Irish slip follows European trend

The Irish market followed many of its European peers slightly lower yesterday, losing 4.57 points to finish at 3,213.38.

Earnings season continued at pace in the US with most companies reporting numbers in-line with or ahead of expectations. This positive sentiment was slightly tempered by US jobless claims figures rising for a third week running.

Irish financials were mixed as AIB gained 0.4c to 7.4c while Bank of Ireland was down 0.1c to 11.1c. Irish Life and Permanent moved on 0.2c or 6% to 3.4c as reports emerged that Permanent TSB may be split into core and non-core activities, thus allowing the core business to begin lending again.