Market slips ahead of Spanish meet

Irish shares took a tumble yesterday after ending the previous week on a high as investors awaited the results of an EU ministerial meeting in Spain.

The meeting is to focus on efforts to secure further funding for Greece as well as tackling the Spanish debt crisis. The Iseq Index closed 42 points weaker at 3,297.3.

In the financial sector, Permanent TSB and Bank of Ireland declined 0.1c to 2.5c and by 0.2c to 10.1c. AIB was ahead by 0.1c to 5.6c. Insurer FBD Holdings dipped by 1c to €9.84.