ISEQ bounces back

The ISEQ index of Irish shares has bounced back from yesterday's loss of over 200 points, rising 130.97 to 7492.34 by 2.30 pm this afternoon.

Shares in eircom were in positive territory, up 5c to €2.20, following the news that Australian finance house Babcock and Brown has joined forces with the eircom Employee Share Ownership Trust (ESOT) to make a long-anticipated €2.4bn offer for eircom.