ISEQ dips in early trading
The ISEQ index of Irish shares dipped almost 40 points in early trading this morning, hitting 2,776.10 points by 11.30am for a loss of 38.45.
Index majors on the fallers' board included CRH, dropping 62c to 17.38; Tullow Oil, 45c off at 10.43; Kerry Group, down 15c to 15.75; Elan Corp, 8c off at 3.40, and Ryanair, falling 7c to 3.15.
Independent News and Media, which this morning announced a discounted rights issue in an effort to repay part of its outstanding €200m bond, fell 6c to 0.27.
AIB was down 12c to 1.88 despite announcing the raising of around €1bn in a debt swap exercise.
Meanwhile Bank of Ireland rose 8c to 1.85 and Irish Life & Permanent was down 2c to 3.06.
On the risers' board, FBD Holdings rose 22c to 7.49; Paddy Power added 16c to 16.78 and Glanbia was up 10c to 2.45.
