Aer Lingus shares slump on ISEQ

A downcast trading update resulted in a slide for Aer Lingus shares on the ISEQ today, with the index as a whole dropping 30.70 cents to 2,398.33 by market close.

Shares in the former Irish flag-carrier fell 13c or 19.08% to 0.56 after the company revealed that its revenue had fallen by 16% in the first quarter of 2009 compared with a year earlier.

Other fallers included Paddy Power, down 55c to 13.69; DCC, falling 38c to 13.07; Glanbia, slipping 8c to 2.19; Ryanair, falling 8c to 3.12; Kingspan, 7c off at 3.56, and Kerry Group, down 5c to 14.35.

Among the financials, AIB was down 8c to 0.76, Bank of Ireland shed 3c to 0.61 and Irish Life & Permanent climbed 11c to 1.75.

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