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08/10/2002
Abbey National rejects BoI takeover approach
The Abbey National has rejected a planned takeover approach from the Bank of Ireland.
In a statement to the London Stock Exchange, Abbey said its board members had unanimously concluded that the proposal was not in the best interests of its shareholders.
The statement from the company came a day after Bank of Ireland confirmed they were in talks with the UK bank over a possible merger.
If an agreement had have been reached the merge would have created Europe's 12th largest bank with a market value of around £15bn.
While Abbey National have rejected the approach of the Bank of Ireland it is unlikely to be the last approach for a company which has been struggling to restore investor confidence after suffering a series of embarrassing setbacks earlier this year.
The company's shares have also fallen dramatically in the last year, making it a ripe target for a takeover.
(MB)
In a statement to the London Stock Exchange, Abbey said its board members had unanimously concluded that the proposal was not in the best interests of its shareholders.
The statement from the company came a day after Bank of Ireland confirmed they were in talks with the UK bank over a possible merger.
If an agreement had have been reached the merge would have created Europe's 12th largest bank with a market value of around £15bn.
While Abbey National have rejected the approach of the Bank of Ireland it is unlikely to be the last approach for a company which has been struggling to restore investor confidence after suffering a series of embarrassing setbacks earlier this year.
The company's shares have also fallen dramatically in the last year, making it a ripe target for a takeover.
(MB)
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03 January 2007
Bank robbery charges dropped
The County Down man accused of the £26 million Northern Bank robbery in 2004, has had the charges against him dropped. Dominic McEvoy, 23, a builder from Mullandra Park in Kilcoo, was not present in Belfast Magistrates Court during the hearing.
Bank robbery charges dropped
The County Down man accused of the £26 million Northern Bank robbery in 2004, has had the charges against him dropped. Dominic McEvoy, 23, a builder from Mullandra Park in Kilcoo, was not present in Belfast Magistrates Court during the hearing.
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Northern Ireland WeatherToday:It will be cloudy again throughout the day. Mainly dry in the morning, but patchy drizzle in places, becoming more widespread and persistent in the afternoon. Freshening southwesterly winds. Maximum temperature 12 °C.Tonight:Cloudy with a spell of heavy rain pushing south through late evening and the early hours, followed by some clear spells. Minimum temperature 6 °C.
