George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBank Of Ireland Share News (BIRG)

Share Price Information for Bank Of Ireland (BIRG)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 10.17
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.12 (1.194%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 10.17
BIRG Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK WINNERS & LOSERS SUMMARY: Airlines Grounded By UK Quarantine Plans

Mon, 11th May 2020 11:09

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Monday.

----------

FTSE 100 - LOSERS

----------

easyJet, down 8.0%, International Consolidated Airlines, down 3.5%. The airlines were in the red amid government plans to require passengers arriving in Britain to quarantine for a fortnight. "Airlines and airline-related stocks remained firmly grounded after [UK Prime Minister] Boris Johnson confirmed a 14-day quarantine for travellers arriving in the UK alongside a series of other changes to current containment measures," said AJ Bell's Russ Mould. Aviation service providers Rolls-Royce Holdings, Melrose Industries and Meggitt were down 2.8%, 3.0% and 6.5%, respectively.

----------

Next, down 1.0%. Goldman Sachs downgraded the clothing and homewares retailer to Neutral from Buy.

----------

FTSE 250 - LOSERS

----------

Hammerson, down 5.1%. Morgan Stanley downgraded the shopping centre operator to Underweight from Equal Weight.

----------

Weir Group, down 3.5%. HSBC cut the valve actuators maker to Hold from Buy.

----------

Victrex, down 1.5%. The speciality chemicals maker warned that the Covid-19 pandemic is beginning to hit its forward order book, as it posted a dip in first-half profit. For the six months to March 31, revenue rose 4% to GBP151.5 million from GBP145.7 million a year before; however, pretax profit edged lower to GBP49.9 million from GBP50.2 million reflecting exceptional items of GBP2.1 million related to the group's China subsidiary investment. The rise in revenue was attributed to an improved volume performance and a slightly weaker product mix. Victrex deferred its interim dividend payment, due to the coronavirus crisis, and said the timing of any shareholder payment will be dependent on "prevailing macro-economic and end-market conditions over the coming months".

----------

OTHER MAIN MARKET AND AIM - WINNERS

----------

Boohoo Group, up 4.0%. The online fashion retailer was raised to Outperform from Market Perform by Bernstein.

----------

OTHER MAIN MARKET AND AIM - LOSERS

----------

Bank of Ireland Group, down 5,6%. The Irish lender said it said it suffered a massive swing to a first-quarter loss, with the Dublin-based lender hit by ballooning impairment costs and market volatility. Bank of Ireland said it has approved 86,000 payment breaks to personal and business banking customers since mid-March, when the Covid-19 pandemic began to grip Europe. It reported a pretax loss of EUR241 million in the three months to the end of March, from a EUR123 million profit a year before. Bank of Ireland incurred net impairment charges of EUR266 million, ratcheted, up from EUR43 million in the first quarter of 2019. Costs this year included a "Covid-19 management overlay", the lender said. Bank of Ireland warned of "expected increased impairment and loan loss experience over the course of 2020".

----------

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
30 Jul 2021 21:46

UPDATE: EU banks tout resilient balance sheets as stress test unveiled

UPDATE: EU banks tout resilient balance sheets as stress test unveiled

Read more
30 Jul 2021 17:56

TOP NEWS: EU banks can weather extended Covid-19 hit - EBA stress test

TOP NEWS: EU banks can weather extended Covid-19 hit - EBA stress test

Read more
22 Jul 2021 13:47

Bank of Ireland buys slimmed-down broker Davy for EUR440 million

Bank of Ireland buys slimmed-down broker Davy for EUR440 million

Read more
23 Jun 2021 10:49

TOP NEWS: Irish state starts "phased exit" from Bank of Ireland stake

TOP NEWS: Irish state starts "phased exit" from Bank of Ireland stake

Read more
22 Jun 2021 12:32

Banks warned over failure to provide statements to former customers

(Sharecast News) - Monzo has received a formal warning from the Competition and Markets Authority after the online lender breached banking rules.

Read more
22 Jun 2021 12:18

Monzo and NatWest among those warned over statements failure

Monzo and NatWest among those warned over statements failure

Read more
18 Jun 2021 17:26

IN BRIEFS: Bank of Ireland sells NPE mortgage portfolio

IN BRIEFS: Bank of Ireland sells NPE mortgage portfolio

Read more
14 Jun 2021 06:55

PRESS: Irish Life mulls making bid for stockbroker Davy - Sunday Times

PRESS: Irish Life mulls making bid for stockbroker Davy - Sunday Times

Read more
8 Jun 2021 09:42

BROKER RATINGS: Goldman upgrades easyJet to Buy, cuts IAG to Neutral

BROKER RATINGS: Goldman upgrades easyJet to Buy, cuts IAG to Neutral

Read more
2 Jun 2021 09:38

BROKER RATINGS: Peel Hunt and Jefferies converge to say Hold Greencore

BROKER RATINGS: Peel Hunt and Jefferies converge to say Hold Greencore

Read more
18 May 2021 15:50

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
14 May 2021 09:39

BROKER RATINGS: JPMorgan raises Sage to Neutral; MS ups Whitbread

BROKER RATINGS: JPMorgan raises Sage to Neutral; MS ups Whitbread

Read more
12 May 2021 09:34

BROKER RATINGS: Just Eat Takeaway and Aston Martin get upgrades

BROKER RATINGS: Just Eat Takeaway and Aston Martin get upgrades

Read more
10 May 2021 09:36

BROKER RATINGS: Fresnillo and Centamin get upgrades from RBC

BROKER RATINGS: Fresnillo and Centamin get upgrades from RBC

Read more
30 Apr 2021 10:27

Bank of Ireland makes healthy start as net interest income impresses

Bank of Ireland makes healthy start as net interest income impresses

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.