ISEQ slides nearly 3% as Ryanair, banks dip

The ISEQ was 155 points lower at 5,101 just after 11am, as the main banks slid about 1% and Ryanair slumped.

Shares in the low-cost airline fell by more than 25% after the company warned that lower fares would results in a fall in its full-year profits. The shares had dropped €1.75 to €5.00 at just after 11am today, with concern also about the impact of next week's EU Commission ruling on its Charleroi hub.