From Apple’s record valuation to Zara’s share surge: An A-Z of financial markets in 2024
It was a challenging year for some listed companies and a record year for CEO departures
Unicredit
Italy denies report on decree to counter UniCredit’s takeover bid for BPM
UniCredit announced an unsolicited €10bn takeover offer on Monday
Germany warns UniCredit on mooted Commerzbank takeover
German government has no plans to sell remaining stake in Commerzbank
Italian bank UniCredit’s bid for German stalwart Commerzbank provokes outrage
However, State sold shares accumulated during 2008-2010 banking crisis to bidder in auction
Commerzbank open to tie-up talks after UniCredit takes 9% stake
Italian bank announced on Wednesday it had bought a 9% in its German counterpart
Irish shares rise as European interests focus on French elections
Kerry and Glanbia were both higher by the end of the day, adding 0.33 per cent and 0.16 per cent respectively
Tesla shares plunge and European markets see no relief from steady interest rates
Euronext Dublin outperformed European peers on a flat day
Italy backtracks with cap on windfall tax after bank shares slide
Rome cites ‘financial stability’ as it seeks to calm market jitters following surprise measure
Italy hits banks with surprise 40% windfall tax
Irish bank shares fall as Italian government plans to use levy to fund supports for those hit by rising interest rates
European shares edge higher ahead of Federal Reserve decision
Energy stocks among the fallers, while Dublin’s Iseq closes lower
Cuts by Opec+ ripple through global markets
The Iseq gave back 1 per cent, dragged lower by tourism and building materials stocks
Italian asset manager Azimut to set up Irish business
New unit comes as part of an agreement with UniCredit
European shares lower as retailers, food and beverage stocks lead falls
Nestlé, Diageo, Unilever slip between 2.7% and 4.5%
Dow drops 1,100 points as concerns over inflation rise
Technology stocks sensitive to interest rates lose their bounce as Fed chief talks tough
ECB policy tightening sends eurozone borrowing costs soaring
Borrowers including Italy face ‘double whammy’ of higher funding costs and slowing growth
SocGen to exit Russia with sale of Rosbank to oligarch
French bank was among banks with largest presence in Russia and will take a €3.1bn financial hit
European stocks record biggest one-day gain in two years
Banks and travel shares rally as investors pause sell-off and oil prices edge down
Travel and banking stocks lead plunge in European markets
Energy stocks rise as oil prices exceed $130 a barrel amid inflation concerns
European stocks clip losses as Russia and Ukraine hold talks
Euro zone banks brace for impact of further sanctions; Iseq ends session 0.73% higher
Ukraine invasion sends European stocks sliding to nine-month lows
Banks suffer worst session since March 2020
World shares slid on warnings that Russia could invade Ukraine at any time
Bank stocks slump in Dublin following similar moves across other European markets
Troubled Italian bank ousts chief executive
Veteran banker replaces Guido Bastianini at state-owned lender
European shares end lower as IMF warns on cost of pandemic
Covid-19 worries weigh on airlines, while tech and energy stocks also fall
BidX1 valued at €66m as it secures €13m investment from new backers
DoValue and Oliver Wyman join Pollen Street Capital and founder as shareholders
European stocks flat as falling industrials offset rising commodities and banks
Tesla rose 4.5% to a record high after Hertz placed an order for 100,000 electric cars
Markets buoyant as investors in Europe and US show renewed appetite for risk
Pillar banks drive Iseq into positive territory but fuel price increases hit travel stocks
European shares rise on Evergrande relief, gains in travel and leisure
Markets recover early-week losses
Days may be numbered for the world’s oldest bank
Banca Monte dei Paschi di Siena is officially Europe’s weakest lender
European stocks fall from record highs as sentiment wanes
Aer Lingus owner IAG leads travel sector lower in Europe, while Amazon falls in US
Delta variant casts shadow over Europe’s economic resurgence
Economists worry over rising infections and return of pandemic restrictions
IFSC must adapt to keep up with the changing world of work
Dublin’s financial hub is losing out to the rest of the docks in the battle to attract companies
EU freezes 10 banks out of bond sales over antitrust breaches
Big names involved in past market-rigging scandals barred from lucrative recovery plan
UniCredit to quit the IFSC after 26 years
Irish unit posted €42m net profit last year, 72% ahead of of internal forecasts
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