Anger at Aer Lingus move fails to dent shares

Jeers and heckles directed at Aer Lingus boss Dermot Mannion as he briefed staff on the planned closure of the Shannon-Heathrow route failed to dent the airline's share vaule today as prices climbed 4c at €2.45.

Jeers and heckles directed at Aer Lingus boss Dermot Mannion as he briefed staff on the planned closure of the Shannon-Heathrow route failed to dent the airline's share value today as prices climbed 4c at €2.45.

Mr Mannion received a vocal response this morning as he warned staff at Shannon airport that up to 50 job were on the line as a result of the planned move of the Shannon Heathrow route to Belfast.

Meanwhile, oblivious to the restive discussions in Shannon the ISEQ-index of Irish shares surged onward gaining 145.41 points to stand at 8617.89.

Reflecting the upward motion the banking big guns charged ahead with gains across the trading floor.

AIB shot up 65c at €19.65, IL&P also gained an impressive 35c at €18.40.

Bank of Ireland climbed 30c at €14.15 while Anglo also made gains, climbing 18c at €13.83.

Elsewhere uncertainty as to the intentions of potential shareholders of Irish Continental destabilised the ferries group's shares which plummeted 99c or 4.13% to close the day at €23.01.