ISEQ closes down, Ryanair slips 5%

Dublin's ISEQ index closed down 23 points to 5329, with gains clocked in Anglo and losses weighing in at over 5% Ryanair.

Gresham Hotel was 8c worse off at €1.10. The hotel group said today that its largest shareholder, Israeli group Red Sea , had rejected a revised approach of €1.35 a share for the company that had been made by a consortium of investors, rendering it impossible for the offer to be recommended by the board.