Kerry Group, Irish Life & Permanent shares tumble

The ISEQ index was up slightly to 8134.41 points, a gain of 1.97, by 11.25 this morning, despite disappointing results announcements hitting some shares hard.

Chief among these was Irish Life & Permanent, who saw shares fall 55c to €19.65 following a fall in after-tax profits, down to €202m compared with €220m during the same period last year. There was less volatility for the other financials, the best performer being Allied Irish Banks, who climbed 17c to €20.67. Bank of Ireland inched up 4c to €14.80 and Anglo Irish Bank dipped 1c to €13.09.