Shares in Glenveagh soar 8% as housebuilder buys another site in Cork

Irish shares tapped a surprise early new year buying wave that sent the Iseq Overall index climbing 3%, reflecting huge gains for Bank of Ireland and housebuilder Glenveagh at the end of a week marked by global stock market tremors.

Irish bank shares, which had lost up to a third of their value in 2018, were prominent in the upswing, with Bank of Ireland and AIB surging by around 5%.