Market down in line with peers

The ISEQ index fell 22.78 points to 2,986.90 yesterday, which was in line with other European and world bourses.

Standard & Poor’s is likely to downgrade Greece’s ratings to selective default when the country concludes its debt restructuring, but that will not necessarily destroy the credibility of the European Union, the agency said.

In the financial sector, Bank of Ireland was unchanged at 11.3c. AIB gained 0.5c to 7.5c. Irish Life & Permanent dipped 0.2c to 2.9c, while insurance group FBD Holdings shed 0.1c to €7.00.