ISEQ slips into the red

The ISEQ index of Irish shares slumped into the red today, finishing down 28.78 points to 7904.87.

Most the financial heavyweights recorded losses, with AIB being the heaviest faller, down 22c to €19.23. Irish Life and Permanent fell 10c to €19.40 and Bank of Ireland fell 5c to €15.05.

Anglo Irish Bank bucked the trend, rising 2c to €13.25.

Low-budget airline Ryanair, who announced five new routes from Shannon Qirport today rose 5c to €7.70.

Elsewhere Tullow Oil rose 1c to €5.06 following their annoucement of record results for the year ended 31 December 2005.

Sales revenue increased 98% to £445.2m (€646.1m), reflecting a full year contribution from the Energy Africa assets, nine months contribution from the Schooner and Ketch fields and oil and gas prices significantly higher than in 2004.