Aer Lingus tensions leaning on ISEQ

The ISEQ-index of Irish shares dipped this morning under pressure from tensions within market-newcomer Aer Lingus.

Bosses at the airline are meeting with unions for top-level talks today in a bid to avert next week’s planned strike action.

A row over a cost-cutting plan at the airline forced Siptu to threaten rolling four-hour stoppages at Dublin, Shannon and Cork airports on Tuesday and today.

Amid the tensions ISEQ lost 42.30 points this morning to stand at 6939.68 points.

Aer Lingus meanwhile shed 3c off its share price to €2.12.

The banking sector followed suit as losses were recorded across the board. The biggest loser IL&P fell 13c at €13.82. Close behind Anglo fell 10c to €9.43.

Slowing the downward pace slightly AIB fell 7c at €14.41 with Bank of Ireland also managing to stave off major losses as just 1c was shaved off its shares at €9.78.