ISEQ down as financials struggle

The ISEQ index of shares was in the red today, down 44.43 to 7602.38.

It was a mostly bad day for the financials. AIB was down 13c to €19.81, Anglo Irish shares were down 12c to €11.58, while Bank of Ireland shed 11c to €14.15.

Irish Life & Permanent was in the black, however, up 15c to €18.65.

Shares at McInerney holdings were down 20c to €10.75 as it announced that it has acquired UK based Bowey Homes Holdings Limited, a regional home builder in the north east of England for €34.52m.

Meanwhile, it emerged today that oil company Tullow has been awarded a 50% operating interest in Block 1/06, a 3,800 sq km oil exploration concession in the lower Congo basin, offshore Angola. Tullow shares were down 3c to €5.89 today.