Kerry Group, Irish Life & Permanent shares tumble
The ISEQ index was up slightly to 8134.41 points, a gain of 1.97, by 11.25 this morning, despite disappointing results announcements hitting some shares hard.
Chief among these was Irish Life & Permanent, who saw shares fall 55c to €19.65 following a fall in after-tax profits, down to €202m compared with €220m during the same period last year. There was less volatility for the other financials, the best performer being Allied Irish Banks, who climbed 17c to €20.67. Bank of Ireland inched up 4c to €14.80 and Anglo Irish Bank dipped 1c to €13.09.
The results of Kerry Group also failed to inspire the market, as it saw energy costs hit profits. Shares in the food giant dropped 20c to €17.35.
It was a mixed day in the construction sector, with CRH sliding 25c to €27.65. By contrast, Grafton Group climbed 15c to €11.15.
Elsewhere some strong performances from DCC (up 20c to €19.70) and FBD (up 30c to €38.80) helped keep the ISEQ in the black.
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