European equities up at Greek news

The Iseq index rose 11.85 points yesterday to close at 3,103.72.

European equities rose after opinion polls suggested Greece’s pro-bailout parties may be able to form a government. Spanish bond yields jumped after the government put forward a plan to bail out its fourth-largest lender, Bankia SA.

Bank of Ireland added 0.1c to 8.7c. AIB slipped 0.2c to 6.4c. Irish Life & Permanent dipped 0.5c to 3c, while insurance group FBD Holdings dropped 10c to €8.20.

In the construction sector, CRH rose 4c to €14.18. Grafton fell 2.4c to €3.026. Kingspan was unchanged at €7.10.

Origin Enterprises released strong results for the third quarter of 2012. In the agri-services business, sales were up 22% to €451.6m. Group revenue was €959m for the nine months compared with €983.5m in the corresponding period last year. Origin shares closed down 5.1c at €3.45.