Iseq falls on quiet day for markets

Trading levels on the Irish market were anaemic today, due partly to a dearth of stock-specific news over the weekend.

Trading levels on the Irish market were anaemic today, due partly to a dearth of stock-specific news over the weekend.

Greencore, in which beleaguered property developer Liam Carroll holds a large stake, proved to be the winner on the day, trading up by more than 5 per cent to €1.25 in advance of Mr Carroll's Supreme Court appeal hearing scheduled to take place tomorrow.

Elsewhere, packaging group Smurfit Kappa, which is due to release interim results on Wednesday, gained almost 1 per cent - or 4 cent - to close at €4.24.

Bookmaker Paddy Power also enjoyed a positive day's trading, lifted by a strong st of results issued by the Swedish-controlled betting company Unibet. Paddy Power closed up almost 3 per cent - or 50 cent - at €17.50.

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Overall the Iseq index fell half a per cent to 2,866.60. Across Europe, Britain's FTSE 100, Germany's DAX and France's CAC 40 were down between 0.2 and 0.8 per cent.