Barryroe to raise up to €20m in share sale as key lease awaitedFunds being raised in addition to €40m convertible loan-note arrangement with investors led by Larry GoodmanThu Apr 06 2023 - 08:10
Dilosk seeks to raise €540m to reboot owner-occupier lendingNon-bank lender marketing bonds backed by portfolio of existing ICS Mortgages loans to source capital for new lendingThu Apr 06 2023 - 05:00
Irish plastics industry supplier bought for up to €25mTPS specialises in materials and technologies for the manufacturing of plastics used in the healthcare, consumer, transportation and aerospace sectorsWed Apr 05 2023 - 19:50
Two Dublin credit unions plan tie-up to create €370m groupTalks between Progressive Credit Union and Core Credit Union are at an early stage, reports sayWed Apr 05 2023 - 17:00
Larry Goodman set to hold most of Barryroe even after sharing €40m lifelineVevan Unlimited has reached accord on sub-allocation of portion of loan notes with certain shareholdersSat Apr 01 2023 - 06:10
Former NTMA chief John Corrigan dies unexpectedlyCorrigan credited with helping pave the way for the government to return to international debt markets after bailoutFri Mar 31 2023 - 18:55
Digicel clears key hurdle in debt restructuringTelecoms group has secured the backing of two key group of creditorsFri Mar 31 2023 - 17:53
No honeymoon period likely for Guinness owner’s new bossDebra Crew has tough act to follow as CEO of the Guinness ownerFri Mar 31 2023 - 16:02
Irish law firms secure multimillion-euro fees from pharma bankruptcyA&L Goodboy senior partners charges rates of up to €590 an hourFri Mar 31 2023 - 06:00
Credit Unions have €2bn of unused capacity for mortgages and business loansCentral Bank rules have allowed credit unions to offer long-terms loans since 2020Thu Mar 30 2023 - 12:16
Central Bank down to last €1.5bn of IBRC-linked bondsCentral Bank has now sold off 94 per cent of bonds tied to IBRC liquidationWed Mar 29 2023 - 16:15
Moody’s says Irish banks’ outlook ‘positive’ amid market turmoilRatings agency expects Irish GDP to grow by 4.5% this year and by 4% in 2024Wed Mar 29 2023 - 14:53
Watchdog fines Kildare accountant €10,500 over SPV auditJohn Kavanagh admitted to the contraventions identified, Iaasa saidWed Mar 29 2023 - 11:29
ICG chief paid €2.9m as ferry group defends chair’s 19-year tenureSome 23% of shareholders voted against the re-election of chairman John B McGuckian, who was on the board for 35 yearsWed Mar 29 2023 - 10:03
Barclays Bank Ireland profit slumps on €167m loan loss chargeAssets increase by more than €15 billion to €132.5 billionMon Mar 27 2023 - 05:50
Government ignored officials’ calls in extending 9% hospitality VAT rate‘No economic case’ for extending lower VAT rate, Minister for Finance toldSat Mar 25 2023 - 05:00
Will Revolut’s vow to undercut Irish car insurers by 30% reactivate the industry’s herd instincts?Reforms are in the works, but there are still a number of challenges facing insurers trying to price risk responsiblyFri Mar 24 2023 - 16:10
Woman gets €120,000 in compensation after bank puts house on market without telling herFinancial Services and Pensions Ombudsman upheld or presided over the settling of 212 complaints last yearFri Mar 24 2023 - 05:00
Banking crisis forces central banks to think again on interest rates Federal Reserve’s hike-and-hope move risks credit crunch as banking crisis rattles marketsFri Mar 24 2023 - 05:00
State fund talks to HSBC about funding Irish startups after Silicon Valley Bank collapseHSBC bought UK unit of SVB that had handled many Irish client relationshipsWed Mar 22 2023 - 16:49
OUTsurance confirms plan to enter Irish market in 2024South African insurer to target motor and home coverageWed Mar 22 2023 - 08:41
Smurfit Kappa wraps up its Russian operations, crystallising €128m financial hitIseq-listed packaging company confirms it has completed its exit from the Russian market announced last AprilMon Mar 20 2023 - 11:13
Banking crisis delays AIB’s return to majority private hands – and decision on payLowering of interest rate expectations will have bigger effect on market sentiment towards Irish banks, with their higher reliance on interest incomeFri Mar 17 2023 - 13:58
Should we be worried as Credit Suisse brings banking crisis to Europe?Q&A: Irish banks are seen to be among the most risk averse across the continentThu Mar 16 2023 - 13:31
Europe’s banks ‘much stronger than in 2008′, says ECB’s Lagarde Market focus turning to ECB, which is expected to scale back previous plans for a half-point interest rate hikeThu Mar 16 2023 - 08:44
Irish banks are stable says Taoiseach, as shares in global lenders plunge on Credit Suisse concerns Swiss authorities issue statement in support of Credit Suisse as financial markets bet ECB will scale back planned half-point rate hike on ThursdayWed Mar 15 2023 - 20:28
European banking stocks slide as nervous investors turn their eye to Credit SuisseFinancial markets bet ECB will scale back planned half-point rate hike on ThursdayWed Mar 15 2023 - 16:23
Central Bank warns of risks to State’s €4tn funds industry amid rising ratesRegulator urges firms to regularly stress test their portfoliosWed Mar 15 2023 - 11:48
Glen Dimplex receives €185m from Morphy Richards sale and ups spending on heating dealsMorphy Richards was sold to a Chinese company, Guangdong Xinbao Electrical Appliance HoldingsWed Mar 15 2023 - 05:00
Will the US banking crisis reach Irish shores? Q&A: Collapse of Silicon Valley Bank has increased the odds of a US recession, with consequences for a small, open economy like IrelandTue Mar 14 2023 - 13:12
AIB plans capital relief as focus turns to investor payoutsLender set to follow Bank of Ireland with credit risk transfer dealsTue Mar 14 2023 - 05:00
European banks slide amid Silicon Valley Bank falloutAIB, Bank of Ireland and Permanent TSB have seen combined €3.66 billion wiped off their valueMon Mar 13 2023 - 19:29
Uniphar and Navicorp filed three sets of remedies to CCPC before deal blockedUniphar were allowed to add to its chain of pharmacies with the purchase of the Sam McCauley network of 37 outlets in months leading up to proposed dealMon Mar 13 2023 - 17:00
Central Bank starts consultation on banker accountability rulesDocuments go into detail of what will be expected of executivesMon Mar 13 2023 - 13:05
Deposits protected as HSBC acquires UK arm of Silicon Valley BankUS president Joe Biden insists Americans can have confidence about the safety of bank depositsMon Mar 13 2023 - 07:21
Aircraft lessors call for Irish sustainable jet fuel policyAviation industry is targeting net zero emissions by 2050Mon Mar 13 2023 - 05:00
EU’s top court to hear high-stakes Irish Apple tax appeal in MayECJ sets hearing date for May 23rdMon Mar 13 2023 - 05:00
Bank of Ireland share awards expose banker pay rules ‘myth’, says Sinn FéinPearse Doherty to ask Revenue Commissioners to clarify whether share awards comply with bonus restrictionsSun Mar 12 2023 - 14:15
Seen & Heard: An Post and Royal Mail resolves issue over UK parcel deliveries Thousands of online purchases from smaller UK retailers had been returned each day post-BrexitSun Mar 12 2023 - 10:51
Irish savers left subsidising bank borrowers and shareholdersDepositors have hardly benefited from the ECB’s interest rate hikesFri Mar 10 2023 - 16:19
CRH chief Manifold’s pay package dips 13% to €12mCEO’s salary was 259 times the median employee salaryFri Mar 10 2023 - 15:18
Myles O’Grady: Banking is ‘in my blood and it’s certainly what I am best at’ Buttressed by the lifting of Government pay caps, Bank of Ireland CEO Myles O’Grady talks about the future of the lender and his circuitous route to the top jobFri Mar 10 2023 - 12:30
FBD to top up €36m dividend with cash returns to shareholdersInsurer expects to pay outstanding Covid-19 pub business interruption claims this year following High Court ruling on outstanding issuesFri Mar 10 2023 - 07:56
NTMA has to offer highest rate in nine years to sell long-term bondsSale comes against backdrop of high inflation and rising borrowing costs around the worldThu Mar 09 2023 - 10:59
Aviva’s Irish insurance arm sees profits dip amid rising claimsAviva Insurance Ireland’s operating profit fell to €32m from €44m for the previous yearThu Mar 09 2023 - 08:41
Non-banks charging more for variable rate mortgages than traditional lendersNon-banks average variable rate mortgage rate 1 percentage point above high street banksThu Mar 09 2023 - 05:00
Bank of Ireland to award top executives shares despite bonus restrictionsBank will boost pay of bosses by 50% by giving shares with no link to performance in coming yearsWed Mar 08 2023 - 12:04
AIB expects to ‘materially’ beat its own profitability target this year amid rising ratesBank took additional €101m charge last year to cover compensation for investors hit by failed commercial property fundsWed Mar 08 2023 - 07:33
Glenveagh executives sell €1.08m of shares after exercising optionsManagement team benefit from rally by housebuilder’s shares so far this year following sell-off in 2022Wed Mar 08 2023 - 04:47
PTSB raises fixed mortgage and deposit ratesMove marks third fixed-term mortgage rate increase by bank since ECB started to hike official borrowing costs last JulyTue Mar 07 2023 - 16:11
