Markets

12.45pm Markets Update: Ryanair biggest ISEQ loser despite strong Q1 profits

AIB and Bank of Ireland fell back as Molten Ventures saw generous increase

Ryanair: The airline’s profits hit €663 million in the three months of 2023, ahead of analyst estimates of €648 million

The ISEQ fell back in trading on Monday morning down 0.57 per cent to 8,869.63 with Ryanair, Bank of Ireland and AIB among the main fallers.

At midday, Ryanair had fallen back 3.44 per cent since the previous close of trade to €15.89, despite the firm’s quarter one profits exceeding expectations. The airline’s profits hit €663 million in the three months of 2023, ahead of analyst estimates of €648 million. Load factor, the percentage of ...