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ISEQ rises in line with Europe's markets

Friday, April 04 12:51:15

The ISEQ rose steadily this morning in line with Europe's markets with an eye to key US jobs figures due later today.

By 12:30, the ISEQ was up 23.28 points to 5,087.76.

Aer Lingus this morning said it carried 5.6pc fewer passengers in March compared to the same months a year ago, largely because of the timing of Easter. Total traffic for the month, including Aer Lingus Regional scheduled flights, was down to 797,000 passengers compared to 844,000 in March 2013. Aer Lingus short haul passengers decreased by 6.8pc from 674,000 to 628,000, while long haul passenger numbers were down 9.6pc to 75,000 in March 2014. The overall passenger load factor - an industry-wide measure of how well airlines fill their aircraft - in March 2014 was 74.7pc compared to 79.9pc for the same month in 2013. Shares in Aer Lingus dipped 2c to E1.66.

The Irish economy will grow by a healthy 2pc this year, helped by increased employment and as confidence returns to businesses, the Central Banks' latest Quarterly Bulletin forecast today. The pace of recover will pick up again next year with a forecast of 3.2pc growth while this year will see CPI inflation fall to just 0.3pc.