The Irish market was little changed yesterday as DCC and Jurys Doyle proved the main news features.

Shares in the industrial holding group dropped by 74 cent, or 4.4 per cent, to €16.25 after the company issued full-year results.

Despite delivering another year of earnings growth, with a 9 per cent increase in group earnings before interest and taxation, the market focused on a disappointing performance by DCC's information technology division.

Earnings in the business were down 12 per cent on the back of pricing pressures with a particularly weak second half performance, prompting the fall in the share price.

Elsewhere, shares in Jurys Doyle closed 29 cent, or 2 per cent, higher at €14.90 despite the company's decision to reject an unsolicited takeover approach pitched at a price of €15.25 per share. The board rejected the offer on the grounds that it did not fully reflect the value of the company. Investors are now waiting to see if the Precinct consortium behind the bid will increase its offer or if a rival bidder will emerge.

Otherwise, trading was light as a number of European markets remained closed for a holiday.

Grafton Group was among the better performers, building on Friday's gains to close 19 cent, or 2.2 per cent, higher at €8.72.

Paddy Power, which holds its annual meeting today, gained seven cent to €13.85. But Glanbia, which also hosts its annual gathering of shareholders, lost 2.6 per cent to €2.63.

Drink and snacks group C&C had a good day, adding six cent, or 1.9 per cent to €3.29.

Banking stocks were quiet as volume remained very light. AIB inched up by one cent to €16.11, Bank of Ireland gained three cent to €12.08 while Anglo Irish Bank lost five cent to €9.25.

Ryanair also gave up ground, losing three cent to €5.98, while Elan was among the losers in Dublin, closing eight cent lower at €5.89 despite moving ahead in New York.