Independent up ahead of tabloid edition
The Iseq closed at 5088.06 today, up 13.49.
Construction stocks led the way this afternoon with Abbey up 30c to €7.80.
CRH was up 7c to €17.22 while housebuilder McInerney was up 5c to 5.20.
Independent News & Media was up 2c to €2.13.
Last week, the company announced that the Irish Independent's city edition would be produced in compact or tabloid format.
Similar moves with its UK 'Independent' saw a 7% increase in circulation.
Ryanair stock broke through the €5 barrier, up 15c to close at €5.10 following yesterday's Charleroi ruling.
Chief Executive Michael O'Leary again criticised the decision and said the company will launch an appeal to the European Court of Justice over the coming months.
While analysts have pointed out that the decision isn't the disaster that some see it as, many feel it does offer opportunities to rival low fare carriers.
The Finance Bill, which gives effect to Budget 2004 was published by the Minister for Finance Charlie McCreevy today.
The easing of Capital Gains Tax procedures for resident companies wishing to dispose of subsidiary assets has been welcomed by business leaders.
