ISEQ recovers in today's trading

The ISEQ took back some of yesterday's losses in trading today, climbing 13.16 to close the day at 6,415.99.

Irish Life & Permanent was one of the big winners today as shares climbed 15c to €14.10. This climb came as Permanent tsb revealed it has opened up 34,000 new current accounts in the first six months of the year after its decision to abolish the main transactional fees and charges.

Elsewhere Allied Irish Bank shares climbed 12c to €17.33 while Bank of Ireland - which yesterday announced it had reached agreement with staff for terms of a round of lay-offs - slipped 4c to €12.85.

Shares in Anglo Irish Bank climbed in early trading but slipped back later in the day to close down 1c to €9.75.

Elsewhere shares in Ryanair slipped 2c to €6.30 despite news the airline will launch four new routes to airports in France, Lithuania and Poland this autumn.

Meanwhile Dragon Oil climbed 2c to €1.61 today. At yesterday’s AGM, all resolutions were passed and Mirza al Sayegh and Brent Kinney were reappointed directors.

One of the big winners of the day was FBD Holdings, which rose 70c to €24.80.