Garret FitzGerald leaves hedge fund boardFORMER TAOISEACH Dr Garret FitzGerald is retiring from the board of a hedge fund whose investments included a Russian lingerie…Fri Feb 20 2009 - 00:00
Anglo seeking to repossess $90m property from New York 'condo king'STATE-OWNED Anglo Irish Bank is seeking to repossess a $90 million (€71Thu Feb 19 2009 - 00:00
Regulator warned Anglo on €300m planTHE FINANCIAL Regulator warned Anglo Irish Bank that it could not approve transactions which included a scheme to loan €300 million…Thu Feb 19 2009 - 00:00
Domestic market electrified as Airtricity also takes on ESBWIND ENERGY group Airtricity confirmed yesterday that it is offering householders electricity, making it the second rival to …Thu Feb 19 2009 - 00:00
Bord Gáis to take on ESB with 'dual fuel' supply schemeBORD GÁIS will go head to head with the ESB from today and compete to supply electricity to domestic customers.Wed Feb 18 2009 - 00:00
United Drug warns on profitsWEAK STERLING, falling cosmetics sales and a reduced hospital spend will hit first-half profits at medicines distributor United…Wed Feb 18 2009 - 00:00
Gas price cut of up to 25% may save €226 per homeDOMESTIC GAS prices could fall by up to one quarter over the course of the year, cutting over €200 off the average annual bill…Wed Feb 18 2009 - 00:00
Companies in Europe and US cut costs differentlyLEADING US and European companies are applying the knife differently when it comes to cutting costs, a new report shows.Mon Feb 16 2009 - 00:00
Regulator investigates €300m loans by Anglo to buy its sharesTHE FINANCIAL Regulator has confirmed it is investigating €300 million in loans given by Anglo Irish Bank to 10 business people…Mon Feb 16 2009 - 00:00
Building industry set to shrink in 2010THE VALUE of the Republic’s building industry could shrink to just €14 billion by next year, just over one-third of its 2007 …Mon Feb 16 2009 - 00:00
Officials in talks with Ictu on plan to protect pensionsSENIOR OFFICIALS from the Taoiseach’s office, trade union Unite and the Irish Congress of Trade Unions (Ictu) are discussing …Mon Feb 16 2009 - 00:00
Underground cables 'would cost €500m more'USING UNDERGROUND cables for a proposed high-power electricity link between Meath and Tyrone will cost €500 million more than…Fri Feb 13 2009 - 00:00
Redundant staff may get €10m in sale of WaterfordAGREEMENT ON a €10 million payment to redundant workers, Government aid and a solution to the group’s €111 million pension shortfall…Fri Feb 13 2009 - 00:00
Banks reiterate pledge to boost creditCOMMERCIAL LENDING: BUILDERS, SMALL business and multinationals look set to benefit from the increase in commercial credit that…Thu Feb 12 2009 - 00:00
Concerns for jobs in three other institutionsWORKERS IN the banks not covered by last night’s recapitalisation deal fear their jobs could be at risk without clear Government…Thu Feb 12 2009 - 00:00
Early gains lost as market likely to open lower todayMARKET REPORT: DEALERS EXPECT Irish shares to open lower again today after a late drift on the Dublin market yesterday eliminated…Wed Feb 11 2009 - 00:00
Stocks slip after early gainsStocks drifted and lost early gains on the Irish Stock Exchange today as US markets slipped following treasury secretary Timothy…Tue Feb 10 2009 - 00:00
KPS is favourite to buy Waterford WedgwoodUS INVESTMENT fund KPS Capital has emerged as the front runner in the race to buy luxury goods group Waterford Wedgwood out of…Tue Feb 10 2009 - 00:00
McCreevy warns against dangers of protectionismFORCING recapitalised banks to lend money to domestic businesses at the expense of foreign competitors will spark a wave of protectionism…Tue Feb 10 2009 - 00:00
William Hill to close 14 betting shops in RepublicBOOKMAKER WILLIAM Hill plans to close 14 shops in the Republic next month with the loss of 53 jobsTue Feb 10 2009 - 00:00
Five-way talks raise hopes of breakthrough at WaterfordHOPES OF a breakthrough at Waterford Wedgwood were raised yesterday as five-way talks got under way between the group’s receiver…Sat Feb 07 2009 - 00:00
Qualceram Shires in talks over liabilitiesQUOTED BATHROOM fittings manufacturer Qualceram Shires is in talks with its banks and landlord in an attempt to ease the group…Sat Feb 07 2009 - 00:00
Value of Blackrock assets down 36%PROPERTY INVESTMENT vehicle Blackrock International Land said yesterday the value of its assets fell by more than one-third last…Sat Feb 07 2009 - 00:00
'Internet squatter' delays Dunne dealAN “INTERNET squatter” has delayed the settlement of a legal row between developer Seán Dunne and hotelier John Brennan over …Fri Feb 06 2009 - 00:00
Foley dealt with rival Waterford biddersTHE FORMER Waterford Crystal boss who is involved with one of the bids for its troubled parent also dealt with a group that is…Fri Feb 06 2009 - 00:00
Kenmare defers repayment of $11mQUOTED MINING company Kenmare has deferred the repayment of $11 million (€8.5 million) due to its lenders yesterday.Tue Feb 03 2009 - 00:00
Waterford receiver hopes firm can be soldWATERFORD WEDGWOOD receiver David Carson hopes a deal for the sale of the troubled group can be done shortlyTue Feb 03 2009 - 00:00
Waterford Crystal workers stage sit-in over closureOVER 200 Waterford Crystal workers last night pledged to continue a sit-in at the plant in the city after the receiver who has…Sat Jan 31 2009 - 00:00
Waterford receiver still seeking investorsWATERFORD GLASS : WATERFORD Wedgwood’s receiver, David Carson, is continuing with his efforts to sell the business to one of…Sat Jan 31 2009 - 00:00
Ulster Bank likely to stand by its manANALYSIS: Despite the setback, the value in the property lies in what can be done with it in the futureSat Jan 31 2009 - 00:00
Acquisitions at Siteserv boost profits to €13.2mACQUISITIONS BOOSTED revenues and profits at building and utility services group Siteserv in the first six months of its financial…Fri Jan 30 2009 - 00:00
Potential buyer of Waterford meets Unite unionWATERFORD WEDGWOOD union representatives yesterday described talks with the troubled group’s latest potential buyer as positive…Fri Jan 30 2009 - 00:00
Irish banks stage strong recovery to boost IseqDUBLIN REPORT: Iseq: 2,447.77 (+113.81) Settlement date: February 2ndThu Jan 29 2009 - 00:00
Second US equity fund set to bid for Waterford WedgwoodA SECOND US investor is lining up a bid for troubled Waterford Wedgwood and intends meeting trade union and Government representatives…Thu Jan 29 2009 - 00:00
Drinks firm to stop brewing Miller beer in RepublicTHE OWNER of Miller beer plans to stop brewing the lager in the Republic when it ends a contract with the Heineken-owned Beamish…Tue Jan 27 2009 - 00:00
Pharma merger may cause job losses in IrelandTHE $68 billion merger of pharmaceutical and biotechnology giants Pfizer and Wyeth will create a single Irish business spanning…Tue Jan 27 2009 - 00:00
Profits at DIY chain dip 75%PROFITS AT the multinational owner of builders’ merchants and DIY chains, Brooks and Tubs And Tiles, were down 75 per cent in…Tue Jan 27 2009 - 00:00
McInerney in loan deals with banksBRITISH BANKS have agreed to extend the repayment date on loans to Irish house builder McInerney Holdings, the group said yesterday…Sat Jan 24 2009 - 00:00
Company shares used as loan securityCHIEF EXECUTIVES and directors of a number of Irish public companies revealed yesterday that they are using shares in these businesses…Sat Jan 24 2009 - 00:00
Waterford could shed 500 jobs if US fund bid succeedsUP TO 500 jobs at Waterford Wedgwood’s Irish operation could be lost if the US fund that is bidding for the company succeeds …Fri Jan 23 2009 - 00:00
Irish Life Permanent plan to raise €1bn through bond saleHOME LENDER Irish Life Permanent (IlP) is still planning to raise €1 billion through a bond sale as soon as markets stabilise…Thu Jan 22 2009 - 00:00
Ryanair and CRH drive Irish market performanceThe Irish market was poised to outperform its European peers ahead of official closing prices today, but brokers said it was …Thu Jan 22 2009 - 00:00
Share issue allows Tullow to increase credit to $2bnLISTED EXPLORATION and oil company Tullow is to increase its borrowing capacity to $2 billion after successfully raising £400…Thu Jan 22 2009 - 00:00
B of I's Goggin to quit one year earlyBANK OF Ireland chief executive Brian Goggin announced yesterday that he will step down in the summer, a year earlier than originally…Tue Jan 20 2009 - 00:00
Tenure began in another eraOUTGOING BANK of Ireland chief executive Brian Goggin acknowledged yesterday that it had been particularly difficult leading …Tue Jan 20 2009 - 00:00
Examinership may not lead to loans being automatically written downBANKS WILL not automatically have to write down the value of secured loans in cases where their clients have gone into examinership…Mon Jan 19 2009 - 00:00
Union 'cautiously optimistic' of home base for Waterford WedgwoodTRADE UNION representatives are “cautiously optimistic” that the company bidding for Waterford Wedgwood will maintain operations…Mon Jan 19 2009 - 00:00
Anglo's board and auditors criticised at egm Shareholders told FitzPatrick owed bank a total of €129m in 2007MANSION HOUSE EGM: DONAL O’CONNOR, the new chairman of Anglo Irish Bank, told shareholders at an extraordinary general meeting…Sat Jan 17 2009 - 00:00
Gaming firm to cut costs by $13mIRISH-BASED gambling and gaming software developer CryptoLogic expects profits this year to reach between $9 million (€6Fri Jan 16 2009 - 00:00
Government to nationalise Anglo Irish BankThe Government is set to take full ownership of troubled Anglo Irish Bank to safeguard the troubled financial institution’s future…Thu Jan 15 2009 - 00:00
