Jurys gain on ISEQ

Despite news of a takeover bid at Jurys Doyle group, raising their share price by 40c to €19.10, the the ISEQ finished in the red by the end of today's trading.

The ISEQ was down 40.71 points to 6745.26.

A family consortium owning more than 40% of Jurys Doyle launched a €1.25bn takeover bid for the hotel group, it was announced today.

The bid prompted a flurry of trading as Jurys shares were the most active on the stock exchange this morning.

Drinks compant C&C saw their share value jump by over 7% as it rose 37c to €5.65. Bookmaker Paddy Power also had a good day, rising 20c to €14.80.

However, today's trading also saw some big losses. Construction company CRH fell 27c to €22.18, while pharmaceutical compant Elan fell 32c to €6.33, a drop of nearly 5%.

AIB suffered the biggest loss of the financials, falling 20c to €17.55. Bank of Ireland and Irish Life and Permanent fell 3c to €12.97 and €15.12 respectively.

Anglo Irish Bank recorded an increase of 2c to €11.52.