Thursday, October 24 12:44:56
The ISEQ slipped lower again this morning as Irish and global investors play wait-and-see on the economic front with a flood of US data due in the next few days.
By 12:45, the ISEQ was down 10.75 points to 4,359.36.
Mining and auto stocks lifted European shares on Thursday after encouraging manufacturing data from big consumer China, but mixed earnings from companies trading on high valuations capped gains.
Ryanair shares fell 9c to E6.35. The airline today said it plans to add another eight new routes to its Shannon schedules.
Irish drugs developer, Elan, today reported a $13.8 million net loss in the third quarter largely due to costs associated with its proposed takeover by Perrigo. Elan shareholders will get an opportunity to vote on Perrigo's proposed acquisition of the company in Dublin next month. Earnings Before interest Taxes and Depreciations of $12.1 million was recorded for the third quarter, reflecting the first full quarter of the new royalty arrangements on Tysabri. Elan's shares rose 9c to E11.69.