European markets slip on interest rate concerns

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Airline shares fall as oil prices rise amid Middle East turmoil

Markets slipped across Europe on Friday with investors spooked by Bank of England governor Andrew Bailey’s remarks that monetary policy would remain tight.Medtech group Healthbeacon’s suspension was the day’s main talking point, dealers said. The company’s value has collapsed 95 per cent since a September sales warning.

FAI search for a men’s team sponsor goes on but now in a ‘much healthier position’ financially, says commercial director Seán KavanaghESRI verdict on Budget 2024, exiting the boom-and-bust cycle, and donning the FAI green jersey Iranian hints at support for the Hamas terror group in its conflict with Israel sparked fears of oil production sanctions against the Middle Eastern country, adding around $1 a-barrel to crude prices.

EasyJet slumped 3.72 per cent to 391.2p on a tough day for airlines. The British carrier reported higher profits on the back of rising fares earlier this week.Aer Lingus owner, International Consolidated Airlines Group, shed 2.4 per cent to 144.1p. Eastern-Europe-focused low cost carrier, Wizz Air, tumbled 6 per cent to 1,656.5p.

 

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