Anglo Irish profits soar

ANGLO IRISH BANK’S positive flow is set to continue next week, when the company is expected to announce a 40%-plus increase in pre-tax profits.

NCB and Davy Stockbrokers were both bullish yesterday on the predictions for the bank’s figures for the first six months, scheduled to be released next Wednesday.

NCB’s pre-tax profit estimate is €217m (+39%) compared to Davy who expect profits of €218.9 (+42%).