S&P cuts rating of Eircom parent firmsRATING AGENCY Standard & Poors (S&P) has downgraded the parent companies behind Eircom, arguing that their high debt …Tue May 12 2009 - 01:00
AIB goes from bad to worse, but worst may be yet to comeANALYSIS: A WRENCHING deterioration in AIB’s business is laid bare in a new update from the bank’s management, one of the final…Tue May 12 2009 - 01:00
AIB says it faces €4.3bn charge over bad debtsALLIED IRISH Banks has warned that acute pressure on borrowers will lead it to take a €4Tue May 12 2009 - 01:00
Smurfit sees 67% fall in first-quarter profitsPACKAGING FIRM Smurfit Kappa has cancelled its full-year forecast after a 67 per cent drop in pretax profit in the opening three…Sat May 09 2009 - 01:00
Bondholders in IN&M set to hire adviserBONDHOLDERS IN Independent News & Media (IN&M) are working towards a common stance in their dialogue with the firm over…Sat May 09 2009 - 01:00
Anglo in talks on getting waiver from rulesTHE GOVERNMENT and the Financial Regulator are exploring with Anglo Irish Bank the possibility of granting the nationalised institution…Fri May 08 2009 - 01:00
Write-off on intellectual property profitMULTINATIONALS: THE IRISH units of US and other multinationals will be able to write off the cost of acquiring intellectual …Fri May 08 2009 - 01:00
Investors want say on pay of Irish firms' top executivesFIVE LARGE companies listed on the Irish Stock Exchange (ISE) are coming under pressure to justify to shareholders the salaries…Thu May 07 2009 - 01:00
Reforms a threat to investment in IrelandANALYSIS: The president plans not only to increase US tax take but to encourage domestic job creationWed May 06 2009 - 01:00
O'Reilly says IN&M is no longer looking for buyer for Australian unitGAVIN O’REILLY, the incoming chief of Independent News & Media (IN&M), has said the company is no longer trying to sell…Wed May 06 2009 - 01:00
Government pressure on AIB to pick outsider to head bankALLIED IRISH Banks (AIB) is facing pressure from the Government to recruit an external successor to departing chief executive…Sat May 02 2009 - 01:00
IN&M seeks 'standstill agreement' from holders of €200m bondINDEPENDENT NEWS & Media (IN&M) is seeking a “standstill agreement” from the holders of a €200 million bond due this …Fri May 01 2009 - 01:00
Coillte likely to cut jobs after warning of fall in profits this yearSTATE-OWNED forestry company Coillte is likely to cut jobs from its workforce of 1,200 after warning the Government that it will…Thu Apr 30 2009 - 01:00
Banks still making loans harder to get despite public promise - Central BankA NEW Central Bank survey shows that Irish banks continued to tighten their lending standards in the opening months of the year…Thu Apr 30 2009 - 01:00
Top AIB bankers brace for reorganisation of core retail sectorSENIOR BANKERS in AIB are bracing themselves for a reorganisation of its core retail operation after the arrival next week of…Sat Apr 25 2009 - 01:00
Eircom seeks advice to break from private equity ownershipEIRCOM IS hiring corporate finance advisers to develop a plan to take the heavily-indebted business out of private equity ownership…Sat Apr 25 2009 - 01:00
The complete packageTHE FRIDAY INTERVIEW/Michael Smurfit: TWO YEARS into his retirement, Michael Smurfit watches the rampant disruption in the business…Fri Apr 24 2009 - 01:00
Blarney Woollen Mills upbeat despite audit concernsTHE BLARNEY Woollen Mills group, owner of some of the best-known indigenous brands in Irish retailing, has insisted its business…Fri Apr 24 2009 - 01:00
Topfer threatens to withdraw BCM bidAUSTRALIAN FINANCIER Rob Topfer has threatened to withdraw his unsolicited approach for Eircom parent Babcock Brown Capital (…Fri Apr 24 2009 - 01:00
Fresh State capital likely to be required for AngloINTERIM RESULTS from the nationalised Anglo Irish Bank are expected to show a requirement for significant new capital from the…Thu Apr 23 2009 - 01:00
Babcock rejects Eircom offerEIRCOM OWNER Babcock & Brown Capital (BCM) has brushed off an unsolicited takeover approach for the telco from its former…Wed Apr 22 2009 - 01:00
Independent under pressure to strike deal on €200m loanINDEPENDENT NEWS Media (INM) is racing to strike a difficult deal with bondholders on the refinancing of a €200 million note …Wed Apr 22 2009 - 01:00
IN&M postpones publishing results for second timeINDEPENDENT NEWS & Media (IN&M) has postponed for a second time in two months the publication of its annual results for…Tue Apr 21 2009 - 01:00
More pressure for Eircom as Moody's talks of downgradeALREADY BATTLING an unwelcome takeover approach from its former management, Eircom came under further pressure yesterday when…Tue Apr 21 2009 - 01:00
Xilinx paid parent dividend of €1.36bn over decadeTHE MAIN Irish unit of US semiconductor company Xilinx, which is making more than a quarter of its 400 staff in Dublin redundant…Sat Apr 18 2009 - 01:00
BoI exposed in US $29.5bn bankruptcyBANK OF Ireland’s American unit has emerged as a lender to insolvent shopping mall owner General Growth Properties (GGP), which…Fri Apr 17 2009 - 01:00
Upbeat Quinn expects to fly in face of recessionINSURANCE MAGNATE Seán Quinn has forecast that the sharpening economic contraction will scarcely dent the profitability of his…Wed Apr 15 2009 - 01:00
Bank officials seek role in Nama debateTHE IRISH Bank Officials’ Association (IBOA) wants a place at the table as the Government negotiates the parameters of the National…Fri Apr 10 2009 - 01:00
Government set to take majority share in banks Loans of up to €90bn moved into new body+ASSET AGENCY: MINISTER FOR Finance Brian Lenihan has opened the door for the Government to take majority shareholdings in Ireland…Thu Apr 09 2009 - 01:00
Former Eircom director initiates legal actionTHE LAST of the top-level executives drafted into Eircom after its acquisition by Sydney-based investment bank Babcock Brown …Thu Apr 09 2009 - 01:00
Central Bank faces uphill task to restore credibilityANALYSIS : Restoring the Central Bank’s primacy in bank oversight acknowledges past failuresThu Apr 09 2009 - 01:00
Share price crash hits executive pay at Smurfit KappaTHE THREE executive directors at packaging company Smurfit Kappa saw their bonuses curtailed but not eliminated last year as …Wed Apr 08 2009 - 01:00
Minister to provide fund of €100m to help exportersBUSINESS SUPPORTS: MINISTER FOR Finance Brian Lenihan will provide a total of €100 million in a new “enterprise stabilisation…Wed Apr 08 2009 - 01:00
Irish-German bond differential steadyCAPITAL MARKETS: THE DIFFERENCE between yields on Irish Government bonds and German bonds held steady as Minister for Finance…Wed Apr 08 2009 - 01:00
Major challenges facing the new Aer Lingus chief executiveANALYSIS: Another chief exits the flight deck at Aer Lingus, as the airline continues its freefallTue Apr 07 2009 - 01:00
Aer Lingus may be without CEO for up to six monthsAER LINGUS could be without a permanent successor to departing chief executive Dermot Mannion for as long as six months as the…Tue Apr 07 2009 - 01:00
Yet another Irish titan brought to heelANALYSIS: One of the biggest players in the development world is now considering filing for bankruptcy, writes ARTHUR BEESLEY…Tue Mar 17 2009 - 00:00
Broadcasting regulator likely to review O'Brien licencesTHE NATIONAL and local radio licences held by Denis O’Brien’s Communicorp group are likely to be reviewed by broacasting regulators…Sat Mar 14 2009 - 00:00
EMPG cancels sale of books unitBARRY O’CALLAGHAN’S heavily-indebted Education Media Publishing Group (EMPG) has cancelled the sale of its consumer books unit…Sat Mar 14 2009 - 00:00
O'Reilly's departure marks the end of an era in Irish commerceANALYSIS: SIR ANTHONY O’Reilly’s exit from the board of Independent News & Media heralds the end of an era in Irish commerce…Sat Mar 14 2009 - 00:00
O'Brien directors join IN&M as O'Reilly exits boardINDEPENDENT NEWS & Media will seek to extend the maturity of a €600 million debt falling due next year following the public…Sat Mar 14 2009 - 00:00
Investment managers keen to clarify role in Anglo debacleIRISH LIFE Investment Managers (ILIM) has moved to distance itself from from the debacle over multi-billion-euro deposits made…Sat Mar 14 2009 - 00:00
O'Reilly and O'Brien pressed to end divisionsSIR ANTHONY O’Reilly and his long-time rival Denis O’Brien are coming under mounting pressure from Independent News Media’s bankers…Fri Mar 13 2009 - 00:00
Senator's family takes 25% stake in private equity firmTHE FAMILY of Senator Feargal Quinn has taken a 25 per cent stake in private equity firm Claret Capital, an investment that sees…Fri Mar 13 2009 - 00:00
Auditors issue disclaimer on Dunne's Jurys firm accountsAUDITORS HAVE issued a disclaimer in their report on the financial statements of a prime company behind Seán Dunne’s €1Thu Mar 12 2009 - 00:00
O'Brien replaces Quinn as top Irish 'Forbes' list billionaireINSURANCE MAGNATE Seán Quinn has lost his top place in the ranks of Irish-born billionaires to Denis O’Brien as rampant volatility…Thu Mar 12 2009 - 00:00
Desmond firm loses €12m since January in Irish banksDERMOT DESMOND’S investment vehicle IIU Nominees is nursing a big loss on a stake it acquired last January in Bank of Ireland…Thu Mar 12 2009 - 00:00
Profits at Fyffes collapse over loss at BlackrockFRUIT IMPORTER Fyffes has reported a collapse in annual pretax profits to €128,000 from €13Wed Mar 11 2009 - 00:00
Smurfit has plantation seized in VenezuelaSMURFIT KAPPA has become embroiled in a sweeping series of asset seizures at the hands of Venezuela’s socialist president Hugo…Sat Mar 07 2009 - 00:00
