FBD slumps €2.27 per share

THE ISEQ index rose a meagre 7.91 points to close at 6,314.32 as top insurer FBD slumped more than 7%.

Shares in the company dropped €2.27 to €28.22 as Dutch financial giant Eureko withdrew its €1.2 billion proposal to buy out FBD Holdings, while also denying the insurer’s claim that its takeover approach was without merit.

The other financials had a much less frenetic day with AIB falling 5c to €13.60, Bank of Ireland dipped 6c to €8.83, while Anglo gained 22c to €8.90.