Europe Markets

Europe closes mixed; Bank of Ireland falls

Europe closes mixed; Bank of Ireland falls

European shares closed mixed on Tuesday, after the benchmark German DAX hit an all-time high.

Bank of Ireland falls

The pan-European FTSurofirst 300 closed provisionally 0.3 percent higher at 1,397 points.

The Dax also closed provisionally higher, by 0.1 percent, but below the record-high of 10,034 points hit during the session.

Bank of Ireland shares weighed on the pan-European index. The bank closed nearly 3.2 percent lower after billionaire investor Wilbur Ross sold his stake.

Read MoreWilbur Ross: It istoo early to invest in Italy

U.K.-listed mining giant Lonmin also saw heavy selling after it detailed an unsuccessful end to a wage dispute at one of its South African platinum plants. It shares closed more than 3.2 percent lower.

Aside from Lonmin, the U.K. benchmark FTSE 100 was weighed down by retailer Sports Direct and wholesale food operator Booker Group. Both closed lower after being downgraded by Goldman Sachs.

Trading volumes picked up slightly on Tuesday, after some European bourses were closed for public holidays on Monday.

The FTSE MIB closed unofficially 0.2 percent higher after a final reading of Italian first quarter growth came in inline with expectations. It showed a slight economic contraction of 0.1 percent month-on-month and 0.5 percent on the year.

BMPS fails to open

In other stocks news, Imperial Tobacco announced it would float its European logistics arm on the Spanish stock market. Shares closed around 0.8 percent higher.

Meanwhile, stock in troubled Italian bank BMPS failed to open for a second consecutive day, as the company issues new shares to investors.

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