Market Report: The Iseq Index of Irish shares ended the week at 6,240.57, rising 14.21 points yesterday in a day of light trading ahead of bank holiday weekends in the UK and the US.

The biggest news came from Eircom, which closed down 7 cent at €1.84 after the telecom operator's results failed to inspire traders who had been hoping for more information on the group's plans to move into the mobile telephony market.

Its failure to sign more customers to its broadband service in the fourth quarter and the implication that it will have to reduce the price of the service was also disappointing, traders said. Ryanair added 15 cents to end the day at €6.30.

Elsewhere Greencore gained 11 cent to end the day at €3.38 with good volumes. The company said on Thursday that profit before tax rose rose 8 per cent in the six months to March 25th, 2005.

Meanwhile Elan, which added 63 cent on Thursday, held onto its gains ending the day unchanged. At its annual meeting on Thursday the pharmaceutical developer made a positive statement about the prospects of getting regulators to review Tysabri, its Multiple Sclerosis drug that had previously been withdrawn. Allied Irish added 18 cent to end the day at €19.98 amid speculation the bank may be admitted to the Euro Stoxx 50 when Telecom Italia drops out on Tuesday, traders said. Volumes were light.

Elsewhere in the financials, Anglo Irish slipped 15 cent to €9.60, while Bank of Ireland ended the day down 5 cent at €12.47.

Staying with the financials, but moving in the other direction, Irish Life & Permanent gained 13 cent, to close at €13.65.

Waterford Wedgewood ended the day unchanged at 4 cent. The company told shareholders it would hold an extraordinary meeting on June 20th to discuss proposed resolutions regarding its forthcoming rights issue aimed at raising money to restructure the company.