Elan, financials drag ISEQ down

The ISEQ fell 31.75 points today to close at 7223.14.

Pharmaceutical Elan was the biggest faller, down 39c (3.3%) to €11.30.

Insurer FBD was up €1.08 (3%) at €37.23. The group today issued a promising pre-close trading statement.

The financials, however, had a poor day. Irish Life and Permanent slipped 31c (1.9%) to €16.12.

Bank of Ireland closed down 13c at €13.42, having been the day’s busiest share. The bank today released results of a study showing that third-level students are among its most reliable customers.

Anglo Irish Bank fell 12c to €12.15, while Allied Irish Bank slipped 10c to close at €17.90.

Ryanair fell 16c (2%) to €7.81.

Jurys Doyle Hotel Group closed up 35c (1.9%) at €19.05.

Kerry Group fell 29c (1.6%) to €18.46, while rival food company C&C was up 7c (1.3%) at €5.45.

CRH gained 27c (1.1%) to €24.42. McInerney holdings was up 2c at €10.39, having been presented with a number of safety certificates from minister Tony Killeen today.

DCC fell 5c to €16.65, despite news that a court in Taiwan has begun attaching the assets of Pihsiang Machinery Manufacturing Company to DCC’s British-based subsidiary Days Healthcare.