ISEQ in negative territory

Shares in Aer Lingus were unchanged this morning at €2.86 after it formally urged shareholders not to sell out to a rival operator.

Aer Lingus chairman John Sharman said: “Over the past five years, Aer Lingus has been substantially transformed. Faced with a strong, well-capitalised and independent Aer Lingus, Ryanair, our principal short-haul competitor, has reacted in a hostile, anti-competitive manner designed to eliminate a rival at a derisory price.”