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Glance-STOCKS NEWS EUROPE-Anglo Irish Bank falls, bad debts disappoint
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09:34GMT 03Dec2008-Anglo Irish Bank (Dublin: CKL1.IR - news) falls, bad debts disappoint
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Shares in Anglo Irish Bank fall 12 percent as a 500 million euros
($634 million) charge against future loan losses drags down its earnings, its
level of loan impairments disappoint investors and says it is talking to
shareholders about raising capital.
'There will be some sort of capital raising that Anglo will do and on that
basis should be dilutive for the stock,' one Dublin-based trader says.
'The outlook for bad debts has deteriorated significantly since the bank
last updated the market in August,' say analysts at brokerage NCB.
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