The Iseq index slipped 63.08 points to close at 3,013.95, in line with European and world markets.

AIB is to continue with the disposal of its non-core assets after receiving regulatory clearance and completing the sale of its assets management business to South African financial group Prescient Holdings yesterday.

STATE-controlled AIB has sold its asset management arm to South African investment management firm Prescient Holdings for an undisclosed sum.

Lawyers for US singer Michael Jackson have settled a lawsuit brought by a finance company that claimed the 'Beat It' singer cheated it out of $48m (€35.7m).

A financial company specialising in asset acquisition is suing Michael Jackson, saying it is owed $48m (€39m) in fees for rescuing the singer’s stake in the publishing rights to songs by the Beatles.