Financials help drag ISEQ down at close
15/07/2004 - 18:36:10The ISEQ slipped 15.28 to close the day at 5,400.03, with financial stocks slipping back.
Bank of Ireland slipped 14c to €10.41while Allied Irish Bank dropped 8c to €12.22.
Irish Life & Permanent fell 13c to €12.40. Anglo Irish Bank closed down 5c at €12.76. Anglo announced today that Sean Fitzpatrick will become the bank's non-executive chairman.
Mr Fitzpatrick will succeed Peter Murray as non-executive chairman from January 2005.
Meanwhile building company Abbey slipped 8c today to close at €8.60. Abbey announced pre-tax profits for the year ended April 30, 2004, of €60.21m, up from €48.46m in the same period of 2003.
Group operating profits during the year were €58m, a 28% increase over the previous year (€45.3m).
ISEQ-listed Iona Technologies today announced second quarter revenues of $15.2m (€12.3m). Shares in the company were unchanged at €2.70.
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