Bernard Byrne favourite to take over as AIB chief

A string of large bets has seen Bernard Byrne installed as the firm favourite to succeed David Duffy as chief executive of AIB.

Bookmaker Paddy Power has slashed his odds from 4/1 one week ago, to 1/4 following a number of hefty punts.

Mr Byrne is director of personal and business banking at AIB, having joined the 99.8% state-controlled bank in 2011.