ISEQ up 26 points in morning trading

The ISEQ index of Irish shares gained 26 points in morning trading to 4386.58 by 11.15am.

Glanbia jumped an impressive 30c to €4.65, not surprising following news this morning that the food giant has acquired US sports nutrition firm Optimum in a deal worth €213m. In a statement released this morning Glanbia said the acquisition would give them a leading position in a fast growing segment of the nutrition market.

IAWS remained static at €17 per share as did Fyffes, also a non-mover at 50c per share. Kerry Group bucked the positive trend down 15c to €18.70.

Elsewhere, the financial giants experienced a positive morning overall with Bank of Ireland and Anglo Irish Bank both up 13c to €5.39 and €5.53 respectively. AIB gained 8c to €8.30 with Irish Life and Permanent up a modest 1c to €5.26.