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Energia pays €40m dividend as generation arms offset retail losses

Energia pays €40m dividend as generation arms offset retail losses

Group has hiked tariffs for customers a number of times in the past year amid spiralling wholesale prices

Mon Jul 18 2022 - 05:46
Irish officials expect hearings on Apple tax appeal in autumn

Irish officials expect hearings on Apple tax appeal in autumn

Value of the escrow account holding the disputed tax has fallen to €13.6 billion from €14.3 billion

Mon Jul 18 2022 - 05:18
Only one-fifth of Irish job postings offer ability to work from home

Only one-fifth of Irish job postings offer ability to work from home

Data on flexible working in Ireland shows it is higher than in other economies but, according to Eurostat, only mirrors pre-Covid levels

Mon Jul 18 2022 - 05:00
Paddy Power to cut outlets as punters move online

Paddy Power to cut outlets as punters move online

Seen & heard: Debenhams stores on the block; EU to order gas use cut; Dutch buy into Irish electrics group

Sun Jul 17 2022 - 10:44
Ardagh awarded $84m in settlement of case with Saint-Gobain

Ardagh awarded $84m in settlement of case with Saint-Gobain

Arbitration award relates to a US patent dispute

Fri Jul 15 2022 - 20:02
Mario Draghi’s latest crisis may help your mortgage. But at what cost?

Mario Draghi’s latest crisis may help your mortgage. But at what cost?

A decade after saving the euro, the Italian prime minister must be fearing a fresh debt disaster

Fri Jul 15 2022 - 16:09
NatWest considered Ulster Bank wind-down from at least March 2019

NatWest considered Ulster Bank wind-down from at least March 2019

Minutes from RBS board meeting show parent dissatisfied with Ulster’s profit returns

Fri Jul 15 2022 - 13:59
This time it’s personal: Government hopes banker accountability Bill will end culture of impunity

This time it’s personal: Government hopes banker accountability Bill will end culture of impunity

Incoming rules to make it easier for regulators to go after individual bankers are sure to revive debate on pay

Fri Jul 15 2022 - 05:16
European shares fall on recession fears and Italian political crisis

European shares fall on recession fears and Italian political crisis

Pan-European Stoxx 600 finishes 1.5% lower as investors bet on bigger US Fed rate hike to tackle inflation

Thu Jul 14 2022 - 19:47
Digicel completes $1.6 billion Pacific unit sale

Digicel completes $1.6 billion Pacific unit sale

Deal closes as Digicel enters arbitration over a disputed $100 million ‘exit tax’ in Papua New Guinea

Thu Jul 14 2022 - 08:40
Merger-bound Tullow sees ‘significant upside’ to key oilfield

Merger-bound Tullow sees ‘significant upside’ to key oilfield

Irish-founded oil group announced last month that it plans to merge with Capricorn Energy in €1.66 billion deal

Wed Jul 13 2022 - 08:17
London energy broker Arraco sets up EU hub in Dublin

London energy broker Arraco sets up EU hub in Dublin

Arrival underlines the capital’s growing prominence as international hub for financial services

Tue Jul 12 2022 - 15:34
Mainstream Renewable to merge with Norwegian sister offshore wind group

Mainstream Renewable to merge with Norwegian sister offshore wind group

Combined group will have renewables portfolio equivalent to over five times Ireland’s peak power requirements

Tue Jul 12 2022 - 11:02
Banks still not trusted by the public, according to survey

Banks still not trusted by the public, according to survey

Irish Banking Culture Board survey shows slight improvement in view of integrity amid latest mortgage tracker fines

Mon Jul 11 2022 - 05:10
Deloitte seeks new Dublin office space with more room

Deloitte seeks new Dublin office space with more room

Professional services company says hybrid working is here to stay

Sat Jul 09 2022 - 06:00
European shares rally after hitting session lows

European shares rally after hitting session lows

Bumper US jobs data may prompt big Fed rate hike

Fri Jul 08 2022 - 19:05
Doomed Boris leaves Flutter shares in limbo as UK gambling review gathers dust

Doomed Boris leaves Flutter shares in limbo as UK gambling review gathers dust

Market Beat: Company is trying to convince the authorities and investors alike that it can be relied upon to do the right thing

Fri Jul 08 2022 - 16:37
IMF says State needs to do more on housing and shadow banking

IMF says State needs to do more on housing and shadow banking

Overall Irish growth outlook seen as positive despite global headwinds

Thu Jul 07 2022 - 20:42
Council of Europe Development Bank to decide in Dublin on easing Ukraine membership

Council of Europe Development Bank to decide in Dublin on easing Ukraine membership

Institution focuses on providing supports to 22 European countries

Thu Jul 07 2022 - 19:36
Ulster Bank to pay further 4% pay hike to lower-paid staff

Ulster Bank to pay further 4% pay hike to lower-paid staff

Move in line with pay increase across NatWest Group

Thu Jul 07 2022 - 17:23
Irish plcs among worst placed in EU to meet ‘women on boards’ directive

Irish plcs among worst placed in EU to meet ‘women on boards’ directive

Planned rules require 40% of non-executive board positions to be filled by women

Thu Jul 07 2022 - 13:54
Irish Apple Escrow Fund shrinks amid negative rates and tax paid elsewhere

Irish Apple Escrow Fund shrinks amid negative rates and tax paid elsewhere

The State set up the account in 2018 to hold €14.3 billion of alleged back-taxes and interest that the EU ordered it to collect from Apple, even as the matter was under appeal

Thu Jul 07 2022 - 13:12
Cash pile of €30bn will cushion State amid rising market rates, says NTMA

Cash pile of €30bn will cushion State amid rising market rates, says NTMA

Cash also expected to shield Government’s finances in the event of a drop in corporate taxes or economic slowdown

Thu Jul 07 2022 - 09:20
Mitsubishi buys remaining stake in Irish energy trader ElectroRoute

Mitsubishi buys remaining stake in Irish energy trader ElectroRoute

Japanese giant first invested in Donegal-registered business six years ago

Thu Jul 07 2022 - 05:00
Finance Ireland ditches IPO prospect as M&G buys into lender

Finance Ireland ditches IPO prospect as M&G buys into lender

Finance Ireland’s new lending passed €1 billion for the first time last year

Wed Jul 06 2022 - 12:05
Investment bank Numis opens Dublin office after securing licence

Investment bank Numis opens Dublin office after securing licence

European office ‘will provide greater flexibility and capability to target opportunities across the EU’

Wed Jul 06 2022 - 08:00
HealthBeacon issues sales warning amid delays in chip supplies

HealthBeacon issues sales warning amid delays in chip supplies

Chief executive says company well positioned for growth in 2023 and beyond despite short-term challenges

Wed Jul 06 2022 - 07:39
Jersey-based funds specialist Ocorian eyes Irish growth with new licences

Jersey-based funds specialist Ocorian eyes Irish growth with new licences

Firm currently employs about 40 people in Ireland

Wed Jul 06 2022 - 06:00
Digicel expects $1.6bn Pacific unit sale within weeks as shock tax goes to arbitration

Digicel expects $1.6bn Pacific unit sale within weeks as shock tax goes to arbitration

Denis O’Brien-owned firm’s full-year service revenues rose 4% to $2.2bn, as earnings grew at same pace

Wed Jul 06 2022 - 05:45
More than 222,000 new current account openings ahead of Ulster Bank and KBC exit

More than 222,000 new current account openings ahead of Ulster Bank and KBC exit

Spike in activity ahead of Ulster and KBC exits from market

Tue Jul 05 2022 - 05:10
Insurance broker Lockton agrees third deal of 2022

Insurance broker Lockton agrees third deal of 2022

Company is moving into employee benefits space

Tue Jul 05 2022 - 05:00
Providence names Scottish-based oil veteran as interim CEO

Providence names Scottish-based oil veteran as interim CEO

Alan Curran joins explorer as its Barryroe oil and gas prospect off the coast of Cork remains in limbo

Mon Jul 04 2022 - 09:58
NTMA names Dave McEvoy director of funding and debt management

NTMA names Dave McEvoy director of funding and debt management

Agency has so far raised €5.75 billion on the international bond markets in 2022

Fri Jul 01 2022 - 15:50
Larry Goodman eyes Providence success but Eamon Ryan is stalling

Larry Goodman eyes Providence success but Eamon Ryan is stalling

Market Beat: Businessman has raised his holding in Barryroe-owner Providence to 16.1%

Fri Jul 01 2022 - 13:52
Irish-led Spac’s planned $1.74bn deal abandoned amid market turmoil

Irish-led Spac’s planned $1.74bn deal abandoned amid market turmoil

Collapse of merger could result in wind-up of ‘blank cheque’ company, rendering founder shares worthless

Fri Jul 01 2022 - 08:05
Irish home price growth set to slip to 4% over next year

Irish home price growth set to slip to 4% over next year

Projected fall set to follow sharp rise after worst of coronavirus pandemic, notes survey of estate agents

Fri Jul 01 2022 - 05:00
Irish manufacturing output falls as input costs soar

Irish manufacturing output falls as input costs soar

Job creation and a rise in inventories prevent outright contraction in sector, according to AIB’s latest PMI

Fri Jul 01 2022 - 05:00
European shares suffer worst quarter since onset of pandemic

European shares suffer worst quarter since onset of pandemic

Banks out of sorts across the day in Dublin

Thu Jun 30 2022 - 18:29
Irish banks’ Revolut rival app to be run on Italian technology

Irish banks’ Revolut rival app to be run on Italian technology

Synch Payments has signed an agreement with Milan-based Nexi

Thu Jun 30 2022 - 12:46
EU accepts Insurance Ireland commitments and closes cartel investigation

EU accepts Insurance Ireland commitments and closes cartel investigation

Industry group commits to giving outside companies fair access to a claims database it administers

Thu Jun 30 2022 - 12:26
Larry Goodman increases Providence stake to 16.1% as key oil project remains in limbo

Larry Goodman increases Providence stake to 16.1% as key oil project remains in limbo

Businessman doubles his interest in oil and gas explorer over past week

Thu Jun 30 2022 - 08:59
Arachas to buy Stuart Insurances as broker deals accelerate

Arachas to buy Stuart Insurances as broker deals accelerate

Purchase is latest move in major ongoing consolidation of the brokerage sector

Thu Jun 30 2022 - 05:15
Irish banks to report monthly account openings as Ulster Bank and KBC retreat

Irish banks to report monthly account openings as Ulster Bank and KBC retreat

Some 1m current and deposit accounts will need to find new banking providers

Wed Jun 29 2022 - 14:19
Banks keep mortgage rates ‘under review’, as Donohoe criticises price-cap Bill

Banks keep mortgage rates ‘under review’, as Donohoe criticises price-cap Bill

AIB and Bank of Ireland decline to shine light on mortgage pricing plans

Wed Jun 29 2022 - 11:49
Russian bonds in default were listed and prospectus-approved in Dublin

Russian bonds in default were listed and prospectus-approved in Dublin

Investors were warned on impact of ‘continued geopolitical tensions, particularly if they were to result in additional sanctions’

Wed Jun 29 2022 - 05:15
Nama transfers to exchequer reach €3.25bn

Nama transfers to exchequer reach €3.25bn

Agency plans to transfer further €250m by end of this year

Tue Jun 28 2022 - 16:41
Ulster Bank to move car and home insurance renewal rights to Aviva Direct

Ulster Bank to move car and home insurance renewal rights to Aviva Direct

‘Customers do not need to take any action,’ says bank as it continues to plan for withdrawal from Irish market

Tue Jun 28 2022 - 11:56
Department of Finance defends selling 5% AIB stake at deep discount on IPO price

Department of Finance defends selling 5% AIB stake at deep discount on IPO price

The shares on offer were priced at €2.28 each, representing a 6.5 per cent discount on Monday’s closing price

Tue Jun 28 2022 - 07:37
Insulation giant Kingspan left exposed to the elements — and rare market backlash

Insulation giant Kingspan left exposed to the elements — and rare market backlash

Analysts debate whether profit warning points to sector-wide issues or to weakness in non-residential construction

Fri Jun 24 2022 - 13:30
Tracker mortgage scandal: Irish banks’ bill for fines and compensation tops €1bn

Tracker mortgage scandal: Irish banks’ bill for fines and compensation tops €1bn

Minister set to bring proposals to Cabinet for law to make it easier to hold senior bankers to account

Thu Jun 23 2022 - 23:55
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