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22/11/2007
Construction Sector Hardest Hit In Stock Market Fall
It's not a 'panic' (yet) but shares in the Irish stock market continued to fall in the first hours of trading this morning – and by more than on the other markets – with the already hard-pressed construction industry being particularly hard hit.
While the current falls are widespread and happening on other exchanges and international money markets, the Irish (Iseq) index was down 1.28% at 10.50am.
The banks are worst affected – as in earlier drops - with most down by around 2% earlier today and Irish life and Permanent down by 5%.
Yesterday, the Irish stock exchange fell to its lowest level in almost two and a half years, with financial and construction stocks being particularly affected.
However, while the other European markets do not so far seem to have experienced the same losses as the Irish market, this is partly due to the US markets being closed for today's Thanksgiving holiday.
These latest Irish market problems are continuing on from yesterday - when more than €4bn was wiped off the value of Irish shares - amid continuing uncertainty in international markets.
Investors have lost around €8bn this week alone and the ISEQ index has lost 19% of its value in the last month.
The continuing slide has also knocked 5% off pension funds so far this year.
Stocks markets fell in all 18 western European markets but the Irish market was again hit more severely than others.
In the US, the New York stock exchange closed down 1.6% last night amid new fears about a slump in the housing market there.
There are concerns that further bad news from the banks could emerge while US markets are closed.
(BMcC)
While the current falls are widespread and happening on other exchanges and international money markets, the Irish (Iseq) index was down 1.28% at 10.50am.
The banks are worst affected – as in earlier drops - with most down by around 2% earlier today and Irish life and Permanent down by 5%.
Yesterday, the Irish stock exchange fell to its lowest level in almost two and a half years, with financial and construction stocks being particularly affected.
However, while the other European markets do not so far seem to have experienced the same losses as the Irish market, this is partly due to the US markets being closed for today's Thanksgiving holiday.
These latest Irish market problems are continuing on from yesterday - when more than €4bn was wiped off the value of Irish shares - amid continuing uncertainty in international markets.
Investors have lost around €8bn this week alone and the ISEQ index has lost 19% of its value in the last month.
The continuing slide has also knocked 5% off pension funds so far this year.
Stocks markets fell in all 18 western European markets but the Irish market was again hit more severely than others.
In the US, the New York stock exchange closed down 1.6% last night amid new fears about a slump in the housing market there.
There are concerns that further bad news from the banks could emerge while US markets are closed.
(BMcC)
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The Minister for Finance, Michael Noonan, has signed an order to make it easier to invest in Ireland's growing businesses by extending an exemption on Stamp Duty. The order provides an exemption from Stamp Duty on transfers of shares in Irish companies admitted to the Enterprise Securities Market (ESM) of the Irish Stock Exchange.
Stamp Duty Exemption Order Signed
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'Large Irish Presence' At Cannes
The focal point for the Irish film industry at the Cannes Film Festival, the Irish Pavilion, has opened again for business this week, with over 200 of the leading lights of the Irish film industry flying out to the festival to promote and sell new Irish cinema.
'Large Irish Presence' At Cannes
The focal point for the Irish film industry at the Cannes Film Festival, the Irish Pavilion, has opened again for business this week, with over 200 of the leading lights of the Irish film industry flying out to the festival to promote and sell new Irish cinema.
16 August 2007
Loan Worries Cause Stock Market Falls
Stock markets have experienced further falls as concerns persist over the effects of lending to high risk creditors. The Dublin ISEQ dropped 300 points to shed 3% of its value. While the London FTSE 100 has plummeted below 6,000 as just over 2% was shed from market share values in early day trading.
Loan Worries Cause Stock Market Falls
Stock markets have experienced further falls as concerns persist over the effects of lending to high risk creditors. The Dublin ISEQ dropped 300 points to shed 3% of its value. While the London FTSE 100 has plummeted below 6,000 as just over 2% was shed from market share values in early day trading.
05 April 2011
RIR Afghanistan Parade Opposed
The Royal Irish Regiment has begun its return to the UK after almost seven months in Afghanistan - but there's also controversy in the North as a return parade there is to be opposed by republicans.
RIR Afghanistan Parade Opposed
The Royal Irish Regiment has begun its return to the UK after almost seven months in Afghanistan - but there's also controversy in the North as a return parade there is to be opposed by republicans.
10 February 2010
Cowen Reassures As Opposition Panics Over Bank Withdrawal
The Taoiseach has stepped in to reassure Halifax customers after the bank announced this morning it was pulling out of the Irish market. Meanwhile however, the Opposition party Fine Gael have been prompted to ask if other banks are following the move.
Cowen Reassures As Opposition Panics Over Bank Withdrawal
The Taoiseach has stepped in to reassure Halifax customers after the bank announced this morning it was pulling out of the Irish market. Meanwhile however, the Opposition party Fine Gael have been prompted to ask if other banks are following the move.
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Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
