UTV and Kerry biggest fallers on ISEQ

The ISEQ fell 43.12 points to close at 8694.33 today.

UTV was the biggest loser, down 24c (4.4%) to €5.25. It was reported today that UTV had renewed its interest in a merger with Virgin Radio-owner SMG.

Kerry Group also fell heavily, losing 70c (3.7%) to €18.25. Its food-industry rivals fared better.

Glanbia was up 7c (2.4%) at €3.03 after announcing that it will invest €27.1m in projects in Nigeria and China.

C&C closed up 21c (1.9%) at €11.50, while IAWS made 12c to finish the day at €18.57.

Ryanair slipped 30c (3.1%) to €9.40 after admitting that its takeover bid for Aer Lingus is a “long shot”. Aer Lingus fell 1c to €2.73.

It was a good day for Paddy Power, the bookmaker closing up 37c (2.4%) at €15.72.

Construction firm Abbey lost 20c (1.9%) to €10.30. CRH was the day’s most-traded share and fell 15c to €28.45.

Irish Life and Permanent closed down 35c (1.8%) at €9.00, while Bank of Ireland lost 10c to €16.20.

Anglo Irish Bank fell 10c to €14.35. Allied Irish Bank was the only financial to finish the day in the black, gaining 6c to €21.05.

FBD lost 21c to €40.64.

Toolmaker Oglesby and Butler was unchanged at €0.22, despite reporting pre-tax profits of €78,000 for the six months to the end of September, after a loss of €39,000 in the same period last year.