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Markets.
(From Irish Independent)
IRELAND'S index of leading shares nudged forward 3.31 points, or 0.06pc, yesterday to 5,177.18.
Hotel group Gresham dropped 1c to [euro]1.22. In a statement, Gresham said a consortium ofinvestors in talks with it on a possible takeover had lowered its offer from [euro]1.45 to [euro]1.35 a share.
IWP closed unchanged at 32c. The company said yesterday it had disposed of its sharesin two Dutch companies to Baymax BV, a private Dutch family holding company. The deal was closed for a [euro]1.7m cash payment.
Barlo continued to attract interest, advancing 1c to close at 48c, with just over 147,000shares traded on the day. This is the same price as that offered by businessman SeanQuinn to acquire the radiator and plastics group.
Low-fares airline Ryanair continued to fall, dropping 7c to [euro]4.58 as fears that tourismnumbers may fall, among other factors, continue to weigh on the stock.
Among other movers, Elan continued to forge ahead after announcing late Tuesday nightthe sale of its interests in anti-epileptic drug Zonegran to Eisai for $130m.
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