ISEQ sees morning fall of 47 points

The ISEQ index of shares has had a negative morning as shares dropped 47.91 points to 7,322.71 by 11am today.

Drops occurred across the board, with insurance giant, FBD Holdings, the morning's main faller after a 55c slump to €23.40, while Paddy Power tumbled 39c to €22.81.

The financials followed the trend, Irish Life and Permanent seeing its shares go down 28c to €13.95 with Anglo Irish Bank slipping 25c to €11.33 and AIB down 17c to €15.93. Bank of Ireland's stocks fell 16c to €10.86.

Construction firm, CRH, continued the negative mood with a 28c fall to €26.55, while low-fares airline Ryanair slipped 11c to €4.55, despite announcing five new routes from Brussels Charleroi airport.

On the positive side, pharmaceutical giant Elan saw its sock climb 37c to €16.50, while business services group, DCC, had a 30c increase to €19.45.

Elsewhere, construction firm Kingspan, had a 20c rise to €14.70.