Bank of Ireland risks shares plunge with bid details

BANK OF IRELAND risks pushing its share price lower when it publishes details of its spurned bid to take over Britain's sixth biggest bank, Abbey National, Goodbody Stockbrokers warned yesterday.

Shares in Bank of Ireland continued to fall yesterday after a rally on Friday.

The shares are now down 5% since news of BoI's plans to takeover Abbey National became public, wiping 625 million off the value off the Irish bank.