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Displaying items by tag: Irish Stock Exchange

Stock markets in Ireland and the UK are expected to jump this morning on the first day of trading since the Christmas Eve post-Brexit trade deal was secured.

They will also get a boost after US President Donald Trump finally signed off on a $2.3tn (€1.88tn) pandemic aid and spending package.

Germany’s DAX hit a record high in early trading yesterday, spurred by optimism over the trade deal, while other bourses including those in Spain, Italy, France all showed gains.

A number of Irish-listed companies including Irish Ferries owner Irish Continental Group (see shipping container division story), CRH, Smurfit Kappa, DCC, UDG Healthcare and Kingspan will be among those likely to get a lift this morning.

Dublin and London markets were among the only ones closed in Europe yesterday.

For more regards impact of Brexit and US markets, Independent.ie reports here. 

Published in Ferry

About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.