ISEQ drops in the morning

The ISEQ index of Irish shares was down 109.98 points to 9322.99 this morning.

There was little or no growth across the board, and AIB was among the big losers – dropping €0.42 to €20.38.

The other financial houses faired little better; Anglo Irish were down €0.25 to €14.60 while IL&P dropped €0.36 to €18.56. Bank of Ireland fell €0.20 to €14.82.

Ryanair has announced that it will sue the European Commission in the European Courts for its 'repeated failure' to take action on a number of State Aid complaints involving Air France, Lufthansa, Alitalia and Olympic Airways, which were submitted to the Commission over a year ago.

The company’s share price dipped €0.04 to €5.15.