Bank announcement sees all EU markets decrease

All the major European equity markets finished in negative territory yesterday. Markets opened down following an announcement late on Thursday by Spanish bank Santander that it had raised €7.5bn in a share sale and that it is to cut its dividend. The stock was down 14% at the close yesterday.

The Iseq decreased by 13.33 points to close at 5,125.39.

Bank of Ireland decreased by 4.6% to close at 29.2c while AIB decreased by 3.6% to close at 8c. Permanent TSB was down 4.3% to close at 6.2c. FBD decreased by 1.5% to close at €11.

Aryzta increased by 1.7% to close at €63.287, Glanbia decreased by 0.1% to close at €12.605 and Kerry Group was up 1.9% to €58.08.

CRH was down 1.7% to close at €19.48 and Kingspan was down 1.4% to close at €14.20.