Irish Life set for upbeat statement

ANALYSTS are expecting an upbeat trading statement from Irish Life and Permanent, which could boost the share price, tomorrow.

Dolmen Securities analyst Stuart Draper, in a trading note to clients, said: “Given the strong year on year recovery currently taking place in life and pension sales, as well as the buoyant state of the Irish mortgage market, this trading statement is likely to be very upbeat and could act as a positive near-term catalyst for the share price.”

Mr Draper recalled that in March, IL&P reported operating profits before tax of €363.7m, a year-on-year increase of 4%.