Eircom soars on ISEQ

Eircom shares soared nearly 8% to €2.19 by 11am on this morings ISEQ after a report in the Irish Independent which said Swisscom, Switzerland's largest telephone company, had contacted the company about the possibility of making a €3 billion bid.

Eircom aside, it was a bad morning on today's ISEQ as fears over the health of the United States also sent a shiver through the London market today.