RSS FeedISEQ and Company Update, 19-Feb-2010
Posted by Senan Coleman | 19 February 2010
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ISEQ Week Open: 2902.50, Week Close: 2967.42
Ryanair
- The big story of the week was Ryanair and the discussions on the use of hangar 6 at Dublin airport. No agreement reached yet.
Providence Resources
- Secures exploration authorisation over baltimore heavy oil discovery.
- Initial estimates suggest a resource potential of up to 300 million barrells.
- Source: http://www.providenceresources.com/uploads/baltimorelicensingoptionaward-16-2-10finalversion%5B0%5D.pdf
Bank Of Ireland
- Due to an EU Commission ruling, Bank Of Ireland will make no coupon payments on its Tier 1 and upper Tier 2 capital instruments, unless legally obliged to do so. As a result the government, through the National Pension Reserve fund will be given shares instead of cash owed. This will give the state a 15.73% ownership of BOI from Monday.
- Source: http://www.ise.ie/app/announcementDetails.asp?ID=10383161
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