Week closes on downbeat note
Financial stocks were weaker as credit ratings agency Fitch lowered it’s rating on a number of Irish banks. This followed its downgrading of Ireland’s sovereign rating on Thursday. AIB fell 6.1c to 0.439, while Bank of Ireland shed 8.8c to 0.387. Irish Life & Permanent was also in the red, falling 9.8c to 1.161.
CRH relinquished some of its previous day’s gains dropping 6c to 15.09. Kingspan on the other hand soared by 14.6c to finish at 6.65. This was helped by the launch of the ‘Green Deal’ in Britain.
