ISEQ feels brunt of meagre London rate cuts

ISEQ shares was left floundering today as a disappointing quarter-point interest rate cut in London sent investers dumping stocks on both sides of the Irish Sea.

ISEQ shares was left floundering today as a disappointing quarter-point interest rate cut in London sent investors dumping stocks on both sides of the Irish Sea.

Banks felt the brunt of the blow as share prices slumped across the board. IL&P took a 45c plunge to close at €23.60, AIB fell 23c to €14.47 while BoI fell 16c to €9.43.