IL&P shares plunge amid Govt takeover speculation

Shares in Irish Life and Permanent plunged today amid speculation that the Government may be forced to take a large stake in the lender as a result of the severity of this week's bank stress tests.

Tue, 29 Mar, 2011 - 19:00

Shares in Irish Life and Permanent plunged today amid speculation that the Government may be forced to take a large stake in the lender as a result of the severity of this week's bank stress tests.

Shares in the bank fell as much as 50% on the Irish market today.

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