Marketing and distribution group DCC has completed its buyout of Allied Foods following clearance from the Competition Authority.

THE ISEQ was ahead for most of the day, but lagged in afternoon trading leaving the index 17.60 points weaker at the closing bell on 5450.52.

The ISEQ index of shares ended the day down 10.75 points to 5450.52 despite profit announcements from Thirdforce, CRH and Kerry Group today.

DCC plc has announced that, following clearance from the Competition Authority in Ireland, its Food & Beverage division has completed the acquisition of 100% of Allied Foods Limited.

The ISEQ has enjoyed a positive morning of trading, climbing 10.24 to 5,352.42 at 11.45am today.

Dublin's ISEQ index fell further this morning after continued oil price anxiety pushed the Dublin market more into the red.

Investors were running for cover today after continued oil price anxiety pushed the Dublin and New York markets firmly on to the back foot.

SALES and distribution company DCC has snapped up control of frozen foods specialist Allied Foods for €14.5 million.

The ISEQ recovered from a jittery start today, closing in positive territory, rising 7.27 to close at 5,375.94.

DCC plc's Food & Beverage division has reached agreement, subject to the clearance of the Competition Authority in Ireland, to acquire 100% of its associate company Allied Foods Limited.