ISEQ rises above 3,000 barrier

The ISEQ index of Irish shares edged above the psychologically-important 3,000 mark today, rising 40.43 points to 3,005.39.

Irish Life and Permanent declined 4c to 90c after warning that bad debt charges for last year are expected to rise by €80-€100m. Allied Irish Banks inched up 1c to 28c. Bank of Ireland remained unchanged at 38c.