1.30pm Markets Wrap: Smurfit Kappa weighs down Irish stocks as Ryanair rises ahead of AGM
Shares in Smurfit, which has confirmed a deal with US paper business WestRock, were down 10 per cent
Dublin’s Iseq all-share – the index of all companies trading on the Irish stock exchange – was down slightly on Tuesday lunchtime, as packaging giant Smurfit Kappa suffered from shareholders’ unease at its merger with WestRock.
The index was at 8,581 at 1.30pm, down nearly a per cent in the day’s trading.
Shares in Smurfit, which this morning confirmed a deal with US paper business WestRock to create a group worth $20 billion, were down ...