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Bank of Ireland share price drops

The Bank of Ireland share price lost 9 per cent of its value in trading yesterday dropping to 710p.

This is despite enjoying growth in pre-tax profits of 10 per cent to £550m in the year ending March 31. Many analysts had been expecting more however, which accounts for the loss on the markets.

Bank of Ireland chief executive Maurice Keane says he plans to move further towards banking over the phone and internet.

The results bring the total dividend paid to shareholders for the year to 23.5p per share.


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