Market falls ahead of meeting

THE ISEQ began the week with a fall of 19.68 points to 2,985.36 yesterday.

Other European shares hit their lowest in more than a week with investors selling riskier assets ahead of a meeting of the eurozone finance ministers which is likely to press Greece to take more austerity steps. The ministers are also likely to back a bailout package for Portugal, with new conditions set by Finland.

In the financial sector, AIB slipped 0.4c to 19.6c. Bank of Ireland fell 1.2c to 22.5c, while Irish Life & Permanent was 0.5c down at 13c.

In the construction sector, CRH decreased 19c to €15.89. Grafton Group added 1.5c to €3.50, while Kingspan fell 24.7c to €6,85.

In other news, exploration company Providence Resources posted a net loss of €41.6m euro for last year as it took a massive once-off loss from the sale of a portfolio of Gulf of Mexico assets. The shares closed down 5c at €3.


It is the fourth of May, 2007. I am coming home from work, tired and scrolling through images of Trapani, Sicily - our holiday destination in a few weeks. Nothing remarkable about the journey, until I read the story of a missing girl in Praia De Luz, Portugal.Learning Points: Give Madeleine McCann's family the space to put their lives back together

Des O'Driscoll has your telly picks for tonight.Thursday's TV Highlights: Irish talents shine in Dunkirk and more Premier League football

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