Poor morning trading for ISEQ

The ISEQ index of Irish shares plunged 66.79 points to 8346.27 by 11.30am today in what was a downbeat morning of trading on the Irish Stock Exchange.

The financials took some heavy hits, with Allied Irish Banks sinking a full 40c to €19.08, with Bank of Ireland (down 29c to €13.20). Competitors Anglo Irish Bank (up 2c to €13.97) and Irish Life & Permanent (down 6c to €18) escaped relatively unscathed.