Market slips ahead of ECB meeting

The ISEQ overall share index declined yesterday as investors await the outcome of the ECB meeting later in the week.

The benchmark index of Irish shares shed 14.68 to 3,155.9.

Banking stocks all ended in negative territory with AIB falling 0.1c to 5c, Bank of Ireland dipping by 0.2c to 8.7c and Permanent TSB Group Holdings dropping 0.5c to 2.5c.

Insurer FBD was also weaker by 1.6c to close at €9.

Elsewhere, Total Produce was 1c ahead at 43c as the company delivered a 6.7% increase in its adjusted H1 earnings per share and increased its full-year guidance to the upper end of the 7c-8c guidance previously given.

Meanwhile, DCC was a notable riser climbing 18c to €21.15 after reaching a conditional agreement with Statoil to acquire its industrial LPG businesses in Sweden and Norway. The company also has received clearance from the UK Competition Commission to go ahead with the Total acquisition in the UK.