ISEQ tumbles by more than 50 points
The Dublin stock exchange was down by 53.39 points to 6,279.76 by 11am this morning.
Leading the fallers was the Allied Irish Bank who so far have taken a 41c tumble to €16.09. Other financials were also down, Bank of Ireland by 15c to €13 and Irish Life and Permanent by 7c to €15.08. Anglo Irish Bank was the only positive in the sector with a five cent rise to €20.25.
Elan shares continued to tumble, although the fall seemed to be slowing. Their stock was down 13c to €6.20.
After reporting a 7% increase in pre-tax profits, the Jurys Doyle Hotel Group has seen its share price slip 7c to €12.50.
The group profits increased to €45.3m and said it was confident for the year ahead.
Food firm Glanbia share price has fallen by 6c to €2.88 despite expressing satisfaction with its financial performance for 2004 amid a 5.6% fall in its operating profits.
The company said today that it made €83.5m last year, down from €88.5m in 2003.
