Iseq falls 78 points in morning's trading

The Irish stock exchange has had a negative morning with the index 78.46 points lower at 4,525.91 by 10.45am.

The financials have been the main culprit in the decline with insurance giant FBD Holdings tumbling €1.31 to €14.89. The banks have followed suit, AIB falling 23c to €8.68 and Anglo down 22c to €5.51. Bank of Ireland saw its price dip five cents to €5.71 while Irish Life and Permanent remained steady on €6.40.