ISEQ in freefall

The ISEQ was in freefall this morning, dropping 352.10 points to 7469.22.

The financial houses were hit hard. AIB fell €1.15 to €16.25 while Anglo plummeted €1.07 to €11.53.

IL&P dropped €0.73 to €14.80 and BoI were down €0.79 to €11.21.

CRH has announced that it is in negotiations with CEMEX that may lead to the acquisition of certain Cemex assets located in the United States and in Europe.

The completion of any transaction would be subject to satisfactory due diligence, the approval of the respective Boards of Directors and the granting of the required regulatory approvals.

Despite the prospect of this acquisition their price was down €1.29 to €26.35.