With London closed for the August bank holiday, trading in Dublin slowed to a trickle yesterday with modest price changes being the order of the day. The one exception to the small price changes was Grafton which jumped another 40 cents to €21.90 (£17.25), bringing its gains since its excellent results to €2.40.
This week sees the interim reporting season get under way in force with results from CRH and Kerry today, Waterford Wedgwood, Smurfit and FBD tomorrow, while Kingspan, Glanbia and Independent all report results on Thursday. Independent will also announce details today of its planned £40 million (€50.8 million) printing plant in west Dublin, a project seen as crucial to Independent's plans to carve out a strong position in the lucrative colour advertising market.
Fyffes disclosed that it bought back 200,000 shares on Friday at €1.85 (£1.46) - the shares were two cents easier yesterday on €1.83 (£1.44). High-tech group ITG has disclosed that it has issued another 161,972 shares as part of the Computers in Ireland earn-out. These earnout shares are worth €1.04 million (£820,000 at yesterday's closing price of ITG of €6.40 (£5.04).
