Kingspan acquisition fails to lift ISEQ
The ISEQ has started the week off in negative form despite news of Kingspan's acquisition of Century Homes today.
The Dublin stock exchange was down 28.01 points to 6,056.29 by 11am.
The Irish building firm Century Homes was sold to the Kingspan construction group in a deal worth €98m. Shares in Kingspan have soared by 47c to €9.32.
Another riser was the food group IAWS who have announced an increase of 23% in pre tax profits for the six months up to January 31, 2005.
The group's profits were at €42.8m as compared to €34.8m for the same period in the previous year. Their share price is up 5c to €11.83.
FBD Holdings is another notable riser with a 30c increase to €21.30, while Paddy Power saw their shares go up 10c to €14.20 this morning.
Irish Life and Permanent were the only positive aspect in the financial sector with a nine cent increase to see their shares at €14.44. Anglo Irish Bank and Bank of Ireland both recorded falls of 19c to €19.90 and €12.41 respectively while AIB had a 11c decrease to €15.52.
Waterford Wedgewood have seen a 20% fall in their share price after the luxury goods group warned today that its financial results for the year to the end of March will be below market expectations.
Elan's share price has fallen 33c to €5.10.
