Shares in David Duffy's Clydesdale Bank rise in debut

Shares in Clydesdale Bank now run by former AIB boss David Duffy rose up to 2.4% yesterday in their London debut, valuing the British lender at about £1.62bn (€2.14bn).

The lender’s shares were priced towards the lower end of a 175p-235p indicative range, which some analysts had considered aspirational given recent falls in share markets.

The sale of shares in the bank will also be watched closely here, as the outgoing government had pledged to an initial 25% in AIB if it were returned to power after the election.