Market report: The Irish market rebounded yesterday after a poor performance earlier in the week, with the main culprits behind the decline, helping to bring the market back up.

The financials all performed well, with dealers reporting decent demand across the board.

Allied Irish Bank was the busiest of the financials, jumping 19 cent, or 1 per cent, to €18.74, although Anglo also performed strongly gaining the same amount to close at €13.20.

Elsewhere Bank of Ireland was up 12 cent, or 0.8 per cent, at €14.80. Irish Life & Permanent jumped 20 cent, or 1 per cent, to €19.95.

CRH was also in focus after US building group Vulcan upgraded its earnings guidance for the first quarter citing strong demand aided by good weather. Despite this, CRH stock ended the day little changed, up 1 cent, at €28.01.

Shares of drinks and snacks maker C&C rose 3.5 per cent after the company issued a statement saying it had hired broker IBI Corporate Finance to review the future of its Tayto crisp brand. The announcement followed speculation in the media that the unit was up for sale.

Dealers said the market welcomed the news of the review and would react even more favourably if C&C decided to dispose of the division.

One trader said the general consensus was that the company would do better to focus solely on its drinks operations, and in particular the rollout of its Magners cider brand in the UK. The shares closed up 20 cent, at €5.95.

Ryanair was flat on the day, closing up 2 cent, at €7.27, despite announcing a 35 per cent year-on-year increase in bookings over the Easter period.

Meanwhile Fyffes' share price also failed to react to an announcement outlining details of plans to spin off its property division and list it separately.

Dealers said the announcement was simply reiterating old news. Its shares were unchanged at €2.13.

Settlement day: April 18th