European bourses were well down this afternoon following the latest round of profit warnings and job cuts. The ISEQ was no exception. By late afternoon it was 61 points down at 6,348.50.
The main financials were all off with the exception of Anglo Irish which was trading 5 cents up at € 4.60. AIB was down 15 cents at € 12.97 while Bank of Ireland was down 20 at € 11.70.
Irish Life and Permanent was down 23 at € 13.40.
Dublin-based pharmaceuticals group Elan fell € 4 to € 67.50 despitereporting a 60 per cent increase in second-quarter profits.
Irish software group Iona is expected to post strong sales figures when it reports its second quarter results tomorrow.Its share price however fell € 1.50 to 32.50.
Elsewhere Ryanair was down 30 at € 12.50 while Trinity Biotech was down 40 at € 1.75.
Power Leisure, which trades as Paddy Power Bookmakers, fell 10 cents to 3.70 despite reporting a 60.7 per cent increase in its operating profit for the half year to the end of June.