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Irish banks plot fresh wave of job cuts as low ECB rates and Brexit bite

Irish banks plot fresh wave of job cuts as low ECB rates and Brexit bite

Four of the State’s five surviving retail banks are working on a major cost-cutting drive

Fri Oct 25 2019 - 05:19
Lone Star rolls Irish land into Quintain unit as IPO ditched

Lone Star rolls Irish land into Quintain unit as IPO ditched

UK development business sets up Irish unit to deliver homes and commercial office space

Fri Oct 25 2019 - 05:05
PTSB chief Jeremy Masding to step down next year

PTSB chief Jeremy Masding to step down next year

Bank has begun process of finding new boss

Thu Oct 24 2019 - 14:12
Ulster Bank profit jumps as conduct and litigation costs drop

Ulster Bank profit jumps as conduct and litigation costs drop

Operating profit rose to £54m in first nine months of the year

Thu Oct 24 2019 - 13:56
Tracker scandal: some banks only co-operated on threat of court action

Tracker scandal: some banks only co-operated on threat of court action

Affected customers now number 40,500, with €693m paid in refunds and compensation

Thu Oct 24 2019 - 11:06
Ireland repays £1.2bn of UK rescue loans on schedule

Ireland repays £1.2bn of UK rescue loans on schedule

Outstanding principal stands at £2.01 billion

Wed Oct 23 2019 - 18:14
Nama to pick glass bottle site partner in early 2020

Nama to pick glass bottle site partner in early 2020

Ballymore Group and Ronan Group among potential partners to develop Ringsend site

Wed Oct 23 2019 - 17:58
Ship insurer Standard Club routes $140m of business through Dublin

Ship insurer Standard Club routes $140m of business through Dublin

Amount of business through Ireland equates to 45% of firm’s global premiums

Wed Oct 23 2019 - 05:14
Irish shares drop as Brexit uncertainty rattles banks

Irish shares drop as Brexit uncertainty rattles banks

FTSE and European stocks make small advance

Tue Oct 22 2019 - 18:06
Central Bank warns of early scalp for conduct breaches

Central Bank warns of early scalp for conduct breaches

Regulator seeks additional powers from Government

Tue Oct 22 2019 - 16:37
Former Elan executive Given joins Philip Lee’s corporate deals team

Former Elan executive Given joins Philip Lee’s corporate deals team

Top lawyer John Given joined Elan in 2013 just as the drugmaker was subject of takeover battle

Tue Oct 22 2019 - 05:20
€900m action against PwC expected to take place in 2020

€900m action against PwC expected to take place in 2020

Administrators look to next year for case over how PwC audited Quinn Insurance

Tue Oct 22 2019 - 05:19
Deutsche Bank appoints Mary Campbell as Ireland chief

Deutsche Bank appoints Mary Campbell as Ireland chief

Executive has held multiple roles in bank’s operations in Dublin, Frankfurt and London

Mon Oct 21 2019 - 06:14
AbbVie seeks to get around €572m Irish stamp duty levy

AbbVie seeks to get around €572m Irish stamp duty levy

Lawyers make efforts to get around surprise tax liability after Budget 2020

Mon Oct 21 2019 - 05:30
Irish pensions need urgent reform, industry specialist says

Irish pensions need urgent reform, industry specialist says

Ratio of workers to retirees set to fall sharply over next three decades

Mon Oct 21 2019 - 05:17
Market volatility expected as odds of no-deal Brexit tighten

Market volatility expected as odds of no-deal Brexit tighten

Stlerling likely to weaken as vote on EU deal yet to happen

Sun Oct 20 2019 - 14:57
Glanbia to give more detail on pay after AGM dissent

Glanbia to give more detail on pay after AGM dissent

Shareholders ‘generally supportive’ of approach to remuneration, food group says

Fri Oct 18 2019 - 19:13
Banning bets on falling share prices would be bonkers if Brexit panic sets in

Banning bets on falling share prices would be bonkers if Brexit panic sets in

Joe Brennan: short selling allows for alternative views in a market and improves its efficiency

Fri Oct 18 2019 - 18:02
Brexit: Finance Bill grants respite to SMEs on tax rules

Brexit: Finance Bill grants respite to SMEs on tax rules

Smaller companies get extra time to deal with transfer pricing rules

Thu Oct 17 2019 - 18:45
Food and hotel companies among biggest holders of bad loans in State

Food and hotel companies among biggest holders of bad loans in State

Real estate loans to SMEs topped the non-performing loans table

Thu Oct 17 2019 - 13:18
Grafton shares drop 14% on profit warning as Brexit fears hit trading

Grafton shares drop 14% on profit warning as Brexit fears hit trading

Economic uncertainty hits demand in UK and weighs on sentiment in Ireland

Thu Oct 17 2019 - 10:09
Bank of China leads bidders to acquire Goodbody

Bank of China leads bidders to acquire Goodbody

Stockbroking firm being sold by Kerry-based Fexco which owns 51% of the business

Thu Oct 17 2019 - 05:55
Irish and European values dip as investors fret on Brexit deal

Irish and European values dip as investors fret on Brexit deal

Wall Street lower but upbeat results a solid start to third-quarter earnings season

Wed Oct 16 2019 - 21:53
Eir sees earnings rise amid €350m bond sale

Eir sees earnings rise amid €350m bond sale

Moody’s estimates that sale will save Eir about €6m a year in interest costs

Wed Oct 16 2019 - 20:17
Fexco operating profit rises 9.5% as Goodbody sale talks continue

Fexco operating profit rises 9.5% as Goodbody sale talks continue

Total income up 11% to €236m at Kerry-based group

Wed Oct 16 2019 - 10:44
Central Bank to look into dual pricing ‘rip-off’ by insurers

Central Bank to look into dual pricing ‘rip-off’ by insurers

Sinn Féin TD condemns practice of charging existing customers more than new clients

Wed Oct 16 2019 - 06:47
Malin dismisses Woodford fund wind-up impact on key investments

Malin dismisses Woodford fund wind-up impact on key investments

Woodford Equity Income Fund enters liquidation over issues revealed in June

Wed Oct 16 2019 - 05:28
Ardagh faces legal battle with Saint-Gobain over $65.4m patent bill

Ardagh faces legal battle with Saint-Gobain over $65.4m patent bill

Group had to pay out to settle patent dispute involving a business it bought five years ago

Wed Oct 16 2019 - 05:27
Credit unions may have to pull €1.8bn from UK in chaotic Brexit

Credit unions may have to pull €1.8bn from UK in chaotic Brexit

Investments cannot be held in country that’s outside of EU

Tue Oct 15 2019 - 15:03
Bank of Ireland names former AIB finance executive as CFO

Bank of Ireland names former AIB finance executive as CFO

Myles O’Grady to replace Andrew Keating later this week

Tue Oct 15 2019 - 10:10
CPL boss Anne Heraty’s 25% pay rise questioned ahead of agm

CPL boss Anne Heraty’s 25% pay rise questioned ahead of agm

Salary hike to €575,000 ‘does not give a specific explanation regarding the increase’

Tue Oct 15 2019 - 05:41
Ex-Smurfit Kappa chief sues Revenue after €2.3m ‘gift’ dispute

Ex-Smurfit Kappa chief sues Revenue after €2.3m ‘gift’ dispute

Gary McGann claims payments were a gift from Smurfit’s private-equity ex-owners

Tue Oct 15 2019 - 02:15
Green Reit deal on track despite €65m tax bill shock

Green Reit deal on track despite €65m tax bill shock

Planned €1.34bn takeover of UK property firm Henderson Park moving towards conclusion

Mon Oct 14 2019 - 17:34
IDA chief appointed adjunct professor at Smurfit business school

IDA chief appointed adjunct professor at Smurfit business school

Background brings international business and national policy experience to role

Mon Oct 14 2019 - 03:28
AbbVie faces shock €572m Irish stamp duty for Allergan purchase

AbbVie faces shock €572m Irish stamp duty for Allergan purchase

Immediate target of Budget 2020 measure was Green Reit takeover

Fri Oct 11 2019 - 17:50
Botox-maker left with bitter taste after Donohoe tax crackdown

Botox-maker left with bitter taste after Donohoe tax crackdown

AbbVie’s purchase of Allergan is collateral damage as Minister targets Green Reit deal

Fri Oct 11 2019 - 17:00
AIB names Jim O’Keeffe as retail banking head

AIB names Jim O’Keeffe as retail banking head

Mary Whitelaw to become director of corporate affairs and strategy

Fri Oct 11 2019 - 15:43
UK judges reject IBRC appeal over tax ruling

UK judges reject IBRC appeal over tax ruling

Liquidators’ case rejected, with amount involved reported to be in region of £20m

Fri Oct 11 2019 - 06:14
Irish Glass Bottle site lures bids from Ballymore to Ronan Group

Irish Glass Bottle site lures bids from Ballymore to Ronan Group

Marlet Property Group, led by developer Pat Crean, also among parties to submit an offer

Fri Oct 11 2019 - 06:05
Green Reit shares hit as suitor faces surprise €65m tax bill

Green Reit shares hit as suitor faces surprise €65m tax bill

Henderson Park faces €13.4 million stamp duty bill after deal goes through

Thu Oct 10 2019 - 20:45
NTMA scraps last 2018 bond auction as green deal tops target

NTMA scraps last 2018 bond auction as green deal tops target

Agency settled on €2bn issue, having initially targeted between €1bn and €1.5bn

Thu Oct 10 2019 - 13:41
Vulture funds loaded IREFs with 90% debt to sidestep withholding tax

Vulture funds loaded IREFs with 90% debt to sidestep withholding tax

Imposition of 50 per cent debt limit in budget aimed at halting ‘aggressive’ tax avoidance

Thu Oct 10 2019 - 05:15
NTMA to sell up to €1.5bn of ‘green bonds’

NTMA to sell up to €1.5bn of ‘green bonds’

State’s debt management agency hires banks and securities firms to manage debt sale

Wed Oct 09 2019 - 11:36
UK funds firm Merian hires for Dublin office before Brexit

UK funds firm Merian hires for Dublin office before Brexit

New unit opening in two weeks’ time to be headed by Paul Nunan

Wed Oct 09 2019 - 10:19
Government extends overseas executive tax relief until 2022

Government extends overseas executive tax relief until 2022

Report concludes that economic benefit of scheme continues to outweigh its cost

Tue Oct 08 2019 - 19:36
European shares drop on heightened Brexit and US-China trade concerns

European shares drop on heightened Brexit and US-China trade concerns

Markets report: Aryzta, BoI and PTSB fall but Malin bucks the trend on ISEQ to add 4.8%

Tue Oct 08 2019 - 18:46
Green Reit’s suitor hit as Donohoe closes tax loopholes

Green Reit’s suitor hit as Donohoe closes tax loopholes

Budget 2020: Minister takes aim at ‘aggressive’ tax avoidance in property funds

Tue Oct 08 2019 - 17:53
Ulster Bank to sell €800m of mortgages to CarVal

Ulster Bank to sell €800m of mortgages to CarVal

The portfolio includes 2,800 owner-occupier loans with a face value of €715m

Tue Oct 08 2019 - 16:01
Czech firm’s Tynagh Energy 80% stake purchase approved

Czech firm’s Tynagh Energy 80% stake purchase approved

Tynagh Energy founder Bran Keogh’s Mountainside Partners vehicle will continue to hold 20 per cent

Tue Oct 08 2019 - 12:52
US hedge fund snaps up Woodfords’ Malin stake

US hedge fund snaps up Woodfords’ Malin stake

Pentwater bought shares at 60% discount to Malin’s ‘intrinsic value’

Tue Oct 08 2019 - 10:46
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