Aer Lingus records 8.4% fall in customer numbers in FebruaryTHE RECENT decline in Aer Lingus’s passenger traffic continued in February, with the airline recording an 8Sat Mar 07 2009 - 00:00
Eircom gravy train going off the railsEIRCOM’S UNIMPRESSIVE financial results last week prompted Communications Workers’ Union (CWU) leader Steve Fitzpatrick to issue…Fri Mar 06 2009 - 00:00
Aer Lingus may have after-tax losses of up to €150m, says O'LearyRYANAIR CHIEF executive Michael O’Leary has predicted that Aer Lingus will announce after- tax losses of €100-€150 million when…Fri Mar 06 2009 - 00:00
Rivals 'Herald AM' and 'Metro' in merger talksINDEPENDENT NEWS Media (INM) is in advanced talks with The Irish Times Ltd and Associated Newspapers to merge its Herald AM freesheet…Fri Mar 06 2009 - 00:00
Dublin Airport Authority gets lower credit ratingDUBLIN AIRPORT Authority (DAA) yesterday had its credit rating downgraded by Standard & Poor’s (S&P), reflecting a recent…Wed Mar 04 2009 - 00:00
Setanta may have missed €10m payment to FADUBLIN-BASED pay TV broadcaster Setanta Sports is believed to have missed a £10 million instalment payment to the Football Association…Wed Mar 04 2009 - 00:00
O'Brien stands to make $260m from Digicel dealMULTIMILLIONAIRE businessman Denis O’Brien looks set to earn $260 million (€207 million) from the sale of a 40 per cent equity…Wed Mar 04 2009 - 00:00
Alcohol consumption down 6% to 1997 levelsALCOHOL CONSUMPTION declined by 6 per cent last year, bringing it back to 1997 levels, according to a drinks industry report.Tue Mar 03 2009 - 00:00
O'Brien's Digicel to launch $435m bond issueDENIS O’BRIEN intends to raise $435 million (€345Tue Mar 03 2009 - 00:00
Competition Authority warns against cartelsTHE COMPETITION Authority has warned against diluting current merger rules in a bid to counteract the effects of the recession…Tue Mar 03 2009 - 00:00
Bad bank strategy 'coming soon'HAVING BEEN a vocal critic of the Government’s decision to guarantee the loans and deposits of Irish-owned banks last September…Sat Feb 28 2009 - 00:00
BoSI says losses of €250m 'not unexpected'BANK OF Scotland (Ireland) made a loss of €250 million for 2008, bringing to an end 15 years of growth for the bank here.Sat Feb 28 2009 - 00:00
O'Brien takes a knife to cost baseBRIAN COWEN could do worse that appoint Denis O’Brien as minister for cutbacks judging by the speed at which he has slashed costs…Fri Feb 27 2009 - 00:00
Oyster comes out of its shell for 3SOME LIGHT is appearing at the end of the tunnel for Emmet Memery’s Oyster Telecom.Fri Feb 27 2009 - 00:00
Believe our PR, spin doctors ask CowenIRELAND’S TOP spin doctors have decided they need to work on their message if they are to stop bleeding lucrative Government …Fri Feb 27 2009 - 00:00
High-flyer wanted for DAA role as McGann disembarksAFTER FIVE years as chairman, Gary McGann disembarked this week from the Dublin Airport Authority, with a large nudge from Minister…Fri Feb 27 2009 - 00:00
Little ThingsUK-BASED aviation analyst Andrew Lobbenberg has an interesting take on Ryanair’s reasons to pull routes from Dublin airport this…Fri Feb 27 2009 - 00:00
Quinlan Private nets profit from hotel saleDUBLIN-BASED investment group Quinlan Private has sold its interest in a four-star hotel in Frankfurt, netting a tidy profit …Thu Feb 26 2009 - 00:00
APN profits slide amid 'most challenging' conditions yetINDEPENDENT NEWS & Media’s Sydney-based associate, APN News & Media, yesterday reported a steep decline in profitability…Thu Feb 26 2009 - 00:00
Revenues at UPC rise 7.9% to €242mREVENUES AT UPC Ireland, the cable TV and telecoms provider that owns NTL and Chorus, grew by 7Wed Feb 25 2009 - 00:00
Guinness is good for himINTERVIEW/JOHN KENNEDY, DIAGEO IRELAND: DIAGEO IRELAND managing director John Kennedy smiles, allows himself a minute to think…Fri Feb 20 2009 - 00:00
Jameson tastes success abroad but sales decline in home marketSALES OF Jameson Irish whiskey grew by 7 per cent worldwide in the six months to the end of December 2008 but the brand declined…Sat Feb 14 2009 - 00:00
Setanta facing €225m loan note debtIRISH PAY TV broadcaster Setanta Sports is faced with having to pay back €225 million in loan notes in November 2010, according…Sat Feb 14 2009 - 00:00
Station taken off air as revenue crisis bursts Bubble HitsIRISH MUSIC TV station Bubble Hits, which is half-owned by successful concert promoter Denis Desmond, was taken off air yesterday…Sat Feb 14 2009 - 00:00
Guinness sales surge in half yearSALES OF Guinness in Ireland grew by 2 per cent in the six months to the end of December, reversing a decline of recent years…Fri Feb 13 2009 - 00:00
Ryanair to trim routes and 200 jobs at Dublin airportAIRLINE CUTBACKS: RYANAIR SAID yesterday that it would reduce its fleet of aircraft at Dublin airport this summer from 22 to…Fri Feb 13 2009 - 00:00
Tesco stops giving personal loans in RepublicTESCO HAS confirmed that its personal finance arm in Ireland has “temporarily halted” issuing personal loans here but says its…Wed Feb 11 2009 - 00:00
Newstalk boss Geraghty steps downELAINE GERAGHTY has stepped down as chief executive of the Denis O’Brien-owned Newstalk FM national radio station.Wed Feb 11 2009 - 00:00
Western Union deal nets Fexco $159mIRISH FINANCIAL services group Fexco has netted $159Wed Feb 11 2009 - 00:00
Johnston Press in talks to sell 'Echo' to ex-ownerBRITISH MEDIA group Johnston Press is believed to be in advanced talks to sell the Tallaght-based Echo weekly newspaper to former…Tue Feb 10 2009 - 00:00
Figures show construction sector activity at record lowACTIVITY IN the Irish construction sector slowed last month to its lowest level since data was first collected in June 2000, …Mon Feb 09 2009 - 00:00
Ulster Bank yet to decide on bonus paymentsULSTER BANK said yesterday that no decision had been made on the payment of 2008 bonuses to staff in Ireland.Mon Feb 09 2009 - 00:00
Setanta seeks to raise £159m for live soccer rightsIRISH PAY TV broadcaster Setanta Sports has hired London-based merchant bank Close Brothers to raise at least £159 million (€…Mon Feb 09 2009 - 00:00
Sky beats Setanta in rights dealIRISH PAY TV broadcaster Setanta Sports was dealt a blow yesterday when the English Premier League announced that from the 2010…Sat Feb 07 2009 - 00:00
New fitness gym built for leaner timesWHILE MOST businesses are retrenching, 30-year-old Irish businessman Jamie Myerscough is planning to open more Educogym franchised…Fri Feb 06 2009 - 00:00
Payzone to seek 27 redundanciesTROUBLED IRISH electronic payments firm Payzone is believed to be seeking 27 compulsory redundancies among its 93 workers at …Fri Feb 06 2009 - 00:00
Rights contest a nail-biter for SetantaSETANTA SPORTS’s backers must be more nervous right now than a goalkeeper preparing for a penalty shoot-out to decide who wins…Fri Feb 06 2009 - 00:00
Digicel hits target on Caribbean job lossesDENIS O’BRIEN’S Digicel telecoms group has achieved its target of 450 voluntary redundancies across its Caribbean operations…Fri Feb 06 2009 - 00:00
Shelbourne made a loss of €307,000 in 2007THE FIVE-STAR Shelbourne Hotel in Dublin made a loss of €307,000 in 2007, the year it reopened for business after a €125 million…Thu Feb 05 2009 - 00:00
Banks out of favour again in very light trading dayMARKET REPORT: ACTIVITY ON the Irish stock market yesterday mirrored that on the slushy streets and roads around the country…Wed Feb 04 2009 - 00:00
Setanta lodges bid for Premier matchesIRISH PAY television broadcaster Setanta Sports yesterday lodged a bid for rights to show live English Premier League football…Wed Feb 04 2009 - 00:00
Aer Lingus directors agree to take 20% cut in feesAER LINGUS directors have agreed to take a voluntary 20 per cent cut in their annual fees in recognition of the current downturn…Wed Feb 04 2009 - 00:00
Plans for Terminal 2 operator scrappedMINISTER FOR Transport Noel Dempsey has scrapped plans to seek an operator for Terminal 2 (T2) at Dublin airport and decided …Tue Feb 03 2009 - 00:00
Communicorp sale depresses Today FM profitsCOSTS ASSOCIATED with its sale to Denis O’Brien’s Communicorp Group in January 2008 depressed profits last year at national radio…Tue Feb 03 2009 - 00:00
Ryanair shares rise on profit forecastSHARES IN Ryanair rose 7 per cent yesterday after the airline predicted it would make a net profit after tax of €50-€80 million…Tue Feb 03 2009 - 00:00
McConnells forms new joint ventureMcCONNELL’S Media Group and Publicis Groupe Media have formed a joint venture that they claim will be Ireland’s biggest advertising…Sat Jan 31 2009 - 00:00
Hotel consortium buys property in BrusselsIRISH HOTEL operator Prem Group and Goodbody Stock- brokers have paid €27 million for an office block in central Brussels that…Sat Jan 31 2009 - 00:00
Some newsagents to boycott 'Sunday Independent' in costs rowUP TO 400 newsagents around Ireland are expected to boycott selling the Sunday Independent newspaper this weekend as they escalate…Sat Jan 31 2009 - 00:00
Servisair pay freeze and possible job cutsTHE AVIATION services company Servisair has implemented a pay freeze for its near 300 staff at Dublin airport and has signalled…Fri Jan 30 2009 - 00:00
One more thingCountdown towards 4FM launch; plan for transatlantic service hits turbulence; operator of Dublin airport’s Terminal 2 not yet…Fri Jan 30 2009 - 00:00
