Iseq sees stock fall 74 points

The Dublin stock exchange saw its price fall 74.44 points this morning to stand at 8,316.04 by 11am.

The decrease was lead by beverage manufacturer C&C who announced a 33% fall in its operating profit for the six months of the year this morning. The drinks manufacturer reported profits of €67.9m for the period with revenue flat at €375.6m. They are currently down 47c to €5.55.

They are not the only ones to see their share price slump, pharmaceutical firm Elan have fallen 27c to €15.75 and Smurfit Kappa have slipped 26c to €15.69.

The financials haven't fared any better as Irish Life and Permanent tumbled 29c to €16.99 and Bank of Ireland fell 24c to €13.49. Anglo Irish Bank fell 15c to €13.55 and AIB went down 11c to €18.05.

Elsewhere, construction giant CRH saw its stock stumble 18c to €29.72, while insurance firmFBD Holdings buckes the trend to climb 38c to €25.20.