ISEQ down led by Ryanair, financials

The ISEQ list of shares in Dublin dipped into negative territory this morning, falling nearly five points, or 0.10%, to 4,819.

The financials were down as investors sold off to take advantage of recent gains.

Anglo fell €0.08 to €12.72 after busy trading. BOI was down €0.03 to €10.52 and AIB shed €0.01 to €12.36.

Irish L&P fell €0.05 to €12.40, losing gains made yesterday on the back of its positive trading statement announced earlier this week.

First Active was down €0.01 to €6.16 after a busy morning's trade.

Ryanair continued to plunge following the failed French court appeal. The stock was down €0.14 to €6.49 after recovering late yesterday. The court ruled that payments to the airline from Strasbourg's chamber of commerce to support the service represented improper use of public funds.

Independent N&M was busy up €0.05 to €1.90. Dr Brian Hillery, currently chairman of UniCredito Italiano Bank and chairman of Providence Resources, has been appointed to the board of Independent News & Media as non-executive director.

The food sector put in a mainly positive performance. Kerry group was up €0.30 to €14.40 and Glanbia was down €0.03 to €2.10.

Greencore, who yesterday disclosed the identity of its main shareholders, was up €0.02 to €3.20.

The company confirmed that Bank of Ireland Securities Services (BOISS) was the holder of 27% of its shares.

Waterford Wedgwood added €0.03 to €0.225, as the period for trading in its rights draws to a close.