Anglo Irish sets sights on London

ANGLO Irish Bank could be based in Britain with a London Stock Exchange quotation within seven years, it emerged yesterday.

Anglo CEO Sean Fitzpatrick, in an interview with Business and Finance, said the company may have to move to Britain and out of the Irish Stock Exchange.

Anglo is expected to post a 28% increase in pre-tax profits to €250 million according to stockbrokers Dolmen Butler Briscoe.They believe Anglo’s share price can continue to rise over the next 12 months.