Paddy Power jumps ahead of BoI in shares stakes

The country is crisis yet one of the few businesses to be unaffected is Irish bookmaker Paddy Power as its shares steadily increase.

In fact, Paddy Power has overtaken Bank of Ireland as the eight largest company in the nation. Obviously the clever people in Paddy Power know how to gamble better than the bankers.

Paddy Power shares have been hurtling through the field since last summer and all the signs of continued progression remain positive as last week they announced 500 new jobs in Ireland over the next three years, as it expands its online gambling business.

BoI has seen is its share plummet, they’ve lost more than 40 per cent of their value this week alone. The government is now set to take a majority stake, after the country had to be bailed out by the European Union and International Monetary Fund.