Iseq index a sea of red as investors turn risk off
Pope Francis with Emmanuel Macron at the G7 summit in Italy on Friday. The French president's decision to call a snap legislative election last weekend ushered in a week of tumult on European markets. Photograph: Mandel Ngan/AFP via Getty Images
In line with similar moves across the EU, Irish banks lost ground with AIB down 1.4 per cent to close at €4.79 per share and Bank of Ireland down 0.8 per cent to €9.72 per share.Labour legislation and collective bargaining: ‘For smaller, less well-resourced employers, it can all be very difficult to manage’Ryanair, meanwhile, moved 1.3 per cent lower to €16.77 per share as airlines slipped generally amid concerns about the resilience of the European consumer.
On the mid-cap index, Crest Nicholson surged 14.4 per cent after the home builder said it rejected a £650 million pound revised unsolicited proposal from rival Bellway, saying the deal “significantly undervalued” the group.
Ryanair Aib Bank-Of-Ireland Dalata Origin-Enterprises Tesco Sainsbury Marks-Spencer-Ms Lvmh Hermes Bnp-Paribas Axa
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