ISEQ down on poor day for banks
The ISEQ index of Irish shares closed down 35.22 at 5192.64 today.
It was a bad day for the financials, as the continuing AIB controversy saw the bank’s shares fall 42c, or 3.49%, to €11.60.
Bank of Ireland also showed a significant drop, falling 40c, or 3.96%, to €9.70.
Anglo Irish Bank was down 26c to €13.00, while Irish Life and Permanent closed down 10c at €12.45.
Low-fares airline Ryanair saw its shares drop 1c to close at €4.34 after analysts predicted the company would report a 12.5% drop in net profit when results come out next week.
Food company Kerry Group was down 10c to €16.90, but it was not all bad news for the larger companies, with pharmaceutical company Elan posting a 34c increase to €18.94, and business support services company DCC up 36c, or 2.79%, at €13.26.
In London, the FTSE closed down 22.9 points at 4430.7. The Dow Jones currently stands at 10185.49, down 19.71, in New York.
