C and C Group fuels market recovery

SHARES in Dublin gained for the first day in four mainly led by surges in C&C, as well as the main financials. The ISEQ finished the day 26.98 points higher at 6736.22.

AIB climbed 7c to €17.72. Bank of Ireland was 6c stronger at €3.39, Anglo Irish gained 17c to €11.12 while Irish Life & Permanent jumped 10c to €14.70.

C&C Group surged ahead by 27c to €4.27, while in construction CRH continued to fall a further 18c to €23.69. Grafton Group nudged upwards by 1c to €9.21, while Kingspan and McInerney both dropped 9c and 1c respectively.

Low-cost airline Ryanair jumped 13c to €6.73. Elan shed 15c to €6.15 as it appears a decision on the re-introduction of troubled drug Tysabri draws ever nearer.