ISEQ slips as food groups thwart South Wharf gain

It was a quiet morning on the Dublin stock exchange, with losses from major food companies offset by a strong performance from glassmaker South Wharf.

The ISEQ slipped 3.4 points to 8094.0.

South Wharf gained 45c (7%) to €6.95.

C&C was down 22c (2.1%) at €10.20, while Kerry Group also fell 22c (1.2%) to €18.48.

FBD lost 25c to stand at €37.75 at 10.30am.

Allied Irish Bank gained 12c to €20.19, while Irish Life and Permanent was up 10c at €19.20.

Bank of Ireland was the morning’s busiest share and gained 7c to €15.07. The bank today said it expects a 25% increase in earnings per share for the six months to September 30.

Anglo Irish Bank slipped 6c to €12.65.

CRH was down 10c at €27.35.

Tullow Oil gained 4c to €5.50 after releasing details of its redevelopment of the Schooner-Ketch programme in the North Sea.

Dragon Oil was unchanged at €2.40, having released an update to investors on its LAM21/107 well off the coast of Turkmenistan.

Independent News and Media gained 2c to €2.35 after making profit after tax and exceptionals of €87.3m for the six months to June 30, down 29.7% on the 2005 figure of €124.1m.