IWP static despite CEO's assurance

Shares in IWP remained static at 32c after its new CEO stated that the company was ‘not for sale’.

Former Golden Vale chief Jim Murphy said he had not taken the job in order to prepare the company for a quick sale.

Ryanair shares retreated somewhat today on the news that Air France and KLM are to merge and create Europe’s largest airline.

The low-fares airline said it would be calling on the EU Commissioner to review approval of the merger, so that the French Government would move to increase competition in the French marketplace.

Most of the bigger building firms with operations in the UK saw their shares decline also.

Grafton plc and Heiton Holdings fell back 15c and 12c respectively despite UK housing figures powering ahead.

Construction output was much higher than figures released by Britain’s Department of Trade and Industry earlier this year.

CRH also slipped 28c to €15.23 despite the European Commission approving its takeover of Dutch group Cementbouw for €646m.