ISEQ edges closer to 8000

The ISEQ index of Irish shares edged closer to the 8000 barrier this morning rising 9.07 points to 7985.51.

Food group Kerry reported pre-tax profits of just under €298m for last year, up from €268.6m in 2004, as sales grew by 7% to €4.4bn this morning, although this did not have any impact on their stock price, as it remained unchanged at €18.65.

The financial sector enjoyed mostly bad fortunes this morning. Anglo Irish Bank slipped 9c to €13.80 and Irish Life and Permanent fell 10c to €18.30.

Both AIB and Bank of Ireland remained unchanged at €20.20 and €15.01 respectively.

Oil stocks had mixed fortunes this morning. Dragon Oil rose 8c to €3.19, while Tullow Oil slipped 6c to €4.37.

Elsewhere low-budget airline Ryanair rose 12c to €7.83.

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