Bloomberg News

Irish Stocks Rise, Led by CRH, Ryanair; Anglo Irish Gains

August 27, 2007

Irish stocks advanced, paced by CRH Plc (CRH) and Ryanair Holdings Plc. (RYA) Anglo Irish Bank Plc also climbed.

Ireland's ISEQ Index (ISEQ) added 0.9 percent to 8,400.51 at 8:47 a.m. in Dublin.

Dublin-based CRH, the world's second-biggest maker and distributor of building materials, increased 3.2 percent to 31.30 euros. The company may say tomorrow that pretax profit rose 26 percent, slightly higher than its own forecast given in July, Goodbody Stockbrokers said in a research note today.

Ryanair, Europe's biggest discount airline, added 2.4 percent to 5.20 euros, while Greencore Group Plc, the world's biggest maker of prepared sandwiches, rose 3.3 percent to 4.75 euros.

Anglo Irish, the country's third-largest lender, climbed 1.8 percent to 14.20 euros. Ireland's richest man, Sean Quinn, may have built up a stake of as much as 11 percent in Anglo Irish, the Sunday Independent reported.

Kingspan Group Plc (KSP), Europe's largest maker of flooring and insulation panels, added 1.7 percent to 17.55 euros. The company is scheduled to publish first-half earnings on Sept. 3.

To contact the reporters on this story: Dara Doyle in Dublin at ddoyle1@bloomberg.net; Louisa Nesbitt in Dublin at lnesbitt@bloomberg.net

To contact the editors responsible for this story: Riad Hamade at rhamade@bloomberg.net; Keith Campbell at k.campbell@bloomberg.net


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