ISEQ slips in morning trading

The ISEQ has slipped back today from some of yesterday's gains, falling 8.83 to stand at 6,026.88 by late morning.

Bank of Ireland, which announced a 13% rise in profits yesterday, has seen shares climb 7c to €12.27 today. Allied Irish Bank shares are unchanged.

Shares in Irish Life & Permanent have slipped 4c today while Anglo Irish Bank shares are unchanged at €26.13.

Pharmaceutical group United drug has seen shares slip 15c to €3.50 today despite announcing pre-tax profits up 15% to €22.34m for the half year ended 31 March 2005.

Group turnover in the period grew by 3% to €634m.

Jurys Doyle Group shares are unchanged at €14.80. It emerged today the mystery bidder for the hotel chain does not have the support of families owning one-third of the company.

Elsewhere shares in bookmaker Paddy Power have climbed 30c to €13.80. Shares in agribusiness group IAWS have climbed 31c.

The most traded shares today are C&C, Paddy Power, Bank of Ireland, Anglo Irish Bank and Independent News & Media.