Market report: BoI stock up in morning trade

Bank of Ireland stock rose three cent to €10 in morning trade today, after the group announced a 6% rise in profits in the first half of the year.

Profits before tax were up 6% from €670m in the six months to the end of September last year to €713m this year. The bank said profits on ordinary activities before exceptional items were up 5% to €676m.