Industry & Business

Brexit Hits Irish Stock Market

 Breaking News
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  • Medi-Shower Invests in Innovation to Drive Export Growth Multi-award-winning manufacturer Medi-Shower has created ‘smart showerhead’ technology which can reduce the risk of Legionnaires disease. The cutting edge product, developed with R&D support from Invest Northern Ireland is designed to meet the high requirements for hygiene within the healthcare sector. It reduces the risk of waterborne infection from bacteria that can build up due to poor design [...]...
  • EIB Loan Will Trigger €180 Million Investment Programme in Fingal Fingal County Council has signed a €70 million Framework Loan Agreement with the European Investment Bank (EIB) which will trigger a €180 million investment in strategic infrastructure projects within the county’s Capital Development Plan. This represents the first EIB support for county-wide investment in partnership with an Irish local authority for more than a decade [...]...

Brexit Hits Irish Stock Market

June 27
10:37 2016

Ryan-Air-record-profitMany of Ireland’s largest companies are seeing downgraded stock ratings as recent analysts are predicting lower earnings as a result of the Brexit.

Early this morning, shares for Ryanair fell by 5% after a 9.8% sell off last Friday. Easyjet even issued a profit warning.  Evercore ISI analysts in London even downgraded their Irish stock.

Bank of America cut shares in Kingspan which contributed to a 3.7 fall in stock on top of the 21% drop on Friday.

Dublin analysts at Investec reviewed the Bank of Ireland and predict that the slower UK loan growth might benefit Irish economic growth.

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