Pessimism prevails as stock market sages look to 2023Investors appear ready to batten down the hatches heading into next yearFri Dec 09 2022 - 16:03
Central Bank rejects negative European watchdog findings on Brexit-related approvalsFindings are at odds with the bank’s reputation among financial firms as tough regulatorFri Dec 09 2022 - 05:30
BoI pledges to cut emissions from home loans portfolio by 48% by 2030State’s largest bank by assets has also promised to deliver a 56 per cent reduction in commercial real estate portfolio emissions between 2020 and 2030Thu Dec 08 2022 - 19:58
European shares drop for fifth day amid mounting recession concernsCRH and Smurfit decline as Iseq retreatsThu Dec 08 2022 - 18:37
State must build up to 62,000 homes a year, economist claimsRonan Lyons of TCD says Government’s plans are not underpinned by the latest dataThu Dec 08 2022 - 15:48
KPMG spins out standalone law firm with aim to grow to 160 staff by end of 2025Move by Big Four accounting group highlights rapid change in legal services sector since Brexit and amid growth of cross-border international operatorsThu Dec 08 2022 - 05:28
Central Bank to move its south Dublin cash facility as it plans sale of 37-acre site Bank says it will engage with Land Development Agency in disposing of site, which is zoned residentialWed Dec 07 2022 - 16:09
Avant raises mortgage rates for third time as ECB eyes next moveSpanish nonbank lender's latest move comes ahead of expected ECB rate rise next weekWed Dec 07 2022 - 14:14
Malin plans €140m share buyback after Immunocore stake saleMove is part of latest proposal to return cash to shareholdersWed Dec 07 2022 - 10:51
KBC Ireland starts closing current accounts as BoI deal gets final nodAccount closure process likely to extend into next summerFri Dec 02 2022 - 20:11
Haiti, on the brink, focuses minds as O’Brien pleads for more time on Digicel debtFirm in talks on third debt overhaul in four years as it targets holders of $925m of bonds due to be repaid next MarchFri Dec 02 2022 - 16:02
AIB investor payouts may exceed €1bn in coming yearsECB’s recent interest rate hikes have improved the earnings outlook for AIB and other Irish banksFri Dec 02 2022 - 13:00
Ulster Bank agrees 7% staff pay hike despite lay-off plansSources say 600 departing employees in Republic are expected to benefit from the increaseThu Dec 01 2022 - 17:25
Credit unions welcome Bill to allow industry co-operationDraft legislation will allow creation of corporate entitiesThu Dec 01 2022 - 12:54
Easing of Irish banker pay limits will add to lenders’ costs, S&P saysDeutsche Bank estimates the three remaining Irish banks will see their total income rise to €8.45 billion in 2024 from €6.25 billion this year, amid rising interest ratesThu Dec 01 2022 - 12:01
NTMA plans to borrow as little as €7bn next year as it opts out of short-term debt marketState will next year start to repay the EU part of its international bailout, which amounts to over €40bnThu Dec 01 2022 - 10:59
Denis O’Brien’s Digicel seeks to delay repayment of $925m of looming debtTelecoms group had net debt of $4.2 billion at the end of September, equating almost six times its earnings over the preceding 12 monthsThu Dec 01 2022 - 06:00
Eir’s debt rating downgraded by FitchEarlier this year, it sold of a 49.9 per cent stake in its wholesale broadband subsidiary, Fibre Networks Ireland to French private equity firm InfraViaWed Nov 30 2022 - 21:08
Paschal Donohoe comes under fire at Oireachtas committee over bankers’ pay moveOireachtas Finance Committee hears of shock at Minister’s ‘parting gift’ of bonuses for bankersWed Nov 30 2022 - 18:35
Donohoe gives an early Christmas gift to Irish banksDonohoe gives his imprimatur to 34 recommendations contained in the final reportWed Nov 30 2022 - 05:00
Donohoe rules out removing 89% banker bonus super taxMinister’s move to allow bonuses criticised by Opposition figures and Coalition party TDWed Nov 30 2022 - 05:00
Super tax on banker bonuses above €20,000 should remain enshrined in law, Minister insistsPaschal Donohoe defends Government decision to relax pay restrictions for bank executives following banking reviewTue Nov 29 2022 - 15:54
Access to bank cash services to be protected by law following reviewBanking report urges coordinated approach on long-term mortgage arrears and recommends easing pay restrictions in bailed-out banksTue Nov 29 2022 - 11:36
Finance union welcomes Donohoe’s banker bonus move Sinn Féin describes action as ‘tone deaf’Tue Nov 29 2022 - 10:26
Bailed-out banks to be allowed pay bonuses of up to €20,000 under Donohoe planMinister to propose lifting pay caps at Bank of Ireland, in which the State no long holds any shares, and put AIB and PTSB on the same pathMon Nov 28 2022 - 16:21
Applegreen posts €45m pretax loss as finance costs rise after takeoverCompany taken private in €718m dealMon Nov 28 2022 - 12:15
European shares post sixth straight week of gains on hopes of slowing rate hikesIrish banks take a hit even as lender AIB passes on greater part of recent ECB rate hikes to customersFri Nov 25 2022 - 18:13
Goodman moves after Barryroe burns through €270m Beef baron’s financial lifeline could yet see him own over 75% of the company and sets up a battle of wills with Minister Eamon RyanFri Nov 25 2022 - 17:16
AIB hikes fixed rates again ahead of new profitability targetsIncreases to apply across its AIB, EBS and Haven brandsFri Nov 25 2022 - 13:31
Will Donohoe move on banking access to cash, pay and levies before McGrath handover?Report on the future of banking lands on minister's desk just as Cabinet reshuffle loomsFri Nov 25 2022 - 05:16
Central Bank governor Makhlouf says Irish tech layoffs a ‘pause’ as ICT jobs fall by 11,000Sector still employing more than it did pre-CovidThu Nov 24 2022 - 13:14
Central Bank eases terms of incoming property fund borrowing capExisting funds will have five years to comply in move that sees introduction of 60% leverage limitThu Nov 24 2022 - 10:02
Larry Goodman may end up with over 75% of Barryroe after funding dealUp to €40m committed in redeemable secured convertible loan notesWed Nov 23 2022 - 19:35
Goodbody Stockbrokers under investigation for alleged market-abuse systems failingsCentral Bank undertaking enforcement investigation in relation to alleged breachesWed Nov 23 2022 - 17:08
Pepper hikes some Irish mortgage rates to 6.5%Firm is latest to increase interest ratesWed Nov 23 2022 - 05:00
Goodman agrees €40m Barryroe funding to help secure key lease off Cork coastBeef magnet has built up a stake of more than 16% in oil and gas explorerTue Nov 22 2022 - 15:43
CRH sticks to full-year earnings forecast despite higher energy prices and weak euroEbitda forecast represents 10% improvement on the 2021 outcome for the Dublin-based building materials groupTue Nov 22 2022 - 14:06
Cecilia Ronan steps down as Citigroup’s Europe chief due to ill healthCitigroup Europe is currently in talks on a new headquarters in Dublin and is expanding its local workforce to 2,800Tue Nov 22 2022 - 12:09
European shares dip amid worry over surging Covid-19 cases in ChinaIseq index advances 0.2 per cent to 7,236.99, buoyed by building materials company CRH, with banks also a bright spotMon Nov 21 2022 - 18:26
Deja vu all over again as Eir financial engineering delivers €1.73bn in windfallsJoe Brennan: While the hope is that earnings will stabilise next year, rising inflation and the weakening wider economic backdrop doesn’t helpFri Nov 18 2022 - 13:36
Aryzta investor caution urged over dual chairman-CEO roleProxy adviser questions why CEO Urs Jordi should also be chairman, though it says firm’s temporary rationale for it is ‘compelling’Fri Nov 18 2022 - 05:00
Irish monthly mortgage payments rose 12% ahead of ECB rate hikesBank lobby group says higher home deposits or longer mortgage terms are the best ways to cut level of monthly paymentsFri Nov 18 2022 - 01:01
Axa Ireland net profit rose to €112.7m last yearAxa Ireland, Ireland's largest general insurer, saw its net profit rise 15 per cent last year to €112.7 millionThu Nov 17 2022 - 06:02
US insurance broker NFP buys Dublin health and life adviserNew York-based insurer acquires Tailored Finance for undisclosed sumThu Nov 17 2022 - 00:01
Central Bank’s Donnery defends plans to hold individual executives accountableDeputy governor says criticism of new rules misses the point of the proposalsWed Nov 16 2022 - 19:15
Ulster Bank to cut 600 staff as it prepares to exit IrelandInitial voluntary redundancy programme to cover a quarter of workforce, with more staff to move with loan and branch salesWed Nov 16 2022 - 10:47
John Laing closes in on most of State-backed fund’s assetsIrish Infrastructure Fund looking at separate sale process for fibre networks business Enet to maximise returnsWed Nov 16 2022 - 05:40
Eir dividends hit €1.73bn since Xavier Niel takeoverFrench billionaire’s companies have benefitted to tune of €858m from dividends since taking control of Eir shares in 2018 – €200m more than they paid for their 64.5% stakeTue Nov 15 2022 - 18:20
SMEs urged to act as 80% of Ulster and KBC business accounts remain openMore than 63,000 business current accounts have been opened across the remaining banks so far this yearTue Nov 15 2022 - 05:00
Irish motor insurers’ profits rise as average premiums dip only 2% in 2021Industry group suggests premiums now about a quarter below their peakTue Nov 15 2022 - 05:00
