Commodity producers gain while utilities and banks decline

Oil prices rally as Saudi Arabia agrees to work with others to calm volatility

New chief executive gives few clues as to how to revive business

Iseq is up 0.3% and national benchmark indexes rise in 13 of 18 European markets

The collapse in the company’s share price means it’s now worth less than it owes its creditors in the bond market

Negative sentiment towards airlines sees Ryanair close down 2.4 per cent

US GDP grew at a revised 4.6 per cent annualised rate in the second quarter

Index heavyweight CRH one of the big Iseq movers of session, closing up 2% at €18.35

Morrisons made an underlying pretax profit of £181 million in the six months to August 3rd

A round-up of business events happening this week

Late afternoon sell-off sees Bank of Ireland shares fall more than 4%

Ryanair drops 2.7 per cent, reflecting weakness in aviation stocks across Europe

Supermarket chain sparks talk of industry price war after posting lowest profit for five years