ISEQ holds on to early gains

The ISEQ managed to hold on to gains made in the morning to close up 26.65 at 6,056.60 today.

The ISEQ managed to hold on to gains made in the morning to close up 26.65 at 6,056.60 today.

Shares in financial stocks fared well today.

Irish Life & Permanent shares climbed 23c to €13.40. The chief executive of Irish Life & Permanent David Went announced a number of changes to the group’s senior management team today.

Allied Irish Bank shares climbed 29c to €16.40 while Bank of Ireland shares closed up 4c to €12.12.

Shares in Anglo Irish Bank climbed 15c to €9.40.

Elsewhere budget airline Ryanair today announced a 3% pay hike for most its 2,600 staff. The airline's shares climbed 7c to €6.05.

Agribusiness giant Glanbia slipped 3c to €2.60 as the company's AGM was told it is focusing development on consumer foods, food ingredients and nutritional food business.

But another agribusiness giant IAWS has seen shares slip. IAWS shares fell 50c to €12.10. IAWS has been linked to talks to acquire Oxigen, the waste management company.

Meanwhile shares in the Viridian Group – parent company of Northern Ireland Electricity – said pre-tax profits for the year to the end of March were £129m (€187.7m), from £112.5m (€163.7m) the year before. Shares in Viridian slipped 1c to €10.74 today.

Shares in business support services company DCC - which said yesterday before-tax profits were up 8.5% to €126m - climbed 10c to €16.35.

Shares in FBD Holdings surged 40c to €22.90 today. Shares in hotel giant Jurys Doyle climbed 5c to €14.95.

Some of the fallers today included Elan, which saw shares fall 19c to €5.70, and Paddy Power which saw shares fall 34c to €13.51.

The most traded shares today were AIB, Anglo Irish Bank, IAWS, Irish Life & Permanent and Grafton.

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