Shares fall on interest rate fears

A jump in Paddy Power owner Flutter’s stock price propped up the Iseq index of Irish shares on Tuesday. Photograph by Alan Crowhurst/Getty Images. European shares fell on Tuesday as investors remained fearful that central bankers would continue to drive up borrowing costs to ease stubbornly high inflation. Dublin Irish shares performed better than European markets, aided by a strong showing from Paddy Power owner, Flutter, but dealers said activity in Dublin was mostly subdued on Tuesday. Betting giant Flutter climbed 1.65 per cent to close at €156.85, helping to prop up the Iseq Index. Dealers said no particular news…