ISEQ in negative territory
03/11/2006 - 11:36:39Shares in Aer Lingus were unchanged this morning at €2.86 after it formally urged shareholders not to sell out to a rival operator.
Aer Lingus chairman John Sharman said: “Over the past five years, Aer Lingus has been substantially transformed. Faced with a strong, well-capitalised and independent Aer Lingus, Ryanair, our principal short-haul competitor, has reacted in a hostile, anti-competitive manner designed to eliminate a rival at a derisory price.”
Ryanair edged up 1c to €8.93.
The ISEQ index of Irish shares was down 41.99 points to €8526.09 by 11.05am.
All the financial heavyweights were in the red this morning. AIB fell 19c to €20.71, Anglo Irish Bank was down 12c to €14.23, Irish Life and Permanent lost 5c to €19.16 while Bank of Ireland slumped 3c to €15.55.
