Ryanair dip leads to market slump

THE Dublin market fell into negative territory yesterday led by a slump in Ryanair shares.

The ISEQ fell 15.15 points to 4753.22.

The budget carrier dropped 27c after a draft report from the European Commission indicates that its arrangements with Charleroi will be found unlawful. The airline fell to 6.56.

Elsewhere, construction giant CRH slipped 15c to 15.50, while diversified industrial group DCC tumbled 32c to 10.65. Pharmaceutical giant Elan bucked the negative trend, up 15c following their Q3 results.

The financials had a solid day with AIB and Bank of Ireland up 1c and 8c respectively. Similarly Irish Life & Permanent added 1c while Anglo Irish Bank was 7c stronger at 10.17.