ISEQ in positive territory

The ISEQ-index of Irish shares ventured into positive territory this morning with a 68.83 point surge to 9400.39 points.

Listed financial services group IFG announced the appointment of Gary Owens as chief executive of its Irish business.

Mr Owen's will replace Mark Bourke, who was appointed chief executive of the group last year.

The company's shares were at a standstill this morning with shares at €2.25.

All the banking big guns performed well this morning with IL&P the strongest performer up32c at €18.84.

AIB surged by 18c at €20.50 while Bank of Ireland and AIB were up 9c and 7c at €15.19 and €15.05 respectively.