Sunday August 9, 2020

BoI investors unhappy as Goggin backtracks on earlier rosy forecast

Seven weeks after announcing that future trading was going full steam ahead, Bank of Ireland chief executive Brian Goggin has changed his tune.

17th November, 2007

Seven weeks after announcing that future trading was going full steam ahead, Bank of Ireland chief executive Brian Goggin has changed his tune.

Brian Goggin needs a new crystal ball. The Bank of Ireland chief executive learned the hard way last week that investors are not fond of rosy forecasts that can be shattered in a matter of weeks.

The lesson was harsh. The bank’s share price tumbled 7 per cent to levels not seen...

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