Market continues to build on gains

SHARES in Dublin edged higher following yesterday’s sharp rally. The ISEQ edged 6.46 points higher to 5542.17 amid heavy corporate news flow this week.

Fyffes was steady at €1.84, after reporting interims well ahead of forecasts. Irish IT group Horizon, who posted a positive set of results, added 1c to €1.04. Similarly, solid first half results from financial Services Company IFG helped the company firm 1c to €1.05.

Elan fell by 13c to €18.80 on profit taking and the news that its rival in the US reported disappointing trial results of their Alzheimer’s treatment drug. Warner Chilcott helped buoy the index up 46c to €9.10.