Settlement Date: December 2nd: Greencore and Anglo Irish Bank were among the main features on the Irish stock market yesterday, as both closed higher after reporting full-year results.
Anglo shares added 30 cents to €6.70 after the bank reported a 34 per cent rise in pre-tax profits. The market hailed the better-than-expected results and analysts set about upgrading them.
Greencore, too, added 12 cents to €2.67 as it released results in line with expectations. "They were a very solid set of numbers and prompted a bit of a relief rally in a stock that has been under pressure," one dealer said.
Shares in Trintech, whose third-quarter results were also in line with expectations, posted a more modest rise on the Neuer Markt, closing 2.3 per cent higher at €2.21.
Elsewhere, shares turned in a mixed performance although the ISEQ index closed modestly higher.
AIB had a good day, adding 50 cents to €14.55 but Bank of Ireland was up a more modest seven cents to €10.42, while Irish Life & Permanent lost seven cents to €11.13.
Leading industrial stocks were generally weaker, with CRH closing three cents lower at €13.67. Ryanair shed 21 cents to €7.69 and Kerry Group losing 19 cents to €13.11.
Dealers reported good trading in Riverdeep, which closed eight cents higher at €1.60 with some two million shares traded.
Sherry FitzGerald was again in the market to buy its own stock, purchasing 3,254 shares yesterday at an average price of €1.25 and announcing it had bought a further 7,500 on Tuesday at €1.24. It added just one cent to €1.25.
