Financials counter Elan slide to ensure ISEQ rise
The Financial sector ensured that the ISEQ ended the day in positive territory today, countering Elan's continued slide.
The Dublin stock exchange recorded a 61.53 rise to stand at 6,333.15 by the end of the day's trading.
After yesterday’s disastrous news of the death of a patient who was being treated with Elan’s multiple sclerosis drug Tysabri, shares in the pharmaceutical tumbled 90c (14.8%) today to €5.59.
However, the financials had a good day as three out of the four banks recorded increases in their share prices.
Bank of Ireland climbed 30c to €12.97. Former BoI CEO Maurice Keane retired from the bank’s court today. Anglo Irish Bank went up 25c at €20.15, while the AIB rose 12c at €6.37. Irish Life and Permanent showed the only fall - down 18c to €15.17.
Kerry Group remained down 45c at €18.00 all day today. The food company announced group turnover of more than €4bn in preliminary results for the year ended December 31, 2004.
FBD gained 18c to €20.48.
Building materials group CRH was up 14c at €21.29 on news of pre-tax profits topping €1bn for 2004.
Tesco was steady at €4.14. Guardian Newspapers chief executive Carolyn McCall has been appointed a non-executive director of the grocery giant.
