CRH spends €540m on 48 acquisitionsBUILDING MATERIALS giant, CRH, spent close to €540 million on buying up smaller rivals last year, with the bulk of the activity…Thu Jan 06 2011 - 00:00
IDA-backed multinationals created 1,350 net new jobs last year, agency figures showIDA Ireland-backed multinationals created 1,350 net new jobs last year, according to figures released by the development agency…Wed Jan 05 2011 - 00:00
Irish consultancy DPS buys US project manager BiometricsPROJECT MANAGEMENT and consultancy firm DPS Engineering is expanding into the US with the purchase of Biometrics, a Massachusetts…Tue Jan 04 2011 - 00:00
Over 1,500 firms go out of business over debtsAN AVERAGE of 30 companies went to the wall and an estimated 1,075 jobs were lost every week during 2010, according to figures…Tue Jan 04 2011 - 00:00
NY developers suing AngloTwo New York developers are suing State-owned Anglo Irish Bank for $1 billion (€750 million) in a dispute over funding for three…Sat Jan 01 2011 - 00:00
Iseq makes ground in light tradingThe Irish stock market made some ground in a half-day session that finished at lunchtime and during which trading was particularly…Fri Dec 31 2010 - 00:00
State bodies to create 30,000 jobs - MinisterSTATE AGENCIES such as IDA Ireland will create almost 30,000 new jobs next year, Minister for Enterprise, Trade and Innovation…Mon Dec 27 2010 - 00:00
21% changed electricity suppliers in 2009INCREASED COMPETITION led one in five Irish electricity customers to switch supplier during 2009, higher than anywhere else in…Mon Dec 27 2010 - 00:00
Paddy Power set to secure 100% stake in SportsbetLISTED BOOKMAKER Paddy Power is set to buy out the remaining 39 per cent stake in its Australian subsidiary for €100 million…Fri Dec 24 2010 - 00:00
Carroll firm under receivership pays €1.4m to creditorsONE OF the businesses in Liam Carroll’s collapsed property development empire paid €1Fri Dec 24 2010 - 00:00
Ratings agency says Ardagh loan for takeover is 'high risk'CREDIT RATINGS agency Moody’s yesterday classed the €1Thu Dec 23 2010 - 00:00
Law reform could lead to 'resort' casinoPROPOSALS TO modernise the Republic’s gambling legislation, published by Minister for Justice Dermot Ahern, could pave the way…Thu Dec 23 2010 - 00:00
Mayor of London gives green light to €6.5bn Battersea Power Station planLONDON’S MAYOR Boris Johnson has given the green light to Irish developer Real Estate Opportunities’ (REO) proposed redevelopment…Thu Dec 23 2010 - 00:00
ESB deal for North's networks completedTHE ESB owns Northern Ireland’s electricity networks after formally completing an agreed deal to buy the business from its owner…Wed Dec 22 2010 - 00:00
High Court to rule on €48m McInerney rescue in JanuaryTHE HIGH Court will rule on the €48 million rescue proposal for house-builder McInerney on January 10th after the latest stage…Wed Dec 22 2010 - 00:00
ECB wants changes to Bill tackling banking crisisTHE EUROPEAN Central Bank (ECB) wants the Government to change legislation that gives the Minister for Finance broad powers to…Tue Dec 21 2010 - 00:00
Court told banks' plan unlikely to beat €25mTHREE BANKS seeking to have house builder McInerney placed in receivership would be unlikely to get a better deal than the €25…Tue Dec 21 2010 - 00:00
Betting tax on online operators may make them move offshorePROPOSALS TO apply betting tax to online operators could force bookmakers to move offshore and cost jobs if they are not applied…Mon Dec 20 2010 - 00:00
AIB facing 100 new claims in courts over staff bonusesAIB IS facing at least 100 new claims in the courts after staff from its capital markets division began legal action for the …Sat Dec 18 2010 - 00:00
New group plans to claim for AIB bonusesA SECOND group of AIB workers was yesterday planning to file claims for bonus payments ranging from €3,000 to €38,000 with the…Fri Dec 17 2010 - 00:00
Joint venture to spend €180m on US wind farmA JOINT venture involving Airtricity founder Eddie O’Connor’s Mainstream Renewable Energy plans to spend €180 million building…Fri Dec 17 2010 - 00:00
New report boosts argument for keeping ESB intactA NEW report paves the way for the Government to do a U-turn on its policy to break up the State’s biggest energy company, the…Wed Dec 15 2010 - 00:00
Breaking up is hard to do for Government and power giantANALYSIS: SPLITTING THE ESB into power plants on the one hand and the national grid on the other was never going to be an easy…Wed Dec 15 2010 - 00:00
Payments could not be tolerated in light of €13.5bn bill for taxpayerBACKGROUND: Following a challenge to a deferred bonus by a capital markets trader, it emerged that AIB was paying €40m in bonuses…Tue Dec 14 2010 - 00:00
Sisk wins €600m rail tunnel dealIRISH CONSTRUCTION group Sisk and a Spanish partner, Dragados, have won a €600 million deal to build part of a new rail tunnel…Tue Dec 14 2010 - 00:00
Profits at Abbey grow 60% in half year to end of OctoberPROFITS AT the house builder Abbey grew by 60 per cent to €5Fri Dec 10 2010 - 00:00
NTR project delays lead to posting of €210m lossNTR’S DECISION to hold off on two large solar energy projects in the US contributed to a write-down that led to the utility posting…Thu Dec 09 2010 - 00:00
Citi group to create over 200 jobs in expansion of Irish operationsUS BANK Citi plans to create more than 200 jobs in an expansion that will increase the number of people it employs in the Republic…Thu Dec 09 2010 - 00:00
State firms to invest €8bn in energy projectsCAPITAL PROGRAMME: MINISTER for Finance Brian Lenihan said the Government is committed to continuing to spend money on infrastructure…Wed Dec 08 2010 - 00:00
Existing State bosses unlikely to have cap on their salariesSTATE EXECUTIVES: EXISTING STATE company and agency executives are unlikely to have their salaries capped at €250,000, but Minister…Wed Dec 08 2010 - 00:00
San Leon Energy to raise €70m in share offeringLISTED OIL and gas explorer San Leon Energy intends to raise €70 million through a share placing to fund drilling and repay part…Wed Dec 08 2010 - 00:00
PM Group aims to expand into ChinaENGINEERING AND architecture business PM Group, which was project manager on the Lansdowne Road stadium makeover, is looking …Tue Dec 07 2010 - 00:00
Consumers may face higher energy costsTHERE WERE growing signs yesterday that Irish businesses and consumers are facing increased energy costs.Tue Dec 07 2010 - 00:00
Registrar warns Shelbourne firmTHE STATE’S companies registrar is threatening the firm that owns Dublin’s Shelbourne Hotel with being struck off.Tue Dec 07 2010 - 00:00
Arbitrator rules Irish Life must proceed with €170m office dealIRISH LIFE has to go ahead with a three-year-old €170 million property deal in Luxembourg that it believed it was no longer obliged…Fri Dec 03 2010 - 00:00
Anglo appoints receiver to Pierse and Kelly projectSTATE-OWNED Anglo Irish Bank has appointed a receiver to Carrickmines Manor, a high-profile residential and commercial development…Fri Dec 03 2010 - 00:00
Energia expands wind-farm operationENERGY COMPANY Energia is raising €48 million from a group of banks to help finance the expansion of its wind-energy operations…Fri Dec 03 2010 - 00:00
Decision by end of next year on ESB saleSTATE ASSETS: THE GOVERNMENT will have to decide within a year whether to sell the ESB and An Bord Gáis to shore up the State…Thu Dec 02 2010 - 00:00
State barred from default on Anglo loansTECHNICAL MEMORANDUM: THE REPUBLIC’S €85 million deal with the International Monetary Fund (IMF) and European Union explicitly…Thu Dec 02 2010 - 00:00
IL&P gains as financials endure mixed fortunesIseq: 2,646.00 (-9.30) Settlement date: December 3rdWed Dec 01 2010 - 00:00
Growth creates €440,000 half-year Worldspreads lossTHE COST of expanding its business left quoted financial spread-betting company Worldspreads with a €440,000 loss for the first…Wed Dec 01 2010 - 00:00
CRH plans to borrow $650m in bond saleIRISH BUILDING materials giant CRH intends to borrow at least $650 million (€500 million) from US institutions in a bond sale…Wed Dec 01 2010 - 00:00
Gaelectric gets go-ahead for €26m wind farm in TyroneGREEN ENERGY developer Gaelectric has been the given the go- ahead for a €26 million wind farm in Co Tyrone, its second such …Wed Dec 01 2010 - 00:00
Iseq falls on 'volatile day'A volatile day, partly due to a reweighting of the Morgan Stanley Capital International (MSCI) index, left the Irish market trailing…Tue Nov 30 2010 - 00:00
Banks appoint receivers to insolvent PierseTWO BANKS have appointed receivers to insolvent building company, Pierse Contracting, to protect their secured debts.Mon Nov 29 2010 - 00:00
State could pay interest rate of 6.3%PRESS CONFERENCE: THE STATE could pay up to 6Mon Nov 29 2010 - 00:00
€1m IT deal 'great start for Unity business'UNITY TECHNOLOGY Solutions, the company that emerged from the Calyx receivership in September, has done a €1 million deal with…Mon Nov 29 2010 - 00:00
Building halts as firm awaits approval from NamaWORK HALTED yesterday on a number of sites in London operated by McCabe Builders, the company controlled by developer John McCabe…Sat Nov 27 2010 - 00:00
Most McInerney creditors back €48m restructuring planHOUSE BUILDER McInerney is a step closer to a rescue after a majority of its creditors yesterday backed a €48 million restructuring…Sat Nov 27 2010 - 00:00
Pierse lost €31m last year before collapsePIERSE CONTRACTING, the building company placed in liquidation by the High Court earlier this month, lost €31 million last year…Fri Nov 26 2010 - 00:00
