Power City's 8% sales fall suggests pre-slump problemsELECTRICAL RETAILER Power City has reported that its sales fell more than 8 per cent last year, suggesting its business was coming…Tue Jul 07 2009 - 01:00
Legal principle may 'bullet-proof' NamaTHE GOVERNMENT will rely on the legal principles underpinning the social and affordable housing scheme to shield the National…Sat Jul 04 2009 - 01:00
INM sells a third of its stake in Indian publisher for €22mINDEPENDENT NEWS & Media (INM) has sold off a third of its investment in Indian publisher Jagran Prakashan (JPL), raising…Fri Jul 03 2009 - 01:00
O'Reilly tries to broker compromise on IN&MINDEPENDENT NEWS & Media (IN&M) chief executive Gavin O’Reilly is making fresh efforts to reconcile the competing interests…Wed Jul 01 2009 - 01:00
Ban on display of tobacco products to hit duty free shopsDUTY FREE shops run by the Dublin Airport Authority (DAA) are unable to avail of a special exemption from the new ban on the …Wed Jul 01 2009 - 01:00
€3bn State cash injection for AngloMINISTER FOR Finance Brian Lenihan has dipped into “cash balances” held by the Exchequer in the Central Bank to provide €3 billion…Tue Jun 30 2009 - 01:00
Maurice Pratt paid €2.19m on departureFORMER CC chief executive Maurice Pratt received €2Tue Jun 30 2009 - 01:00
Bondholders to receive 10% of IN&M asset salesBONDHOLDERS IN Independent News & Media (INM) stand to receive 10 per cent of the proceeds from key asset sales under the…Sat Jun 13 2009 - 01:00
Founders in last-ditch effort to save Setanta SportsSETANTA SPORTS founders Leonard Ryan and Michael O’Rourke are working to a weekend deadline in their last-ditch effort to rescue…Thu Jun 11 2009 - 01:00
CIF indicates it will not attempt to block NamaCONSTRUCTION INDUSTRY Federation (CIF) director general Tom Parlon has indicated that his group will not seek to block the establishment…Sat Jun 06 2009 - 01:00
Most BoI directors will seek re-electionMOST OF Bank of Ireland’s non-executive directors are seeking re-election to the State-backed lender’s board at its annual general…Sat Jun 06 2009 - 01:00
Ernst & Young wants to be rehired as Anglo auditorERNST & YOUNG, auditor to Anglo Irish Bank, wants to be rehired by the nationalised lender in a tender for its audit contract…Sat Jun 06 2009 - 01:00
Lenihan defends €4bn new capitalMINISTER FOR Finance Brian Lenihan has said the Government’s provision of €4 billion in new capital to Anglo Irish Bank was required…Sat May 30 2009 - 01:00
Taxpayer bears burden of bank failureANALYSIS: Bred in the boom years, Anglo’s dysfunctionality is set to grind down hard on the publicSat May 30 2009 - 01:00
Healthcare group to move corporate HQ to Dublin from BermudaSHAREHOLDERS IN New York-listed healthcare group Covidien, an offshoot of Tyco International, have approved the transfer of its…Fri May 29 2009 - 01:00
Government and regulator to back Anglo publiclyTHE NATIONALISED Anglo Irish Bank is set to receive public declarations of support from the Government and the Financial Regulator…Fri May 29 2009 - 01:00
Eircom quarterly profit down 27%THE AUSTRALIAN fund that controls Eircom, which is examining a number of approaches for the heavily-indebted telco, has told …Thu May 28 2009 - 01:00
US firm plans move to Dublin as Obama curbs tax havensIRELAND IS emerging as a beneficiary of the clampdown on tax havens by the Obama administration with the decision of New York…Thu May 28 2009 - 01:00
Lenihan not sure if AIB will need funds after NamaBANKS' CAPITAL: MINISTER FOR Finance Brian Lenihan said he has not reached any conclusion on whether Allied Irish Banks (AIB…Wed May 27 2009 - 01:00
Nama TimelineFEBRUARY: Government hires Dr Peter Bacon to examine whether a “bad bank” asset management firm or risk insurance programme …Wed May 27 2009 - 01:00
Nama may apply 10% discount on agreed loan pricesPROPERTY VALUATION: THE NATIONAL Asset Management Agency (Nama) is examining whether it will apply a 10 per cent discount under…Wed May 27 2009 - 01:00
Minister warns developers over Nama liquidationsMINISTER FOR Finance Brian Lenihan has warned developers and other big borrowers for property assets who are in a position of…Wed May 27 2009 - 01:00
Bacon tells of 'unanimous' support for planAGENCY SUPPORT: ECONOMIST Dr Peter Bacon, architect of the Nama bad bank plan, has said the project has the support of the Central…Wed May 27 2009 - 01:00
Anglo chief to meet Government for crucial talksANGLO IRISH Bank chairman Donal O’Connor faces crunch talks with the Government in the coming days over the nationalised bank…Mon May 25 2009 - 01:00
Dáil may be recalled over summer for Nama legislationTDS AND Senators are facing an interruption to their long summer holidays after the Government signalled its willingness to recall…Mon May 25 2009 - 01:00
Deadline arrives for lenders to present loan analysis to NamaPREPARATIONS FOR the National Asset Management Agency (Nama) move a step forward today with the arrival of a deadline by which…Mon May 25 2009 - 01:00
Torrid times mean DCC will now keep its powder dryANALYSIS: DCC HAS determined after a strategic review not to restructure the diversified business built up over decades by company…Wed May 20 2009 - 01:00
DCC warns earnings may fall 10%INDUSTRIAL HOLDING company DCC has warned that the combined forces of “exceptionally difficult” economic conditions and sterling…Wed May 20 2009 - 01:00
Burrows confirms he will leave jobGOVERNOR'S RESIGNATION: BANK OF Ireland governor Richard Burrows confirmed his resignation yesterday, which means 10 of the …Wed May 20 2009 - 01:00
Irish Stock Exchange silent on collapsed listed hedge fundTHE IRISH Stock Exchange (ISE) has declined to say whether it is investigating or has investigated the affairs of a collapsed…Tue May 19 2009 - 01:00
IN&M shares fall as reprieve granted on bondSHARES IN Independent News & Media (IN&M) lost ground in a rising market after the firm won a 40-day reprieve from the…Tue May 19 2009 - 01:00
INM in final discussions on 'standstill' pact over repayment of €200m bondINDEPENDENT NEWS & Media (INM) enters final discussions this morning on the parameters of a “standstill” pact with bondholders…Mon May 18 2009 - 01:00
High-fliers of the Celtic Tiger are brought down to earthFEET BACK on the groundSat May 16 2009 - 01:00
INM on cusp of debt reorganisation pact with bondholdersINDEPENDENT NEWS & Media (INM) is on the cusp of a “standstill” pact with its bondholders, which would give the company breathing…Sat May 16 2009 - 01:00
Profits at AIB Polish arm slip almost 54%THE POLISH arm of Allied Irish Banks (AIB), which is to be sold off as the bank seeks to bolster its capital base, has reported…Fri May 15 2009 - 01:00
AIB shares sink on bad debt alert ahead of agmTHE BOARD of Allied Irish Banks (AIB) stands for re-election before its beleaguered shareholders today amid renewed pressure …Wed May 13 2009 - 01:00
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
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
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
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
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
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
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
