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Central Bank meets lenders to work on voluntary debt-resolution framework

The Central Bank of Ireland met with the country’s main lenders yesterday to begin a process that it hopes will lead to a voluntary…

Wed Mar 06 2013 - 00:00

Central Bank moves on IBRC compensation

The Central Bank intends to dip into a €388 million industry-funded deposit protection account (DPA) to meet the compensation…

Wed Mar 06 2013 - 00:00

Canada Life tells customers Irish Life merger to happen next year

Customers of Canada Life have been told its merger with Irish Life is “likely to happen some time in 2014”

Tue Mar 05 2013 - 00:00

Bank of Ireland shares rise as 2012 results contain no nasty surprises

Shares in Bank of Ireland rose 3

Tue Mar 05 2013 - 00:00
Challenges ahead but Boucher is confident bank on the right road

Challenges ahead but Boucher is confident bank on the right road

Analysis: “A lot done, more to do” might be the best way to sum up Bank of Ireland’s full-year results for 2012, published yesterday…

Tue Mar 05 2013 - 00:00

49 jobs lost as Republic fashion stores to close

Two Irish stores operated by the Republic fashion chain are to close with the loss of 49 jobs.

Fri Mar 01 2013 - 00:00

$1bn bond document gives insight into Digicel

Digicel’s latest bond document, relating to its $1 billion capital raising, contains some interesting nuggets of information …

Fri Mar 01 2013 - 00:00

Ulster Bank books £1bn Irish loss for 2012

Ulster Bank recorded an operating loss in Ireland of just over £1 billion in 2012 as impairments relating to its mortgage book…

Fri Mar 01 2013 - 00:00

Permanent TSB raises €400m in private deal

Permanent TSB has raised an additional €400 million in funding via a private deal with an international bank.

Fri Mar 01 2013 - 00:00
Ryanair likely to ditch acquisition as futile strategy

Ryanair likely to ditch acquisition as futile strategy

Different year, same result for Ryanair in its attempt to take over Aer Lingus.

Thu Feb 28 2013 - 00:00

Digicel increases bond offering to $1bn

Digicel Limited, the company that runs Denis O’Brien’s mobile phone operation in the Caribbean region, has increased the size…

Thu Feb 28 2013 - 00:00

Ryanair shares dip as merger rejected

Shares in Ryanair and Aer Lingus experienced differing fortunes in Dublin yesterday after the European Commission rejected a …

Thu Feb 28 2013 - 00:00

Central Bank to act on problem loans

Ireland’s leading banks and credit unions are set to meet the Central Bank twice next week to discuss how an agreement on “burden…

Wed Feb 27 2013 - 00:00
Noonan announces end of guarantee to help get banks 'back to normal'

Noonan announces end of guarantee to help get banks 'back to normal'

AIB, Bank of Ireland and Permanent TSB will no longer have to pay up to €1

Wed Feb 27 2013 - 00:00

EIB to provide State with €600m

The European Investment Bank expects to provide about €600 million to Ireland in low-cost lending this year, with a particular…

Tue Feb 26 2013 - 00:00

Elan top Irish company in ADR trading

BNY Mellon has released some interesting figures on the volume of trading in American depository receipts (ADRs) in Irish companies…

Fri Feb 22 2013 - 00:00
Full speed ahead: Setanta signs deal with Racing UK for Irish coverage

Full speed ahead: Setanta signs deal with Racing UK for Irish coverage

It has made its name covering primarily soccer and GAA but Irish broadcaster Setanta Sports is preparing to take to the gallops…

Fri Feb 22 2013 - 00:00
Patience pays off as new owners warm to prospects for Irish Life

Patience pays off as new owners warm to prospects for Irish Life

Great-West Lifeco was always keen to return to the fray once the Irish economy showed signs of improvement, says chief executive…

Fri Feb 22 2013 - 00:00

. . . and some little things

Ryanair’s announcement early in the week that Citigroup had been appointed as joint broker to the company, alongside Davy, raised…

Fri Feb 22 2013 - 00:00

Tourism measures paying off

What’s rare is beautiful, so transport minister Leo Varadkar must have been delighted when tour operator JacTravel claimed that…

Fri Feb 22 2013 - 00:00

It's still all to play for at Indo group

It’s been a busy week for listed company Independent News & Media (INM)

Fri Feb 22 2013 - 00:00

New INM charter restricts 'adversarial material'

Independent News & Media has drawn up a new editorial charter that requires journalists to get the written approval of the…

Thu Feb 21 2013 - 00:00

BoI pension scheme hole quadruples to €1.6bn

Bank of Ireland has launched a major review of its staff defined benefit pension funds to tackle a near €1

Thu Feb 21 2013 - 00:00
Irish Life sale signals vote of investor confidence that may boost Coalition

Irish Life sale signals vote of investor confidence that may boost Coalition

While the future may have held a better price, the deal is a general win-win

Wed Feb 20 2013 - 00:00

Canadian firm to buy Irish Life for €1.3 billion

Irish Life, the country’s biggest life and pensions provider, is to be sold by the Government to Canada’s Great-West Lifeco for…

Wed Feb 20 2013 - 00:00

Digicel announces plan to raise $700m in unsecured bonds

Denis O’Brien’s mobile phone group Digicel yesterday announced plans to raise $700 million (€523 million) in senior unsecured…

Wed Feb 20 2013 - 00:00

Restructuring loans integral to reviving fortunes at INM

Talks with lenders are progressing but Denis O’Brien may have to inject cash

Tue Feb 19 2013 - 00:00
APN executives resign after INM blocks plans to raise capital

APN executives resign after INM blocks plans to raise capital

Shares in APN News Media began trading again overnight in Australia following a boardroom cull over the weekend that resulted…

Tue Feb 19 2013 - 00:00

Great-West Lifeco set to buy Irish Life for €1.3bn

The president and chief executive of Canadian company Great-West Lifeco is expected to travel to Dublin next week to complete…

Sat Feb 16 2013 - 00:00

Second big investor joins INM in opposing APN rights issue

APN News Media’s chief executive came under more pressure to resign yesterday after a second big investor joined Dublin-based…

Sat Feb 16 2013 - 00:00

Quinn hotels in Sofia and Kraków for sale

The fallout from the demise of Seán Quinn’s business empire continues with five-star hotels in Sofia and Kraków being put up …

Fri Feb 15 2013 - 00:00

Merger signals lift-off for world's biggest airline

After about 15 months in bankruptcy protection, American Airlines' parent company, AMR Corporation, yesterday agreed a merger…

Fri Feb 15 2013 - 00:00

Ryanair to move HQ from Dublin Airport to Airside in Swords

Ryanair has announced plans to move its headquarters operation from Dublin Airport to a building in the nearby Airside Business…

Fri Feb 15 2013 - 00:00

Banks in UK including BoI and AIB may have to give refunds

A number of banks in the UK, including Bank of Ireland and AIB, might have to compensate customers for improperly selling interest…

Fri Feb 15 2013 - 00:00

. . . and some little things

Accounts for Galmoy Mines Ltd, which is owned by Canada’s Lundin Mining, provide details on the wind-down of the lead and zinc…

Fri Feb 15 2013 - 00:00

KBC's losses widen by 13.7% as loan costs worsen

KBC Bank Ireland’s after-tax losses widened by 13

Fri Feb 15 2013 - 00:00

United Drug share price up 60% in year

Irish healthcare outsourcing group United Drug issued a positive trading statement this week for the first quarter of its financial…

Fri Feb 15 2013 - 00:00
Golf partners: Harrington joins Irish American businessman as 'global ambassador'

Golf partners: Harrington joins Irish American businessman as 'global ambassador'

Irish people abroad often seem to gravitate towards each other and so it has proven with Chicago- based Irish businessman Mike…

Fri Feb 15 2013 - 00:00
Tax breaks for property sector

Tax breaks for property sector

The Government yesterday published the details of two initiatives it hopes will stimulate the ailing property sector.

Thu Feb 14 2013 - 00:00

European stocks up for second day

Stocks across Europe advanced for a second day, erasing an earlier drop, as companies from Heineken to PSA Peugeot Citröen reported…

Thu Feb 14 2013 - 00:00

Flybe says it is ready and able to do business here

On Thursday, Flybe chief executive Jim French began a charm offensive to persuade us about the merits of the UK regional carrier…

Fri Feb 08 2013 - 00:00

Liquidators face tough task trying to sell bank's €15bn loans into market

Large portion of loans will have to be worked out by Nama over time

Fri Feb 08 2013 - 00:00

For Topaz, it's all in the timing

It seems Irish fuel group Topaz, which is part-owned by Denis O’Brien, got its timing just right when it came to renegotiating…

Fri Feb 08 2013 - 00:00

CIE Tours motors ahead

State transport group CIÉ might be financially challenged but there is one arm of the business that appears to be motoring well…

Fri Feb 08 2013 - 00:00
Boys in red 'Support works' message gets through . . . to the Polish fans

Boys in red 'Support works' message gets through . . . to the Polish fans

"Support works" was one of the messages Irish team sponsor 3 flashed on billboards at the Aviva on Wednesday night as the team…

Fri Feb 08 2013 - 00:00

Hotel aims to sweep in the punters

The new general manager of the four-star Gibson Hotel in Dublin’s docklands is hoping to clean up this year and he’s planning…

Fri Feb 08 2013 - 00:00

Bank's biggest borrowers face Nama deadline

Irish Bank Resolution Corporation’s biggest borrowers have six months to refinance their loans or face having them sold to a …

Fri Feb 08 2013 - 00:00

Aer Lingus posts strong full-year 2012 results

Aer Lingus's share price closed up just under 1 per cent in Dublin yesterday at the €1

Thu Feb 07 2013 - 00:00

Flybe deal with Ryanair over Aer Lingus routes

Flybe's chief executive Jim French has said it intends to establish a "viable business" in Ireland if the European Commission…

Thu Feb 07 2013 - 00:00

O'Leary and Ryanair could find that breaking up its rival is hard to do

Analysis: Good annual results from Aer Lingus will help it in its fight to ward off Ryanair

Thu Feb 07 2013 - 00:00
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