Markets

Market wrap: CRH shares soar but Aer Lingus-owner splutters

Shares in Aer Lingus owner IAG dropped immediately following this mornings results but rebounded as the morning progressed

Shares in International Airlines Group dropped despite tripling profits in 2023. Picture: NurPhoto

Markets were again led by annual results from large listed Irish companies on Thursday, with CRH shares jumping on double-digit profit growth while Aer Lingus-owner IAG had a rocky start to the morning before taking off.

Irish-headquartered CRH, the buildings material giant, saw its shares rise an impressive 8 per cent on Thursday morning to €66.96 per share after it reported a 10 per cent increase in operating profits for 2023 to just under $4.2 ...