Landlord Ires and activist investor trade fresh blows before crucial meetingEach side accusing the other of seeking to mislead shareholders as State’s largest private landlord prepares to vote on its futureFri Jan 19 2024 - 08:57
US home appliances group snaps up HealthBeacon for €6.9m in rescue dealThe survival plan has been drawn up by insolvency practitioner Shane McCarthy of KPMG, who was appointed as examiner to HealthBeacon in OctoberFri Jan 19 2024 - 05:12
Sainsbury’s taps former AIB executive to oversee banking exitRobert Mulhall previously served as head of both bank’s Irish retail operation and UK divisionsThu Jan 18 2024 - 14:43
Australian fintech EML’s shares soar on move to liquidate Irish cards unitWinding-up petition brought before the court because PFS Card Services Ireland’s business model no longer commercially viable or sustainableThu Jan 18 2024 - 10:27
Bank of Ireland taps Tesco Bank executive to lead UK divisionLender appoints former Ulster Bank head of retail banking as chief operating officerWed Jan 17 2024 - 17:17
No rest for the Cooler after exiting the hot seat at heavily indebted ArdaghPaul Coulson has handed the reins to new chair Herman Troskie, but Ardagh’s €10.7bn debt pile means he can’t sit back and take it easy just yetSat Jan 13 2024 - 06:00
French nursing homes group Emera explores sale of 70% stake in VirtuePotential sale by elderly care group Emera would be the first exit by one of the French companies that have entered the market in recent yearsFri Jan 12 2024 - 06:00
European shares fall as stronger-than-expected US inflation hits rate-cut hopesPan-European Stoxx 600 suffers third consecutive day of lossesThu Jan 11 2024 - 18:12
NTMA sells €3bn of bonds after receiving over €44bn of bids amid investor rushState’s debt management agency plans to raise between €6bn and €10bn in long-term debt this yearThu Jan 11 2024 - 09:59
Ires taps board member for next chair amid strategic reviewMove provides continuity at a time when the apartments owner is fighting against an attempted boardroom coup by an activist investorThu Jan 11 2024 - 08:57
Bank of Ireland in talks on sale of loan on London building leased to WeWork – reportSale comes as bank takes more cautious approach to commercial property marketWed Jan 10 2024 - 16:44
Irish on-demand deposit rates stand at third of euro zone averageAverage overnight Irish deposit rate is 0.12% while the average across the euro area is 0.36%Wed Jan 10 2024 - 15:17
NTMA seeks to raise €3bn in bond sale amid European fundraising flurryDebt office continues its tradition of running early January saleWed Jan 10 2024 - 12:53
Hostelworld has ‘strong’ start to new year as 2023 earnings top guidanceGroup revenues climbed by 32% to a record €93.7m last year as all global regions saw growthWed Jan 10 2024 - 10:45
UK accounting group Dains buys Dublin-based firm amid deals flurryUK business buying McInerney Saunders Chartered Accountants in DublinTue Jan 09 2024 - 06:00
San Leon Energy in talks with back-up investor amid delays in securing US fundsOil and gas explorer, led by Irish businessman Oisín Fanning, was told in November that initial funds were being transferredMon Jan 08 2024 - 10:09
Ires Reit to launch strategic review as activist investor pushes for saleBoard has urged shareholders to vote against a series of proposals from Vision CapitalMon Jan 08 2024 - 07:43
Banks’ focus will shift to investor paybacks in 2024 even as ECB cuts ratesAnalysts mark down profit expectations for Irish lenders as interest rate dynamics mean lower return on excess savings and more competitionSat Dec 30 2023 - 06:00
Concerns mount over pension auto-enrolment as fresh deadlines missedStarting programme in 2024 ‘very unrealistic’, says Irish Association of Pension FundsSat Dec 30 2023 - 06:00
Firms with warehoused tax urged to make repayment plans as May deadline loomsWarehoused tax deadline will be ‘the big story of 2024′Sat Dec 30 2023 - 06:00
Smurfit Kappa merger target CEO in line for golden parachute of up to €33mWestRock boss David Sewell set to leave business once Smurfit deal completedFri Dec 29 2023 - 14:56
From AI boom to zombie companies; an A to Z of financial markets in 2023US powerhouse economy grows by 5.2% in third quarter, is expected to expand by 2.1% in 2023 and 1.5% in 2024Fri Dec 29 2023 - 06:02
Ires Reit: Ireland’s biggest private landlord has year to forget as activist investor wants it put up for saleIres and other European property stocks have rallied since late October amid hopes the ECB will cut rates at pace next yearWed Dec 27 2023 - 06:13
US home appliances group picked as preferred bidder for Irish medtech firm HealthBeaconHealthBeacon filed for court protection from its creditors in late October after running out of cashTue Dec 19 2023 - 18:31
Ires activist plots boardroom coup in push for privatisation or break-upToronto-based Vision Capital is calling for an extraordinary general meeting in bid to replace five directors of the Republic’s largest private residential landlordMon Dec 18 2023 - 11:46
C&C names new finance chief to allow CEO drop dual roleUK drinks industry veteran Andrew Andrea will join C&C in March after stint leading Marston’sMon Dec 18 2023 - 07:55
CRH offers to buy Sydney-listed Adbri in €1.3bn deal as it boosts Australian presenceBuilding materials giant says plan to take 57% stake would ‘strongly complement’ existing Australian businessMon Dec 18 2023 - 07:32
Datalex’s new CEO has little room for error as clock ticks on expensive Desmond loansCorkery is set to finish up in Datalex in a few weeks’ time, having officially handed over the CEO reins to his successor, Jonathan Rockett, early last monthSat Dec 16 2023 - 06:00
Investor fund receives 1,300 claims from BlackBee Investments clientsInvestor compensation company says it is not yet known if liquidation of Cork-based firm will lead to any compensatable lossesFri Dec 15 2023 - 16:56
PTSB secures regulatory nod to return to paying dividends for first time since crisisLender’s prospects have been transformed in recent timesFri Dec 15 2023 - 14:21
Hostelworld boss: ‘There are parts of the world where hostellers’ budgets can go much further’Hostelworld is planning how to win the minds of everybody from Baby Boomers to Gen-XersFri Dec 15 2023 - 05:15
'The Irish economy is slowing': ESRI cuts domestic growth forecast againESRI expect domestic demand to rise by just 0.6% this year, with GDP to shrink by 2.7%Thu Dec 14 2023 - 00:15
Datalex signs up Air Macau for Chinese shopping and seat pricing productDeal comes less than a week after easyJet went live with Irish travel software group’s merchandiser productWed Dec 13 2023 - 17:45
Cost of car insurance claims jumps by 25% amid rising inflation and crash rates Half of all motor insurance injury claims settled last year were resolved under personal injury guidelines adopted in April 2021Wed Dec 13 2023 - 00:08
M&S back in fashion as shares double in value so far this yearRetailer appears set to capitalise on its older, wealthier clienteleSat Dec 09 2023 - 06:00
SME lender Flender restructuring debt to erase parental and Revenue liabilitiesNon-bank lender has backing of main finance provider and is in talks with two other potential sources of funds to continue to lend into small-business market, according to documentsSat Dec 09 2023 - 06:00
Bank of Ireland expands stock awards plan to wider top executives tableBank hands seven of its 12-member group executive committee combined 27,995 shares valued €240,337Fri Dec 08 2023 - 08:54
Macquarie and Aramark shortlisted for reboot of mortgage-to-rent schemeHome for Life, the only private sector participant in the previous pilot scheme, is said to not currently be on the short listThu Dec 07 2023 - 05:30
Arachas promotes Joey Wynne to CEO roleMove comes as current boss moves to new position at ArdonaghWed Dec 06 2023 - 18:11
Credit union loans jump as demand for retrofitting and mortgages growsDespite mortgage growth, sector remains mostly focused on unsecured lendingWed Dec 06 2023 - 06:00
Property specialists pose greatest risk among non-bank SME lenders in credit shock, report findsNon-banks became important source of funding for SMEs after 2008 financial crashTue Dec 05 2023 - 14:24
Bank of Ireland drops mortgage offering through UK Post Office and ends UK AA partnershipLender will continue to offer savings productsTue Dec 05 2023 - 12:59
Former Bank of Ireland executive John O’Beirne joins US fintech Square as Europe headNew role to oversee Dublin office with 300 employeesTue Dec 05 2023 - 05:53
European shares pause for breath after gains last weekBanking stocks in focus, with AIB and Bank of Ireland down 0.7% each as sector followers speculate on ratesMon Dec 04 2023 - 18:49
Three shortlisted bidders circle HealthBeacon as examiner sets date for final offersEmbattled medtech had secured 12 expressions of interest last month after filing for examinershipMon Dec 04 2023 - 06:00
Iseq 20 companies slow at appointing women to top executive roles, boardroom survey finds Women hold just 13% of all executive board positions in Iseq 20 firms, while number of women non-executive director roles is on the increaseMon Dec 04 2023 - 05:30
Pat Cooney-led Boann Distillery secures €5m AIB loan to expand plantsCompany plans complete a visitor centre at its site on the Platin Road in DroghedaMon Dec 04 2023 - 05:00
Greencore rally brought to a halt by sushi slump and rising wagesShares in the group slid by as much as 9% this week as investors digested resultsSat Dec 02 2023 - 06:11
Davy chief Bernard Byrne: ‘The Davy of today is different to that of 2021’Byrne talks about his difficult time with AIB, dealing with the Anglo bond sale scandal at Davy, and the future of the stockbroking firm after he departsFri Dec 01 2023 - 05:49
Energy trader ElectroRoute slips into loss amid price volatilityEnergy trader grappling with volatile power marketsFri Dec 01 2023 - 00:01
