Bank of Ireland shares down over 13%

Bank of Ireland shares were down over 13% on the ISEQ exchange this morning as investors digested yesterday's shareholder approval of the bank's €3.4bn capital raising plan.

Bank of Ireland shares down over 13%

Bank of Ireland shares were down over 13% on the ISEQ exchange this morning as investors digested yesterday's shareholder approval of the bank's €3.4bn capital raising plan.

Shares in the bank fell 12% or 13.21% to €0.81 by noon.

The wider ISEQ index was marginally down, shedding 6.50 points or 0.22% to 2,972.44 by 12pm.

Notable on the fallers' board were Tullow Oil, shedding 31c to €12.50; Paddy Power, down 15c to €2.95, and Kerry Group, slipping 5c to €22.60.

Among the risers, DCC added 42c to €18.08; Elan Corp was up 12c to €4.82; C&C was up 4c to €3.35 and FBD was also up 4c, to €7.35.

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