Irish Bank shares soar on takeover rumours

September 19 2008

Rumours this morning that Bank of Ireland is to be taken over by Spanish Bank Santander have sent all Irish bank shares rocketing on the Dublin Stock exchange this morning.

At 9:17 am, the Irish banks were up by the following percentages:

AIB up 34.1% at €7
Bank of Ireland up 33% at € 5.03
Irish Life & Permanent up 20% at €6.15
Anglo up 41% at €6.13

The turmoil of the last few days has seen international investors dump Irish bank shares, and the market is now recognising that these have been over-sold with huge jumps on the news that large european banks are ready to pounce.

The following table is taken from Merrion Stockbrokers website:

Advertisements

One comment on “Irish Bank shares soar on takeover rumours

  1. […] has been a voltaile few months for Irish Bank shares, soaring on certain news and crashing again. Following the first fall below €1 on November 17, […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s