The ISEQ index of Irish shares made up for some of yesterday's losses, rising 149.34 points to 7510.71, by the end of day's trading.

The ISEQ index of Irish shares has bounced back from yesterday's loss of over 200 points, rising 130.97 to 7492.34 by 2.30 pm this afternoon.

Australian finance house Babcock and Brown has joined forces with the eircom Employee Share Ownership Trust (ESOT) to make a long-anticipated €2.4bn offer for eircom.