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08/07/2008
€3 billion Lost On Irish Shares
Exacerbating ongoing economic problems, the main Irish banking stocks have fallen between 8-10% in the first hour of Tuesday's trading, knocking almost €3 billion off the value of Irish shares.
The Bank of Ireland is reported to have taken the biggest hit, seeing its shares plunge through the €5 mark to €4.55, a drop of over 10%.
Irish stocks were hit by US concerns over two of Ireland's biggest mortgage providers, which are predicted to announce a need to raise more money to strengthen their balance sheets, increasing scepticism on Ireland's likelihood for a quick recovery.
Anglo Irish Bank shares were also hit hard this morning, dropping over 9% to €4.97, with AIB stock shedding almost 8% to €8.25.
Irish Life and Permanent shares, which shed 9.9% yesterday after Moody’s lowered it outlook for the bank, slipped a further 9.3% this morning to €4.85.
Dublin brokers said Irish banking shares were being hit harder than their European counterparts, most of which were 4-5% lower this morning.
However, other European markets were also lower this morning with the FTSE 100 index falling more than 2.4% , the Paris-based Cac 40 index also traded around 2.5 lower as did Germany's Dax index.
(DW)
The Bank of Ireland is reported to have taken the biggest hit, seeing its shares plunge through the €5 mark to €4.55, a drop of over 10%.
Irish stocks were hit by US concerns over two of Ireland's biggest mortgage providers, which are predicted to announce a need to raise more money to strengthen their balance sheets, increasing scepticism on Ireland's likelihood for a quick recovery.
Anglo Irish Bank shares were also hit hard this morning, dropping over 9% to €4.97, with AIB stock shedding almost 8% to €8.25.
Irish Life and Permanent shares, which shed 9.9% yesterday after Moody’s lowered it outlook for the bank, slipped a further 9.3% this morning to €4.85.
Dublin brokers said Irish banking shares were being hit harder than their European counterparts, most of which were 4-5% lower this morning.
However, other European markets were also lower this morning with the FTSE 100 index falling more than 2.4% , the Paris-based Cac 40 index also traded around 2.5 lower as did Germany's Dax index.
(DW)
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16 May 2008
'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.
19 November 2013
1,500 Jury Summonses To Be Issued For Anglo Irish Bank Accused Trial
Some 1,500 jurors are to be called for consideration in the trial of three former Anglo Irish Bank executives.
1,500 Jury Summonses To Be Issued For Anglo Irish Bank Accused Trial
Some 1,500 jurors are to be called for consideration in the trial of three former Anglo Irish Bank executives.
01 September 2011
Drumm 'Lied', Say Anglo
An American judge is to make the call on whether fresh evidence from the Anglo Irish Bank warrants a high profile bankruptcy case. Anglo has accused the ex Chief Executive of the bank, David Drumm, of repeatedly lying under oath. They have urged the US court not to allow Mr Drumm to walk away from bankruptcy.
Drumm 'Lied', Say Anglo
An American judge is to make the call on whether fresh evidence from the Anglo Irish Bank warrants a high profile bankruptcy case. Anglo has accused the ex Chief Executive of the bank, David Drumm, of repeatedly lying under oath. They have urged the US court not to allow Mr Drumm to walk away from bankruptcy.
25 August 2016
Minister for Arts To Attend Culture Summit In Edinburgh
The Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs, Heather Humphreys, is to attend the Edinburgh International Culture Summit. Minister Humphreys will attend a number of meetings during her visit, including Fiona Hyslop MSP, Cabinet Secretary for Culture, Tourism and External Affairs.
Minister for Arts To Attend Culture Summit In Edinburgh
The Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs, Heather Humphreys, is to attend the Edinburgh International Culture Summit. Minister Humphreys will attend a number of meetings during her visit, including Fiona Hyslop MSP, Cabinet Secretary for Culture, Tourism and External Affairs.
18 November 2010
Irish Guardsman Dies In Afghan Firefight
The Stormont First Minister Peter Robinson has this morning expressed his sympathy to the family of a soldier from the 1st Battalion Irish Guards who has been killed in Afghanistan. The Ministry of Defence (MoD) announced that he was shot in an ambush while patrolling in the Nahr-e Saraj district of Helmand Province yesterday afternoon.
Irish Guardsman Dies In Afghan Firefight
The Stormont First Minister Peter Robinson has this morning expressed his sympathy to the family of a soldier from the 1st Battalion Irish Guards who has been killed in Afghanistan. The Ministry of Defence (MoD) announced that he was shot in an ambush while patrolling in the Nahr-e Saraj district of Helmand Province yesterday afternoon.
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Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
