ISEQ falls back in morning trading

The ISEQ has slipped 12.11 points in morning trading today to 6,160.66, with shares in Elan losing 39c.

The pharmaceutical is trading at €18.80 today.

Among the financial stocks Allied Irish Bank shares have fallen 5c to €15.03 while Bank of Ireland shares have risen 3c to €12.07. Anglo Irish Bank shares have climbed up 3c to €17.95.

Shares in Irish Life & Permanent edged up 2c today. The company this morning announced the sale of its subsidiary company, Irish Estates Management Ltd (Irish Estates) to a group of private and institutional investors led by Niall McFadden.

Building materials group CRH has fallen 3c to €19.80 today.

Meanwhile business services support group DCC continued its resurgence today, climbing 7c to €16.32.

Television group UTV today agreed to buy a Co Louth radio station for €9.5m. LMFM is based in Drogheda. UTV shares were unchanged today at €6.33.

The most traded shares today are Bank of Ireland, Anglo Irish Bank, AIB, CRH and DCC.