ISEQ up in early trading

ISEQ up in early trading

The ISEQ index of Irish shares enjoyed modest gains in early trading this morning, adding 66.73 points to 2,894.72 by 11.30am, a rise of 2.36%.

Among the risers, Ryanair was up 7c to €3.74 following this morning's European Court of Justice ruling upholding the European Commission's blocking of its Aer Lingus takeover bid, but allowing the budget carrier to hold on to its 29.9% stake in its rival.

Aer Lingus meanwhile was up 2c to €0.83.

Elsewhere on the risers' board, CRH added 47c to €16.99; Kerry Group added 38c to €23.18; Aryzta was up 28c to €31.05; DCC climbed 26c to €18.07; Paddy Power lifted 25c to €25.25; Grafton Group was up 20c to €3.25; Smurfit Kappa gained 18c to €6.96; Kingspan was up 14c to €6.25 and C&C lifted 9c to €3.34.

Banking stocks were also on the rise, with AIB up 6c to €0.92, Bank of Ireland adding 5c to €0.67 and Irish Life & Permanent up 8c to €1.56.

Among few fallers, FBD slipped 6c to €6.50.

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