ISEQ moves up as larger stocks recover
The ISEQ was trading up 24 points, or 0.48%, to 5154 at 11.45am today, as some of the larger stocks recovered losses made in the last few days.
Ryanair was busy with over 3.1 million shares traded by 11.45am. The airline bounced back 20c to €5.05 after reports that the EU Commission would make it repay roughly 25% of the subsidies it received from Belgian regional airport Charleroi. A source said the rest of the subsidies would be allowed.
Construction heavyweight CRH climbed up 34c to €17.24, and building group Kingspan rose 14c to €4.70.
The banks were mixed. AIB was up 4c to €13.62 and BOI was steady at €11.55. Irish L&P was down 5c to €13.75 at 11.45am and Anglo moved up 5c to €13.80.
Gresham was down 1c to €1.17. Today is the Irish takeover panel deadline for the company where the consortium seeking to take over the group at €1.35 must show its hand.
Independent News and Media was busy up 9c, or over 4%, to €2.15. The company yesterday sold off their 50% stake in the troubled Chorus, to US cable company Liberty Media.
Personal care company IWP gave up some of yesterday's gains. The former management buyout target fell back 1c to €0.35.
