Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     

  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     

  • Bitcoin GBP

    51,072.84
    -556.46 (-1.08%)
     

  • CMC Crypto 200

    1,327.68
    -68.85 (-4.93%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Ireland holding open possibility of Allied Irish Banks IPO in 2017

Reuters - UK Focus

DUBLIN, Nov 10 (Reuters) - Ireland (Other OTC: IRLD - news) will hold open the possibility of selling a 25 percent stake in state-owned Allied Irish Banks next year with any sale depending on market conditions, Finance Minister Michael Noonan said on Thursday.

Earlier this year Dublin pushed back the likely timetable for partially cashing out its 21 billion euro investment in the 99 percent state-owned bank to 2017 but Noonan cast doubt last month on whether that would be achievable.

"On AIB, I'm asking them to continue the preparatory work. There'll be no IPO in 2016, but I'm holding open the possibility of an IPO sometime in 2017 but that will depend on the advice I receive and on market condition," Noonan told parliament. (Reporting by Padraic Halpin, editing by David Evans)