European stocks run out of steam amid UK bank holidayShares remain near one month highMon Aug 26 2024 - 18:25
Liberty Insurance rebrands as RedClick after Italian takeoverItalian insurance giant Generali acquires business as part of a €2.3 billion dealMon Aug 26 2024 - 13:24
Digicel credit rating upgraded on improved finances after restructuringMobile phone network group remains junk rated, partly due to focus on markets ‘with history of instability and adverse weather events’Mon Aug 26 2024 - 09:59
Liquidators of Kremlin-owned GTLK firms aim to sell 17 planes by early 2025Two companies owed bondholders $3.75bn in 2023, half of it to Russia-based investors, and had assets valued at $4.5bnMon Aug 05 2024 - 05:00
Annoyed by banks’ bumper profits? It’s on you if you’re still giving them money for nothingBanks are getting 3.75% on your savings with the Central Bank and paying you an average of 0.13% in a demand deposit accountSat Aug 03 2024 - 05:27
Dundrum centre owners near €600m refinancing with group led by UK’s RothesayExisting loans secured against the landmark shopping centre fall due in SeptemberSat Aug 03 2024 - 05:00
AIB in talks to buy back €500m of State shares as profits rise 30%Bank sees full-year net interest income amounting to about €4bn, up from previous €3.65bn-plus projectionFri Aug 02 2024 - 07:28
Former AIB finance chief advances plan to float Portuguese bankMark Bourke says shareholders agree ‘overcapitalised’ Novo Banco should no longer be barred from paying dividendsThu Aug 01 2024 - 17:29
PTSB’s mortgage market share creeps up from 2023 lowBank reports a ‘strong pipeline of activity’ as profits in first half treble to €75m, beating expectationsThu Aug 01 2024 - 07:58
Digicel earnings rebound in year bondholders seized controlDenis O’Brien handed 90% of the Caribbean-based telecoms group over to bondholders under a debt-for-equity swap finalised in JanuaryThu Aug 01 2024 - 05:48
Bank of Ireland raises full year forecasts amid slow pace of rate cutsBank profits from customers’ reluctance to shift savings into higher interest accounts as well as lower bad loan provisionsWed Jul 31 2024 - 19:54
Banks’ profit surge on higher rates may mask challenges, Central Bank warns While the higher interest rate environment has led to improved profitability in recent years, it has not made bank business models any more sustainable, Sharon Donnery saidWed Jul 31 2024 - 16:54
Smurfit Kappa earnings fall ahead of €23bn WestRock mergerGroup cites higher recovered fibre costs and lower corrugated box prices but says demand is recoveringTue Jul 30 2024 - 21:41
Irish Life pays out €1.73bn of dividends since purchase for StatePayouts eclipse €1.3bn Canada’s Great West-Lifeco paid Government to buy Ireland’s largest life and pensions group in 2013Tue Jul 30 2024 - 05:51
Irish GDP seen expanding for second straight quarter after 2023 contractionEconomy still smaller than this time last year, CSO says, despite increase in activity among multinationalsMon Jul 29 2024 - 13:11
Dublin private equity firm Erisbeg plans second fund after first exitErisbeg sells healthcare equipment company Medray for close to €60m to investment firm owned by Lloyds Banking GroupMon Jul 29 2024 - 12:41
Euronext CEO confirms plan for Irish ‘springboard’ market for small company listings Euronext Access markets are designed especially for start-ups and small companies that wish to join a stock exchange to finance growthMon Jul 29 2024 - 05:46
Coulson’s love-in with junk bond investors in Ardagh hits the rocksAnalysts expect outlook for glass bottle sector to force group to restructure its debt at some pointSat Jul 27 2024 - 05:00
Michael O’Leary, Tony Smurfit, Albert Manifold: Which Irish plc CEOs have the biggest pay packages?The median chief executive compensation packag was €2 million last year.Fri Jul 26 2024 - 05:59
Ardagh slashes forecast for glass bottle business as it mulls how to cut €11.5bn debt Hit to bottle unit caused by weaker-than-expected demand among consumers in Europe, and a switch by drinks manufacturers from glass to aluminium cansThu Jul 25 2024 - 18:10
Revolut secures UK banking licence after three-year waitAuthorisation for UK banking licence for Revolut comes less than a month after the company published annual results showing a better-than-expected €398m profit last yearThu Jul 25 2024 - 09:07
Dundrum Town Centre co-owner takes further €58.3m hit on Irish shopping mallsHammerson said it and Allianz expect to sign refinancing deal for €600 million of Dundrum loans in early AugustThu Jul 25 2024 - 08:46
Finance officials concerned about oversight of auto-enrolment pension schemeLegislation holds planned new mandatory workplace pension scheme to lower regulatory standards than private sector rivalsThu Jul 25 2024 - 05:00
Axa Irish premiums to hit €2bn as it gets nod to underwrite Laya policiesLargest general insurer in the Republic acquired the second largest player in health cover market last year in €650m dealThu Jul 25 2024 - 05:00
Hvivo chairman Cathal Friel sells remaining shares for €7.3mBusinessman oversaw the initial flotation in 2019 of clinical trials group that became HvivoTue Jul 23 2024 - 16:16
Central Bank warned ‘over-regulating’ funds could backfireSector says overly aggressive action could prompt shift of financial assets into unregulated vehiclesTue Jul 23 2024 - 15:52
Kildare Village stake changes hands in £600m Hammerson fashion outlets saleProperty giant intends to use proceeds to reduce debt and reinvest in core prime urban retail propertyMon Jul 22 2024 - 09:22
Pension auto-enrolment: Call for companies to get six-month grace for landmark new systemMany Irish employers will struggle with the implementation of the upcoming system, staffing agency warnsMon Jul 22 2024 - 06:15
Ardagh’s riskiest bonds fall below 20c on euro ahead of resultsChairman of glass and metal packaging group says ‘all options’ to cut debt burden are being looked atMon Jul 22 2024 - 06:15
Pepper names former Anglo Irish banker as chief executiveNiall Sorohan is currently chief executive of Cabot IrelandMon Jul 22 2024 - 06:10
Building consultancy plans hiring drive amid energy retrofit boomSystemCore was co-founded in 2021 by former bonds and shares trader Cathal O’LearyMon Jul 22 2024 - 05:55
Johnny Ronan misses out, PTSB dividends and aircoach cancellationsSeen & Heard: Budget giveaway, Aircoach cancellations and Louis Vuitton’s Irish profitsSun Jul 21 2024 - 11:02
Mark-down M50 shopping mall sales set a floor as €600m Dundrum loans loomSlumping prices come even as occupancy levels remain highSat Jul 20 2024 - 06:00
Dublin-based Brera football group’s auditor warns on ‘going concern’Company’s net loss widened to €4.91 million last year from €1.23 million in 2022Sat Jul 20 2024 - 06:00
PTSB to sell €348m of problem mortgages to Apollo-led groupDeal will reduce its non-performing loans ratio to 1.7 per centFri Jul 19 2024 - 16:31
Irish airlines, public transport and NCT hit as Microsoft scrambles to fix global IT outageFinancial services groups, airlines and media groups have been affectedFri Jul 19 2024 - 13:31
Datalex plans to raise €25m in share sale in ‘early autumn’Move would allow firm to repay high-cost loans from Dermot DesmondThu Jul 18 2024 - 09:50
Bankinter’s Irish loans rise 41% amid plans for bank branchSpanish lender’s Irish unit saw its pretax profit jump 20% to €20m in the first half of yearThu Jul 18 2024 - 09:31
Grant Thornton Ireland hires advisers amid possible merger with US firmIrish accounting firm undertakes strategic review with Deutsche Bank hired to advise on its optionsThu Jul 18 2024 - 07:35
Finance Ireland rules out mortgages reboot until 2025 ‘at earliest’ as banks hog marketNonbank lender drastically reduced home loan business as interest rates soaredThu Jul 18 2024 - 06:00
Kenmare Resources to name Carvill successor within weeks Mining company says its shipments have dropped 18%Wed Jul 17 2024 - 10:33
Mainstream Renewable eyes deals to ‘recycle’ capital as loss narrowsChief executive of company founded by Eddie O’Connor seeing ‘strong opportunities’ for dealsWed Jul 17 2024 - 06:00
Spotlight on Central Bank’s vetting process should lower risk of groupthinkOver more than a decade, the regulator has received 50,000 applications to approve individuals for key positions, approving 11,000 in the past four years aloneSat Jul 13 2024 - 06:00
Furlong’s Pageant builds up 3.2% stake in Corre EnergyCorre was down to €1.08m of cash at the end of last year but later raised €2.76m in share saleSat Jul 13 2024 - 06:00
Datalex shareholders urged to reject new chief executive’s sign-on bonusRecommendation also made to vote against the re-election of non-executive director Peter LennonSat Jul 13 2024 - 06:00
Bank of Ireland confirms Gavin Kelly as next Davy chiefExecutive will lead bank’s new wealth and insurance division, including the stockbroking unitFri Jul 12 2024 - 17:13
Eagle Street picked as preferred bidder for the Square in TallaghtValue of offer is unknown but follows previous negotiations for potential sale at knock-down price of about €125mFri Jul 12 2024 - 06:00
‘Sentiment towards Ireland is very strong now,’ says NTMA chief Frank O’Connor National Treasury Management Agency boss will oversee two new sovereign wealth funds with aim of capturing and investing windfall tax revenuesFri Jul 12 2024 - 05:52
Central Bank vetting regime for financial roles often seen as ‘quasi-enforcement investigation’Organisational overlapping ‘seems to have generated some confusion amongst firms and candidates’Thu Jul 11 2024 - 15:01
Smurfit WestRock likely to find integration ‘challenging’, says Bank of America Smurfit Kappa effectively doubled in size last week with WestRock mergerThu Jul 11 2024 - 06:46
