ISEQ sees stock rise by 21 points

The ISEQ index of shares has had a moderately positive morning with a 21-point increaase to 6,411.11 by 10.45am.

The morning's biggest riser was Anglo Irish Bank who reported a 35c increase to €9.55 on the back of this morning's report of a 17% rise in underlying pre-tax profits for the six months to March 31. Pre-tax profits climbed to €647m, with underlying earnings per share (EPS) up 15% to 69.7c, as predicted by the bank in March. The bank expects growth for the 12 months will be 15%.

The rest of the financials were mixed with AIB up five cents to €13.91 and Irish Life and Permanent up three cents to €10.93 while Bank of Ireland fell five cents to €9.05.

Other risers were insurance giant FBD Holdings, up 33c to €25.90, and Paddy Power who climbed 21c to €22.41.

However, food firm Kerry Group slumped 53c to €18.68 and pharmaceutical giant Elan had a 15c decrease to €17.26.

Building firm CRH also went down, 13c to €23.88.

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