ISEQ back in the red

The ISEQ index of shares fell back from yesterday's highs, ending today's session down 32.88 points at 7889.3.

The financials bore much of the brunt, with Irish Life & Permanent shedding 30c to close at €20.15.

AIB was down 12c to €18.83, Bank of Ireland lost 9c to €14.58, while Anglo Irish Bank ended the day at €12.93 after losing 7c.

It was also a torrid day for oil stocks. Dragon Oil was down 18c to €2.75, while Tullow Oil also shed 18c to €5.89.

On a brighter note, bookmaker Padd Power built on yesterday's gains with a rise of 20c to €14.16.

Meanwhile, shares at glassware company South Wharf plc were up 5c to €4.40 as it reported an increase in turnover of €300,000 to €1.2m.

The company said the increase reflected sales of glass manufactured at Ringsend, Dublin.

Losses after interest and tax for the year was €2.4m compared to a profit of €1.1m last year.

The company said it might be possible to increase capacity by means of the production facilities of Ardagh Glass.