AIB shares slip despite 'solid' start to year

Shares in AIB slipped 1% as the bank said that profits were “solid” in the first three months of the year despite the uncertainties of Brexit.

However, in a trading update, it said it will have exceptional costs this year, reflecting a recent reorganisation at the bank and the conclusion of a tracker mortgage investigation. The bank has put aside €263m to cover the costs of compensation and redress for its part in the industry-wide tracker scandal.