ISEQ slips on banks but food is up

EUROPEAN markets were buoyant yesterday, following a strong US performance on Tuesday. However, the ISEQ index was dragged lower

A lack of support saw Allied Irish Bank fall 3.76% to 12.81 and Bank of Ireland ease 2.68% to €10.90. Ryanair briefly touched the €€6.00 level before closing at €5.98, up 25c. Also up was Grafton Group, climbing 7c to €3.72.

Food stocks were also in favour. Kerry Group advanced 18c to €12.98, IAWS rose 17c to €7.60, and Greencore added 6c to €2.96, in a positive response to its interim results.