ISEQ falls as Ryanair shares dive over 25%

The ISEQ closed 150 points lower, or 2.86%, at 5,106 this evening, as Ryanair slumped over 25%, losing more than €1.5bn in value after the company warned that lower fares would result in a fall in its full-year profits and that yields in the three months to March 2004 could fall by as much as 30%.

Concern also about the impact of next week's EU Commission ruling on its Charleroi hub also weighed on the stock which closed down €1.89 to €4.86.