Tullow and Fyffes hold position after announcements

The ISEQ index was up 25.47 to 5661.93 in morning trade.

Tullow Oil stocks held firm at €1.93 after the company announced today that it had been awarded nine operated exploration blocks in the UK twenty-second offshore licensing round. The licence awards comprise seven blocks in Tullow’s core CMS area of the Southern North Sea (SNS) and two blocks in the North Viking Graben.

Fyffes stock also held position at €1.86 after the fruit distributor Fyffes said it had ended talks with the Italian importer of fruit and vegetables Bocchi Holdings.

Most-traded stocks were Irish Life and Permanent (up three cent to €12.90), Independent News and Media (up 10 cent to €1.95), Kingspan (up 10 cent to €5.80) and AIB (up six cent to €13.42).