ISEQ plummets in early trading

The ISEQ index took an early hammering before 1pm today, losing an incredible 260.89 points to decline to 7,418.13 in a miserable morning of trading where no company made any gains.

The financials all made significant losses. Irish Life & Permanent fared the worst, losing 75c to €18.70. Bank of Ireland shed 53c to €13.62, despite their contention that today’s outsourcing deal would save the company €30m.