ISEQ edges closer to 8000

The ISEQ index of Irish shares edged closer to the 8000 barrier this morning rising 9.07 points to 7985.51.

Food group Kerry reported pre-tax profits of just under €298m for last year, up from €268.6m in 2004, as sales grew by 7% to €4.4bn this morning, although this did not have any impact on their stock price, as it remained unchanged at €18.65.