US gains fail to boost activity in ISEQ market as it drops 3.5%

IN A mixed day for the markets that opened higher yesterday afternoon after struggling investment bank Lehman Brothers announced plans to sell assets to shore up its finances.

Earlier the investment bank had reported third-quarter losses of close to $4 billion (about €2.8bn).

The bank’s results were brought forward by a week after the bank’s shares fell by 45% on Wall Street on Tuesday.