ISEQ in the red

The ISEQ index of Irish shares was down this morning falling 223.77 to 7741.76.

With shares in troubled bank Northern Rock continuing to fall by 21%, the Irish financial heavyweights had an equally bad morning with Anglo Irish Bank the worst performer plummeting 81c to €12.29. Irish Life and Permanent followed the negative trend down 63c to €14.55 as did AIB dropping 56c to €17.19. Bank of Ireland fell 29c to €11.80.