Merger of First Active and Ulster Bank will cost over 400 jobsIN EXCESS of 400 banking jobs will be eliminated in a merger of former building society First Active with sister lender Ulster…Mon Jan 26 2009 - 00:00
INM mulls asset saleSIR ANTHONY O’Reilly’s Independent News Media (INM) is mulling the possibility of asset disposals after concluding that it is…Sat Jan 24 2009 - 00:00
Capitalisation of banks would help settle market fearsBRINGING FORWARD the €6 billion recapitalisation of AIB and Bank of Ireland would be an attempt to provide a level of certainty…Fri Jan 23 2009 - 00:00
State now set to accelerate AIB and BoI recapitalisationTHE GOVERNMENT is preparing to bring forward the recapitalisation of Allied Irish Banks (AIB) and Bank of Ireland in a concerted…Fri Jan 23 2009 - 00:00
Burton claims Seán Quinn tried to buy 25% of AngloLABOUR TD Joan Burton has claimed businessman Seán Quinn tried to buy 25 per cent of Anglo Irish Bank via contracts for difference…Thu Jan 22 2009 - 00:00
Bank plan should run its course, says HurleyCENTRAL BANK governor John Hurley has said the State recapitalisation plan for Allied Irish Banks (AIB) and Bank of Ireland should…Thu Jan 22 2009 - 00:00
State to proceed with plan to recapitalise AIB and BoITHE GOVERNMENT has reiterated its determination to proceed with the recapitalisation of Allied Irish Banks (AIB) and Bank of …Tue Jan 20 2009 - 00:00
Cabinet feared bank could soon become insolventGOVERNMENT DECISION: THE GOVERNMENT decided to nationalise Anglo Irish Bank because it had serious concern that the controversy…Sat Jan 17 2009 - 00:00
No end in sight as State will be on the hook to an enormous extentANALYSIS: THE NATIONALISATION of Anglo Irish Bank marks a sharp change of course for the Government, only 25 days after it made…Sat Jan 17 2009 - 00:00
Somers silent on scale of banking schemeNATIONAL TREASURY Management Agency (NTMA) chief Michael Somers has declined to offer a view on whether the Government bank recapitalisation…Fri Jan 02 2009 - 00:00
Monthly mortgage lending rise drops to 22-year lowTHE RISE in new mortgage lending dropped to its lowest level for 22 years in November as the housing market bore the brunt of…Fri Jan 02 2009 - 00:00
NTMA warns on difficulty of selling bondsTHE NATIONAL Treasury Management Agency (NTMA) has warned of difficult trading conditions in global bond markets in advance of…Fri Jan 02 2009 - 00:00
Claims for examiner protection double in last six monthsTHE NUMBER of companies seeking High Court protection from their creditors doubled in the second half of 2008 even after a sharp…Fri Jan 02 2009 - 00:00
Examiner named for firm managing €1bn projectsTHE HIGH Court has appointed an interim examiner to First Equity Group, an asset management firm with projects worth €1 billion…Wed Dec 24 2008 - 00:00
Big two banks insist executives will stay despite dealAIB AND Bank of Ireland have rejected any suggestion they should remove their respective chief executives, Eugene Sheehy and …Tue Dec 23 2008 - 00:00
Irish Nationwide denies impropriety in repeated loans to FitzPatrickCONTROVERSIAL LOANS: IRISH NATIONWIDE Building Society (INBS) last night denied any impropriety in the loans for €87 million…Sat Dec 20 2008 - 00:00
Forbearance from lenders keeping Waterford afloatBELEAGUERED luxury goods firm Waterford Wedgwood, which is relying on week-to-week forbearance from lenders to stay afloat, has…Sat Dec 20 2008 - 00:00
Public statements at odds with reality at AngloTHE DEPARTURE of Anglo Irish Bank chairman Seán FitzPatrick and its chief executive David Drumm mark a drastic erosion in the…Sat Dec 20 2008 - 00:00
Rethink urgedon pay premium for public sectorTHE PAY premium enjoyed by public sector workers should - as a matter of urgency - be put on the agenda for discussion between…Fri Dec 19 2008 - 00:00
7,500 jobs at risk in buildingA RADICAL drop in office construction in Dublin in the next two years will lead to the loss of some 7,500 construction jobs and…Fri Dec 19 2008 - 00:00
ESRI says recession could persist past 2009SEVERAL TENS of thousands of workers will lose their jobs next year as the severity of the recession intensifies and rising unemployment…Fri Dec 19 2008 - 00:00
Adviser accused of pyramid schemeDUBLIN-BASED investment adviser Breifne O'Brien (47) is facing searching questions about his stewardship of funds he managed …Wed Dec 17 2008 - 00:00
Questions remain as endgame beginsRECAPITALISATION OF THE BANKS - BACKGROUND: THE GOVERNMENT commitment to participate in a €10 billion fund to recapitalise the…Mon Dec 15 2008 - 00:00
'Lax scrutiny' putting credit unions at riskFINANCIAL SERVICES Ombudsman Joe Meade has expressed concern to the Financial Regulator that credit unions and their members …Mon Dec 15 2008 - 00:00
Government to underpin banks with €10bn planTHE GOVERNMENT will this week seek to get agreement on a €10 billion recapitalisation of the banking system with the help of …Mon Dec 15 2008 - 00:00
How the financial crash helped FTITHE GREAT crash of 2008 has been good to Jack Dunn, chief executive of US “event-driven” advisory firm FTI Consulting.Sat Dec 13 2008 - 00:00
Waterford granted reprieve by lenders as investment discussions continueWATERFORD WEDGWOOD’S lenders have granted a reprieve to the beleaguered luxury goods firm, extending for another week their forbearance…Sat Dec 13 2008 - 00:00
'No prospect' of insurers covering product recallCOMPENSATION CLAIMS: THERE IS no prospect that insurance companies engaged by pigmeat producers will compensate them for the…Wed Dec 10 2008 - 00:00
Battle to maintain confidence in Irish beef produce abroadDAMAGE LIMITATION: THE DISCOVERY of potentially dangerous contaminants in a very small section of the national cattle herd presents…Wed Dec 10 2008 - 00:00
Lenihan resisting demands to extend bank guaranteeBANK DEMANDS for an extension to the two-year State guarantee scheme are being resisted by the Government amid a marked slowdown…Tue Dec 09 2008 - 00:00
O'Reilly likely to see his stake in Waterford halvedTHE 60 per cent stake in Waterford Wedgwood jointly held by Sir Anthony O'Reilly and his brother-in-law Peter Goulandris is likely…Sat Dec 06 2008 - 00:00
Waterford sees its pretax loss widen to €63.2mTROUBLED LUXURY goods firm Waterford Wedgwood, battling to recruit new investors after conceding failure last month in a €74.…Fri Dec 05 2008 - 00:00
Private equity rivals exploring joint approachMEMBERS OF the Mallabraca private equity consortium, which is mulling a recapitalisation deal with Bank of Ireland, have explored…Thu Dec 04 2008 - 00:00
Firm in court over waste dealsTHREE MEN have appeared before a Co Mayo court on charges arising from a Competition Authority investigation into the domestic…Thu Dec 04 2008 - 00:00
Waterford Wedgwood debt crisis worsensWATERFORD WEDGWOOD faces mounting pressure to recruit new investors after the firm's lenders suspended until Friday a test of…Tue Dec 02 2008 - 00:00
Government signals it is willing to recapitalise banksTHE GOVERNMENT has publicly signalled for the first time that it is willing to participate in a recapitalisation of the banking…Sat Nov 29 2008 - 00:00
Fund managers look abroad for bank supportIRISH FUND managers are campaigning in the international markets to drum up support for their plan to recapitalise the domestic…Fri Nov 28 2008 - 00:00
US publisher stops taking new booksUS PUBLISHER Houghton Mifflin Harcourt, a unit of Barry O'Callaghan's heavily-indebted Education Media and Publishing empire, …Thu Nov 27 2008 - 00:00
IN&M sees options narrow on sale of APNTHE OPTIONS for Independent News & Media's (IN&M) proposed sale of its 39Thu Nov 27 2008 - 00:00
New plan to recapitalise Irish banks offered to LenihanTHE INVESTMENT subsidiaries of AIB, Irish Life Permanent and Bank of Ireland and a number of other Irish and international institutions…Thu Nov 27 2008 - 00:00
Meteor rise set to slow as recession hits homeEIRCOM CHIEF Rex Comb has signalled that the rapid expansion of its mobile arm Meteor is likely to lose pace in the coming months…Thu Nov 27 2008 - 00:00
Zara parent takes €4.6m dividendSPANISH FASHION giant Inditex took dividends totalling €4Wed Nov 26 2008 - 00:00
Bank gives Quinlan co-investor more timeBARCLAYS BANK has granted additional time to Derek Quinlan's co-investor in Citigroup's 42-storey tower block at Canary Wharf…Wed Nov 26 2008 - 00:00
CGT to be charged on sale of buildingsPHARMACEUTICAL SOCIETY: THE GOVERNMENT is changing the legislation that set up the new Pharmaceutical Society of Ireland to …Fri Nov 21 2008 - 00:00
Owners of property abroad to face scrutiny under Bill measureREVENUE CLAMPDOWN: THE OWNERS of property abroad are facing fresh Revenue scrutiny on whether any Irish tax is due on such assets…Fri Nov 21 2008 - 00:00
Waterford Wedgwood gives up on bid to raise €74.1mTROUBLED LUXURY goods firm Waterford Wedgwood has conceded failure in its effort to raise the additional €74Tue Nov 18 2008 - 00:00
Kingspan warns operating profit will drop one-third this yearBUILDING MATERIALS and insulation company Kingspan has warned its operating profit will drop by one-third this year as a result…Tue Nov 18 2008 - 00:00
Aldi to open 35 new stores as part of €350m expansion planDISCOUNT SUPERMARKET chain Aldi is on track to make sales of €500 million this year, 20 per cent more than in 2007.Thu Nov 13 2008 - 00:00
Aer Lingus says it faces losses of €20m this yearAER LINGUS has told the market that it will continue to incur losses next year after stating that its operating loss in the current…Wed Nov 12 2008 - 00:00
