Positive start for ISEQ
The ISEQ has started the week on a positive note, up 15.50 points to 6686.43 in morning trade.
The two companies announcing results today - DCC and Ryanair - saw their share prices fare differently.
Business support services company DCC's shares surged 55c to €15.95 after the company announced group operating profit of €38.6m for the six months ended September 30.
The performance improved on the forecasted 4.4% fall in half-yearly earnings and DCC said it expected double digit earnings growth in the second half of this year.
Ryanair, riding a record-breaking results announcement, saw its stock fall 17c to €6.83 this morning.
The budget airline announced record half year profits of €237m, up by 18% from the same period last year.
Ryanair boss Michael O’Leary said: "We have again reaffirmed our commitment not to impose fuel surcharges on our passengers and reaped the benefits of this strategy in terms of significant traffic growth and slightly higher yields during the half year."
Meanwhile in the financials, AIB was up 9c to €17.23 while Bank of Ireland rose 12c to €12.87. Anglo Irish Bank reversed the positive trend, falling 7c to €11.30. Irish Life and Permanent rose 5c to €15.10.
