ISEQ up as CPL reports record profits

The ISEQ was up 19.75 points at 6741.67 at 10.30am today.

Recruitment company CPL Resources was up 14c (6.5%) at €2.30 following the group’s announcement of record pre-tax profits of €5.4m for the year ended June 30, 2005, up 112% on the figure for 2004.

Jurys was the most heavily-traded share of the morning, and gained 60c (3.3%) to €19.00.

Food and beverage company C&C was up 5c (1.1%) at €4.68.

Bank of Ireland gained 13c (1%) to €13.15. The bank has reportedly appointed Denis O’Brien as deputy governor, while Bank of Ireland Life announced new business sales of €158.1m for the six months to June 30, 2005, up 13.1% on the same period last year.

Allied Irish Bank was up 10c at €17.65, Anglo Irish Bank dropped 4c to €11.11, while Irish Life and Permanent was unchanged at €15.15.

Insurer FBD dropped 30c to €32.10.

Ryanair fell 6c to €6.67. The airline today announced that it would not change its profit forecast of a 10% rise over the year, despite rising fuel costs. It also unveiled two new routes from Nantes.

CRH was up 3c at €22.16 mid-morning.