ISEQ surges ahead

The ISEQ rose 77.55 points to 7596.29 today as the main players posted gains.

Elan rose 30c to €12.20 today following news that it has agreed to sell the rights to its Prialt drug for the treatment of chronic pain in Europe to Eisai, while retaining the product rights in the United States.

Insurer FBD rose 40c (1.1%) to €36.70.

Bank of Ireland was up 21c (1%) at €14.13, Allied Irish Bank was up 18c at €18.38, while Irish Life and Permanent rose 15c to €17.30. Anglo Irish Bank gained 11c to €12.96.

Budger carrier Ryanair also had a good day, gaining 27c to close at €7.84.

Greencore was up 5c at €3.45 as shareholders heard of a reduction in divisional operating profits of 11.2% to €41.4m at today's AGM.