Markets Update: Ryanair shares take flight after profit surge

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Markets Update: Ryanair shares take flight after profit surge
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Molten Ventures, however, is the biggest gainer of the day so far, with shares up a hearty 12% in morning trade

Shares at Ryanair are trading up 7.63 per cent on the Irish stock exchange, now valued at €16.21 a piece, after the airline declared a €400 million dividend for shareholders on Monday morning.

In a trading update, Ryanair reported a 59 per cent increase in profits to €2.18 billion in the six months to September, on the back of record summer traffic.

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