ISEQ moves forward
Shares at banking big gun AIB have climbed 6c this morning to €22.46 as traders await reaction to news that the Labour Relations Commission has reversed a pension scheme decision that gives new guarantees to staff at the bank.
Head of Conciliation at the LRC, Kevin Foley said the bank should bring in a new scheme to give staff a guaranteed minimum pension on retirement.
Banking unions say the plan would be a significant step towards providing fair pension cover, and should be accepted by AIB.
AIB's modest performance was reflected across the board as the other financial heavyweights reported small gains on the ISEQ.
IL&P also climbed 6c at €19.76, Bank of Ireland was up 3c at €16.10 while Anglo Irish Bank made a 9c increase at €16.56.
Overall, shares on the ISEQ went up 43.18 points at 9617.30.
