Financials hold ISEQ back
22/02/2006 - 11:16:40The ISEQ index of shares fell back from the 7800 mark this morning as it shed 9.72 points to stand at 7783.26 at 11am.
All the financials made a poor start with AIB down 14c to €19.54 despite the announcement of pre-tax profits of €1.7bn for 2005, which was a 23% increase on its €1.3bn profit in 2004.
Chief executive Eugene Sheehy said half the bank’s profit had been made in its overseas divisions. AIB’s profit from its Irish operation increased by 24% to €779m.
Meanwhile, Bank of Ireland was down 6c to €14.80, Irish Life & Permanent shed 4c to €17.95, and Anglo Irish was unchanged at €13.09.
On a more positive note, pharmaceutical giant Elan bounced back from yesterday's nosedive, adding 10c to €11.60.
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