ISEQ retreats yet again

THE ISEQ index plunged 88.16 points to close at 2,430.12 yesterday.

Markets spiralled into further decline amid escalating worries that a Greek default will spark a banking crisis in Europe. Eurozone finance ministers delayed a decision as to whether to pay Greece the next tranche of its €110bn bailout.

In the financial sector, Bank of Ireland slipped 0.3c to 7.4c. AIB fell 0.4c to 3.6c, while Irish Life & Permanent was unchanged at 2.8c.