Aer Lingus shares climb on ISEQ
Shares in Aer Lingus rose in early trading on the Irish stock exchange this morning as investors responded to the ailing airline's €97m cost-cutting plan which it says will necessitate the axing of 676 jobs.
The former flag-carrier had added 7.69% to its share price by 11.20am, up 6c to €0.77.
The ISEQ index overall posted a gain of 23.15 points, to 3,318.90.
Other major names on an upward path included CRH, rising 44c to €19.15; DCC, up 30c to €18.10; Kerry Group, lifting 26c to €19.66; Paddy Power, adding 20c to €21.25; Grafton Group, up 8c to €3.71; Elan Corp, rising 5c to €4.63, and C&C, also up 3c, to €2.98.
On the fallers' board, Kingspan was down 11c, to €6.34.
Financial stocks were a mixed bag, with AIB down 1c to €3.07 and Bank of Ireland 7c off at €3.08, but Irish Life & Permanent adding 7c to €5.66.
