ISEQ up on back of positive trading news
The ISEQ index of Irish shares rose 13.73 points to 6496.09 in trade today.
Independent News and Media saw a 1c fall to €2.56 despite the group's announcement today that it has experienced "sustainable revenue growth" in each of its five primary markets (Australia, Ireland, New Zealand, South Africa and the UK) so far this year.
The positive trading statement means INM is on course to report year-on-year volume and rate growth in both advertising and circulation revenues. The group's 2005 interim results announcement is scheduled for release on September 14.
Fruit distribution company Fyffes also issued a positive trading statement. In their case, the market responded by pushing company share price up 7c to €2.40.
Fyffes said today that the market has been maintaining momentum since the start of the year, particularly in the group’s continental European operations.
There were mixed fortunes in the financial sector - AIB fell 15c to €17.89; Anglo Irish Bank was down 7c to 10.07; Bank of Ireland rose 19c to €13.24 and Irish Life and Permanent saw a 30c hike to €14.60.
