Markets fall across Europe

THE ISEQ index fell sharply yesterday by 117.06 points to 2,493.68. This was in line with European and world bourses as stocks were under pressure throughout the day.

AIB fell by 15c to 88c. Shareholders at the group’s EGM voted by an overwhelming majority in favour of recapitalisation of the bank. The bank has received €3.5 billion in funding and in return has allotted preference shares to the government. Bank of Ireland declined 22c to 95c, while Irish Life & Permanent plunged 53c to €2.20.

In construction, CRH weakened 66c to €16.95, Grafton Group dived 27c to €2.50, while Kingspan dropped 47c to €3.85.