Anglo Irish directors benefit

Two Anglo Irish Bank directors have made substantial gains after buying shares at option prices and then selling them into the market.

Mr Tiernan O'Mahoney has made a profit of over £30,000 after buying shares at an option price and then selling them into the market.

Mr O'Mahoney bought 60,000 shares at the option price of just over 31p and then sold them at 87p each.

In a similar transaction, Mr Ronan Murphy made a profit of almost £34,000 after buying and selling 34,000 at the same prices.

In another transaction, Anglo Irish director, Mr Maurice Curran, spent almost £48,000 buying 55,000 shares at the market price of 87p.