Iseq climbs 60 points

The Dublin stock exchange had a strong start to the day as the financials boosted the Iseq.

The index stood at 8,142.27 at 11am, a rise of 60.46 points.

AIB lead the way with a 30c rise to €20.60, while the Bank of Ireland went up 22c to €15.42. Both the Anglo Irish Bank and Iriah Life and Permanent saw their share prices go up 20c to €12.90 and 19.10 respectively.

It was good news elsewhere as food group, Kerry, saw their stock boosted by 22c to stand at €18.62 and insurance giant FBD Holdings experienced a 20c rise to €38.

Low-cost airline, Ryanair, also had a positive start as their stock climbed 14c to €7.96.

However, Paddy Power slipped 16c to €14.30.