The ISEQ-index of Irish shares shows no sign of recovering this morning as market stalwarts find themselves floundering in the red.

Business support services group DCC, has acquired Southern Counties Fuels Holdings Limited (SCFH), a oil distribution business operating in the south east of England, for €9.75m.

DCC, the firm recently embroiled in an insider dealing case with banana importer Fyffees, has announced the acquisition of British-based Squadron Medical for €16 million.

DCC, a Dublin- based distributor of goods ranging from liquefied petroleum gas to computer software, has received formal approval from the Office of Fair Trading in Britain to complete the acquisition of British oil distribution business CPL Petroleum.

The ISEQ-index failed to cash in on the surge in share prices at business support group DCC today.