ISEQ up as CRH announces healthy profits
29/08/2006 - 11:22:06CRH led the charge this morning as the ISEQ index of shares surged ahead 70.29 points to 7987.76.
The building materials giant's shares were up 58c to €26.75 as it announced a 37% rise in pre-tax profits. The company expects healthy profits for the year as revenues rose to €526m from €384m for the first six months of 2005.
CRH has also announced the completion of the acquisition of Ashland Paving And Construction Inc. (APAC) in its biggest-ever transaction, worth $1.3bn (€1.01bn).
Meanwhile, it was also a good morning for the financials. Irish Life & Permanent was up 15c to €19.40, Bank of Ireland saw an 11c gain to €14.94, while AIB and Anglo Irish were each up 10c to €20.30 and €13.02 respectively.
