Financial shares in decline

THE Irish market fell yesterday for the first time in seven days, mirroring similar declines across Europe, with the ISEQ index closing 7.90 points lower at 4481.05.

Financial shares in decline

Financial shares were weaker. Allied Irish Bank eased 1.5% to €12.26; Bank of Ireland dropped 4c to €10.76, while Anglo Irish Bank slipped 10c to €8.65. Irish Life & Permanent bucked the negative trend, rising for the second day in succession to €9.95.

Strong interest was seen in Ryanair following the news that the company has announced new routes from Birmingham to compete directly with low-fares competitor MyTravelLite. The stock finished 5c higher at 6.40. Other significant movers included CRH, up 18c to €16.45, while Paddy Power lost 30c to €6.25.

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