Mixed day for banks
The banks were weaker overall, as Allied Irish Bank lost 15c to €13.60 following fears over earnings sparked by British peers. Anglo Irish Bank fell 5c to €6.65 along with First Active also off 5c at €5.35. Positive was Bank of Ireland, adding 20c to €10.95.
The Irish banks have under-performed the British and other European banks by 6.3% and 7.8% respectively since the start of November. Overall the ISEQ financial index was €9.07 points firmer at 8632.86.
Following Tuesday's surge on takeover speculation, Arnotts slipped 10c to €11.20. Construction stocks were mostly lower, with CRH 18c weaker at €14.47 and Grafton 2c off at 3.63.
Housebuilder McInerney dipped in earlier trading before a late recovery to close unchanged at €2.18. Heiton held parity at €2.12. Food stocks were, on the most part, lower. Kerry Group fell by 15c to €12.55 and Greencore closed 12c off at €2.71. Glanbia and Fyffes lost a cent each to €1.57 and €1.30. Donegal was 2c firmer at €2.12.`
Paddy Power were up 3c to €4.98 and Tullow Oil 5c better off at €1.43. Lower were Ryanair, 10c weaker at €7.30 and Jurys Doyle, down 3c to €7.20.
