on Monday

AIB saw its shares fall 3% in Dublin after the Government successfully placed a 5% stake on the stock market on Monday via IrishTimesBiz

AIB saw its shares fall 3% in Dublin after the Government successfully placed a 5% stake on the stock market on Monday

ByStocks on global indices were lower on Tuesday following a drop in June US consumer confidence, while oil prices gained for a third day.AIBThe banks generally benefited from data which showed mortgage approval activity increased in volume terms by 14.3 per cent year on year and in value terms by 25.3 per cent over the same period.

Elsewhere,Ryanairwas down 2.5 per cent.

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State’s AIB stake falls to 63.5% after €304.8m share placingThe shares on offer priced at €2.28 each – representing a 6.5 per cent discount to Monday’s closing price.

State further reduces its stake in AIB to 63.5%The sale, which was first announced by Finance Minister Paschal Donohoe yesterday, brings the State's shareholding in AIB to about 63.5% from 68.5%. rtenews That’s it, it’s time for the workers to rise up. The banks have taken everything from us, especially the trans workers of colour among us, but no more… rtenews State owns two thirds yet.. Doesn't insist pay tax on profits? Allows loans to fund buying residential property to let? Doesn't alter lending criteria to help more people buy? Doesn't give short mortgages to over 50's? Doesn't use ownership for public good!

State to sell further 5 per cent of its AIB shareholdingOverall size of the State’s shareholding in AIB will be reduced from 68.5 per cent to 63.5 per cent Can we assume the money made on this sale will be put back in to the depleted pension fund where the money that saved the bank came from, rather than in to Paschals pocket so he can use it for more sweetheart deals?

Donohoe announces sale of additional 5% stake in AIBDonohoe announces sale of additional 5% stake in AIB via IrishTimesBiz Selling off more silverware,

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AIB saw its shares fall 3% in Dublin after the Government successfully placed a 5% stake in the bank on the stock market on Monday Expand AIB finished the day down 3 per cent after the Government successfully placed a 5 per cent stake on the stock market after Dublin trading closed on Monday By Colin Gleeson Tue Jun 28 2022 - 18:35 Stocks on global indices were lower on Tuesday following a drop in June US consumer confidence, while oil prices gained for a third day.Expand AIB chief executive Colin Hunt.The sale, which was announced by Paschal Donohoe yesterday, brings the State's shareholding in AIB to about 63.Banking The State is to sell a further 5 per cent of its shareholding in AIB, Minster for Finance Paschal Donohoe has announced.

Dublin Euronext Dublin was dragged down 1.2 per cent as some of its heavier hitters suffered losses.5 per cent after the Government successfully placed a 5 per cent stake on the stock market after Dublin trading closed on Monday. AIB finished the day down 3 per cent after the Government successfully placed a 5 per cent stake on the stock market after Dublin trading closed on Monday. The AIB shares were sold in a placing to institutional investors. The share sale raised €304.8 million, with the shares on offer priced at €2.8 million, with the shares on offer priced at €2. The price at which the shares are sold .

28 each – representing a 6.5 per cent discount to Monday’s closing price.8m.5 per cent discount to Monday’s closing price. The banks generally benefited from data which showed mortgage approval activity increased in volume terms by 14. Law firms William Fry and Allen & Overy acted as legal counsel to the Department of Finance in connection with the transaction.3 per cent year on year and in value terms by 25. The trading plan had been first announced in December.3 per cent over the same period. The State held 71 per cent of AIB as of the end of last year, a legacy of the bank’s €20.

Bank of Ireland finished the day up 1 per cent. Elsewhere, DCC , the fuel distribution-to-technology services group, was up more than 2 per cent, while low budget airline Ryanair was down over 2 per cent, and Paddy Power Betfair parent Flutter Entertainment was down 2. AIB is led by chief executive Colin Hunt. "AIB owes the Irish taxpayer an immense debt of gratitude for its support during the financial crisis," he said.5 per cent. London Commodity and defence firms led the gains as the FTSE 100 pushed higher for the third consecutive day.7 million for overcharging customers denied mortgages that track European Central Bank (ECB) rates. The FTSE 100 ended the day up 65. Goldman Sachs and Goodbody Stockbrokers were the joint bookrunners for the stake sale.

09 points, or 0. Latest Stories.9 per cent. Sentiment was supported by China’s decision to reduce the length of mandatory quarantine for inbound travellers, in the biggest relaxation so far in its zero Covid policy. London’s oil majors had strong sessions amid hopes the relaxation will boost travel and trade. “Even though the country still has measures in place, the move is interpreted as a sign that things are moving in the right direction, which has lifted sentiment across the board as stocks, oils and industrial metals are higher,” said David Madden, market analyst at Equiti Capital.

Sterling made slight gains as the dollar stalled due to the unsettled economic backdrop. The pound was up 0.03 per cent against the dollar at 1.220 and was down 0.13 per cent against the euro at 1.

158. The biggest risers in the FTSE 100 were Rolls-Royce .