Fyffes gains on ISEQ
Fruit distribution company Fyffes rose 13c to €2.26 following the news that they intend to establish a new, separately quoted property company, Bluestone Properties plc, with initial net assets of approximately €200m.
Fyffes’ shareholders will directly own 60% of Bluestone, corresponding to €120m of book value, 34c per share.
Fyffes will own the remaining 40% of Bluestone, representing €80m of book value, or 23c per share.
Fyffes has recently commissioned independent valuations of some of its properties, mainly in Ireland and the UK.
The ISEQ index of Irish shares finished the day in positive territory, up 26.76 points to 7159.25.
The financials enjoyed mixed fortunes today. Irish Life and Permanent slipped heaviest, down 30c to €16.40. AIB fell 3c to €17.92, Bank of Ireland fell 2c to €13.37. Anglo Irish Bank made positive gains up 18c €12.20.
Elan's positive run continued today, they rose 27c to €10.82.
Trinity Bio-tech suffered today's heaviest loss, falling 15c to €1.67, over 8%.
Financial services group FBD rose by €1.50 to €36.50.
Construction company CRH rose 52c to €24.12.
