ISEQ rallies in the afternoon

The ISEQ index of Irish shares rallied this afternoon and recovered from a poor morning, eventually finishing up 19.08 points at 9567.02.

Ryanair had a slight increase, up €0.05 to €5.90. This came on the back of the company accusing the Dublin Airport Authority of recklessly trading.

In a letter revealed today Ryanair says it will not use the planned second terminal at the airport, adding that if it succeeds in taking over Aer Lingus, it will make sure that airline will not use it either.

In response, the DAA says carriers who oppose new infrastructure at certain periods, can 'quickly use that infrastructure when it subsequently suits their purposes'.

The financial institutions experienced different fortunes. IL&P had the largest gain, finishing up €0.33 at €21.28 and AIB were not far behind, jumping €0.27 to €23.30.

Anglo Irish were up €0.05 to €16.35 while Bank of Ireland moved up €0.02 to €17.38.