Kerry Group bucks negative trend

THE Dublin market followed those in Europe lower yesterday, as investors sold off from the two-year high recorded on the ISEQ on Tuesday. The ISEQ index finished 14.32 points lower at 5375.06.

The financials were all weaker with low trading volumes recorded in all stocks. Irish Life and Permanent dropped 20c to €13.80, Anglo Irish Bank slipped 16c, Bank of Ireland eased 13c while Allied Irish Bank fell 11c to €12.58.

Kerry Group was the main positive mover following strong results from one of its British competitors, Associated British Foods.