ISEQ makes positive start to week
The ISEQ has started the week on a positive note, up 31.24 points to close at 6702.17.
The two companies announcing results today - DCC and Ryanair - saw their share prices fare differently.
Business support services company DCC's shares surged 60c to €16 after the company announced group operating profit of €38.6m for the six months ended September 30.
The performance improved on the forecasted 4.4% fall in half-yearly earnings and DCC said it expected double digit earnings growth in the second half of this year.
Ryanair, riding a record-breaking results announcement, saw its stock fall 28c to €6.72 today.
The budget airline announced record half year profits of €237m, up by 18% from the same period last year.
Ryanair boss Michael O’Leary said: "We have again reaffirmed our commitment not to impose fuel surcharges on our passengers and reaped the benefits of this strategy in terms of significant traffic growth and slightly higher yields during the half year."
Meanwhile in the financials, AIB was up 12c to €17.26 while Bank of Ireland rose 20c to €12.95. Anglo Irish Bank reversed the positive trend, falling 11c to €11.26. Irish Life and Permanent rose 13c to €15.18.
It was also a good day for construction stocks, with CRH up 30c to €21.95, and McInerney Holdings up 22c to €8.85.
