ISEQ up in morning trade
Shares in shipping, transport and leisure group Irish Continental Group have fallen by 23c in morning trade today to €20.65 after the company announced that it has opened its books to a consortium hopeful of making a takeover bid.
The consortium comprises Cork-based shipping company Doyle Group Ltd and One Fifty One plc.
Due diligence is expected to take up to four weeks to complete.
Food company Glanbia saw its shares fall by 1c to €3.775 this morning. The company has released a survey it conducted saying shoppers are prepared to pay a premium price for quality Irish products.
Glanbia Consumer Foods delivers almost two million units of fresh food daily with a brand portfolio that features seven of Ireland’s top 100 brands.
Meanwhile, Aer Lingus saw a rise in its shares, up 1c to €3.14, while Ryanair also saw an increase, of 6c to €6.08.
Overall, the ISEQ index of Irish shares is up 72.27 points to 9673.14.
