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AIB's share price plunges

AIB's share price plunges
Thursday, September 30, 2010 - 11:22 AM

Shares in AIB plummeted 17c to €0.38 in early trading on the ISEQ this morning, a drop of 31.16%, as traders responded to the news that the bank required a further injection of €3bn in taxpayer funds.

The bank also announced changes to its management structure this morning, with Executive Chairman Dan O'Connor and Group Managing Director Colm Doherty to depart in a matter of weeks.

The wider market's response to the Central Bank this morning publishing a €29.3bn final Anglo bailout figure remained muted, with the ISEQ down 13.61 points or just over half a percent by 11.30am.

Other fallers of note included Kerry Group, down 41c to €25.14; DCC, down 32c to €20.90; and Providence Resources, down 10c to €2.00.

On the risers' board, Paddy Power was up 20c to €25.75 and Bank of Ireland added 2c to €0.59.

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