ISEQ slips back after week of gains
A week of consecutive gains made by the ISEQ ended in Dublin today as shares slipped back 14.39 to 6,768.77.
Financial stocks were mixed. Allied Irish Bank shares remained unchanged, while Bank of Ireland shares fell 9c to €12.87. Anglo Irish Bank shares climbed 7c to €20.30.
Shares in Irish Life & Permanent climbed 5c to €14.65.
Budget airline Ryanair saw shares slip 4c to €6.40 today. The airline today confirmed it had initiated High Court proceedings against the Irish Airline Pilots’ Union (IALPA).
Ryanair accused IALPA of a campaign of harassment and intimidation of Ryanair pilots.
United Drug shares climbed 5c to €3.65 today as the company announced it was optimistic of enjoying a successful year.
Eircom shares fell slightly, down 2c to €2.12. The communications regulator, ComReg, again warned eircom over the issue of Local Loop Unbundling (LLU). Eircom has appealed a ComReg direction which warned of financial penalties.
Other fallers included building materials giant CRH, which fell 9c today.
The most traded shares today were Bank of Ireland, AIB, Anglo Irish Bank, Ryanair and Fyffes.
