Market falls on bailout concerns

THE ISEQ closed down 19.67 points at 2,972.92 yesterday.

Worries about plans for a fundamental review of the bailouts given to Europe’s high debtors drove European stocks lower and increased bond yields of troubled eurozone economies.

In the financial sector, AIB added 0.6c to 22.4c. Bank of Ireland fell back 1.4c to 23.2c. Irish Life & Permanent fell 0.8c to 13.2c, while insurance group FBD Holdings weakened 19.9c to €7.10.