BoI set to announce British strategy

BANK OF IRELAND is expected to announce a major new strategy for its British operations, Dolmen Stockbrokers said yesterday, speculating that the move should be well received by the markets.

Dolmen analyst Stuart Draper in a note to clients yesterday said Bank of Ireland (BOI) is likely to announce a new strategy for its UK operations in the last week of September.

“As a result of perceived deal risk concerning this part of the group’s strategy, any concrete plans announced for this division could be particularly well received by the market,” he said.