Monday, March 04 12:57:01
The ISEQ rose again this morning, helped by a rise in FBD shares after a strong full year set of results from the insurer and as Ryanair gained from lower crude prices.
By 12:45, the index was up 18.76 points to 3,780.96.
Shares in FBD climbed 22c to E12.70. Pre-tax profits rose last year as it increased market share and was helped by much fewer weather related claims, it said today. Profit before taxation rose 5.3pc to E52.9m while operating profits rose from E60.2m in 2011 to E66m last year. FBD said its operating earnings per share rose to 172 cent from 157 cent in 2011 while operating profit in its core underwriting business at E60.4m surpassed the strong performance the previous year. It said that gross premium written fell by 2pc to 344.3m in a market that declined by 5.5pc.
Ryanair stocks gained 7c to E5.82.