Poor day for financials sees ISEQ slide 84.77

The ISEQ index dropped 84.77 today to close the day at 5,266.74, with financial stocks on the slide.

Allied Irish Bank today announced pre-tax profits of €699m for the first half of this year, a 10% increase on the figures for the same period last year. Despite these impressive figures shares in the bank slipped 5c to €12.40.