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Tullow Oil shares spike as $500m Uganda proceeds due ‘within days’

Tullow Oil shares spike as $500m Uganda proceeds due ‘within days’

Sale of Tullow’s stake in the project is a crucial part of its debt-reduction strategy

Wed Oct 21 2020 - 12:39
Aryzta board divided as Elliott takeover talks drag

Aryzta board divided as Elliott takeover talks drag

Baking company has been approached by almost 20 parties interested in business

Wed Oct 21 2020 - 05:00
Ulster Bank to meet Paschal Donohoe to discuss bank’s future

Ulster Bank to meet Paschal Donohoe to discuss bank’s future

Parent company NatWest is considering winding business down

Tue Oct 20 2020 - 18:56
‘Tailored’ loan relief better than blanket breaks as Level 5 looms – Central Bank

‘Tailored’ loan relief better than blanket breaks as Level 5 looms – Central Bank

Struggling borrowers should be offered payment breaks on case-by-case basis

Tue Oct 20 2020 - 18:26
KBC Ireland turns down WRC meeting over hub closures

KBC Ireland turns down WRC meeting over hub closures

Union sought intervention as it failed in trying to get bank to engage with it

Tue Oct 20 2020 - 16:01
Bank of America names new head of EU hub as Brexit looms

Bank of America names new head of EU hub as Brexit looms

Fernando Vicario will move to Dublin and also become chief country officer for Ireland

Tue Oct 20 2020 - 15:15
Central Bank finds litany of shortcomings in fund firms

Central Bank finds litany of shortcomings in fund firms

Regulator is demanding immediate action

Tue Oct 20 2020 - 12:53
Banks urge borrowers facing hit from new restrictions to engage

Banks urge borrowers facing hit from new restrictions to engage

Lenders no longer offering general payment breaks but treating customers on case-by-case basis

Mon Oct 19 2020 - 20:54
Ex-Origin Enterprises CEO O’Mahony receives €1m exit payment

Ex-Origin Enterprises CEO O’Mahony receives €1m exit payment

Pay package fell to €526,000 in final 11 months with business

Mon Oct 19 2020 - 18:56
Wall Street’s ‘meh’ feeling towards Biden doesn’t extend to green-energy stocks

Wall Street’s ‘meh’ feeling towards Biden doesn’t extend to green-energy stocks

ESG investing has grown from a niche area to a $30tn market since financial crisis

Fri Oct 16 2020 - 15:18
Cerberus eyes Ulster Bank’s €20.5bn loan book in the Republic

Cerberus eyes Ulster Bank’s €20.5bn loan book in the Republic

Lender’s UK parent NatWest said to be actively considering exiting the market

Fri Oct 16 2020 - 11:10
AA Ireland’s new owner taps Liberty executive for CEO

AA Ireland’s new owner taps Liberty executive for CEO

Current AA Ireland chief executive Brendan Nevin will remain at the helm for a transition period

Fri Oct 16 2020 - 04:27
Financial Services Union mounts campaign to ‘save’ Ulster Bank

Financial Services Union mounts campaign to ‘save’ Ulster Bank

Wind-down of the business being considered as part of a strategic review

Thu Oct 15 2020 - 16:15
Irish borrowers secured second-highest payment breaks in Europe

Irish borrowers secured second-highest payment breaks in Europe

Over 13% of Irish loans to households and businesses were subject to payment freezes

Thu Oct 15 2020 - 10:26
Legislation for affordable housing due ‘within weeks’

Legislation for affordable housing due ‘within weeks’

First homes under scheme to be available for purchase next year, says Minister

Wed Oct 14 2020 - 23:26
Firms run by ‘demanding from top down’ more likely to fail, says ex-Wirecard CEO

Firms run by ‘demanding from top down’ more likely to fail, says ex-Wirecard CEO

Former US official who took over at e-payments giant urges businesses to be open

Wed Oct 14 2020 - 15:39
Mainstream sees its assets grow 37% ahead of sale

Mainstream sees its assets grow 37% ahead of sale

Power company has hired investment bank Rothschild to find equity partner to help finance the development of its projects

Wed Oct 14 2020 - 05:00
Bank stocks fall amid Covid-19, Brexit and ECB stimulus fears

Bank stocks fall amid Covid-19, Brexit and ECB stimulus fears

Johnson & Johnson down as vaccine trials paused due to illness in one participant

Tue Oct 13 2020 - 19:29
FBD vows to hold more capital amid Covid-19 risks to business

FBD vows to hold more capital amid Covid-19 risks to business

Insurer currently in legal battle with group of pubs over business interruption claims

Tue Oct 13 2020 - 17:38
Government plans equity fund for ‘high innovation’ firms

Government plans equity fund for ‘high innovation’ firms

Budget 2021: Sector needs a range of supports to recover from pandemic hit, says Paschal Donohoe

Tue Oct 13 2020 - 16:19
Malin on track to return €250m to shareholders – Davy

Malin on track to return €250m to shareholders – Davy

Cash return by Dublin-listed life sciences investment firm eclipses current market value

Tue Oct 13 2020 - 14:10
Deirdre Somers joins board of UK-based stock exchange Aquis

Deirdre Somers joins board of UK-based stock exchange Aquis

Somers led the Irish Stock Exchange between 2007 and 2018, when she completed the sale of the business to Euronext

Mon Oct 12 2020 - 17:05
Irish-based Mallinckrodt files for bankruptcy protection

Irish-based Mallinckrodt files for bankruptcy protection

Lawsuits in US claim company profited from country’s opioid epidemic

Mon Oct 12 2020 - 16:39
Bank of Ireland executive Sean Crowe to leave at end of year

Bank of Ireland executive Sean Crowe to leave at end of year

Crowe (53) joined Bank of Ireland in 1993 as a financial markets trader

Mon Oct 12 2020 - 16:10
AIB changes ‘Ts & Cs’ to allow it charge micro-businesses negative rates

AIB changes ‘Ts & Cs’ to allow it charge micro-businesses negative rates

Wealthy individuals also to be charged for privilege of saving with bank for first time

Mon Oct 12 2020 - 12:06
Civil rights group urges EU to limit UK data moves after Brexit

Civil rights group urges EU to limit UK data moves after Brexit

UK lacks effective authority to enforce compliance with data protection law, ICCL says

Mon Oct 12 2020 - 08:00
Construction should be ‘essential’ if country moved to Level 4, says CIF

Construction should be ‘essential’ if country moved to Level 4, says CIF

Shutting industry would hit delivery of housing and infrastructure, lobby group claims

Mon Oct 12 2020 - 05:13
AIB eyes cost cuts as €200m savings needed to reach profit targets

AIB eyes cost cuts as €200m savings needed to reach profit targets

Bank reconsidering office spaces in Dublin in addition to 1,500 job cuts

Mon Oct 12 2020 - 05:00
INBS inquiry to resume final phase after Covid hiatus

INBS inquiry to resume final phase after Covid hiatus

Evidence dealing with ‘confidential borrower information’ will be heard in private session

Mon Oct 12 2020 - 04:02
Irish construction nears stabilisation after Covid-19 hit

Irish construction nears stabilisation after Covid-19 hit

150,000 construction workers are operating on 1,100 sites, according to the CIF

Mon Oct 12 2020 - 01:31
One-third of Irish publicans see risk of permanent closure

One-third of Irish publicans see risk of permanent closure

One-fifth of pubs paying out up to €2,000 to keep businesses going while closed

Mon Oct 12 2020 - 01:00
Aryzta’s new chairman has five weeks to come up with a plan

Aryzta’s new chairman has five weeks to come up with a plan

Centre of power of beseiged Swiss-Irish bread-maker shifted from Dublin to Zurich

Fri Oct 09 2020 - 14:21
Borrowers return to normal loan repayments after Covid breaks

Borrowers return to normal loan repayments after Covid breaks

Agenda: ‘Unemployment is a lagging indicator in any recession because businesses will hang on for as long as they can before failing’

Fri Oct 09 2020 - 07:30
Iseq reaches highest level since February amid US stimulus hopes

Iseq reaches highest level since February amid US stimulus hopes

UK shares rise on post-Brexit trade deal optimism

Thu Oct 08 2020 - 18:53
State to raise over €50m selling most of Greencoat Renewables stake

State to raise over €50m selling most of Greencoat Renewables stake

Ireland Strategic Investment Funds will retain a 4.8% interest in wind energy investor

Thu Oct 08 2020 - 17:34
Banking Culture Board warns banks on Covid policies

Banking Culture Board warns banks on Covid policies

Body says rebuilding trust after scandals will depend how vulnerable customers are treated

Thu Oct 08 2020 - 15:27
Tullow to reveal debt-cutting plan next month after cash warning

Tullow to reveal debt-cutting plan next month after cash warning

Analysts expect further asset sales and refinancing

Wed Oct 07 2020 - 09:58
Up to 15% of borrowers on payment breaks may need further relief, says PTSB

Up to 15% of borrowers on payment breaks may need further relief, says PTSB

Less than half of the 13,000 three-month pandemic breaks need to be extended

Wed Oct 07 2020 - 01:00
AIB considers charging wealthy customers for holding their money

AIB considers charging wealthy customers for holding their money

Bank is grappling with low rates and rising household savings

Tue Oct 06 2020 - 18:02
Bidders eye parts of Aryzta as ‘all strategic options’ on table after €1.1bn loss

Bidders eye parts of Aryzta as ‘all strategic options’ on table after €1.1bn loss

CEO Kevin Toland’s pay package falls more than 50% to €2 million

Tue Oct 06 2020 - 15:58
AIG names Aidan Connaughton as new Irish head

AIG names Aidan Connaughton as new Irish head

Incoming general manger with insurer for over 30 years

Fri Oct 02 2020 - 17:11
LVMH’s refusal to put a ring on Tiffany fails to dent merger flurry

LVMH’s refusal to put a ring on Tiffany fails to dent merger flurry

Market Beat: With M&A activity busy, competition authorities need to be on their toes

Fri Oct 02 2020 - 16:25
McGuinness faces Brexit and Covid grilling at parliamentary hearing

McGuinness faces Brexit and Covid grilling at parliamentary hearing

Commissioner designate’s suitability for financial services role to come under scrutiny

Thu Oct 01 2020 - 19:21
AA Ireland bought by Olivier Sarkozy-led fund for more than €240m

AA Ireland bought by Olivier Sarkozy-led fund for more than €240m

Roadside assistance firm ‘will continue to operate as an Irish-based company’ says CEO

Thu Oct 01 2020 - 16:18
Irish SMEs face up to €11.7bn revenue shortfall amid Covid, warns Central Bank

Irish SMEs face up to €11.7bn revenue shortfall amid Covid, warns Central Bank

Report suggests State could give SMEs equity-like grants that may offer some return

Thu Oct 01 2020 - 16:06
NTMA plans to sell bonds next week

NTMA plans to sell bonds next week

Agency has raised €21.3 billion in international markets this year

Thu Oct 01 2020 - 11:09
Dublin-listed firms face deadline to keep shares trading post-Brexit

Dublin-listed firms face deadline to keep shares trading post-Brexit

Less than five months for meetings, paperwork to ensure that trading can continue

Thu Oct 01 2020 - 05:34
Apple’s Irish tax account takes €37m interest rates hit

Apple’s Irish tax account takes €37m interest rates hit

Account set up by State to hold €14.3bn of alleged back taxes suffers due to ultra-low rates

Wed Sept 30 2020 - 19:13
Leslie Buckley retires from Digicel board

Leslie Buckley retires from Digicel board

Denis O’Brien associate was founding director of telecoms group

Wed Sept 30 2020 - 17:25
IAIM saw lobbying as key to CEO role taken by D'Arcy

IAIM saw lobbying as key to CEO role taken by D'Arcy

Ex-minister did not inform ethics watchdog of move to association of investment managers

Wed Sept 30 2020 - 10:01
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