Intel’s $11bn Irish factory deal underpins 6,500 jobs as it seeks to regain mojoCompany has been struggling to play catch-up in AI chips arms race currently led by NvidiaWed Jun 05 2024 - 12:42
Central Bank to set up ‘sandbox’ programme for fintechs to test new productsRegulator does not plan to offer firms any derogations or waivers from regulatory requirementsTue Jun 04 2024 - 14:04
After 25 years, Intel’s Dow days look numbered. Nvidia is the top dog in AI raceIntel’s shares have lost more than half their value in recent yearsSat Jun 01 2024 - 06:00
Office downturn hits Central Bank as campus building sheds €157m in valueFactors including the end of super profits at the bank have helped push it to a €132.1 million loss, according to its latest annual reportThu May 30 2024 - 11:01
Irish mortgages start-up Nua to go live with initial brokers within weeksNon-bank lenders have begun to emerge as a competitive force this year as their funding costs have easedThu May 30 2024 - 06:00
Most restaurants say VAT hike biggest threat to sector as insolvencies riseInsolvencies more than double in first three months of 2024Thu May 30 2024 - 06:00
Corre raises total €2.76m in cash call as talks with ‘strategic’ investors continueGreen energy slump contributes to 85% decline in shares over 12 monthsWed May 29 2024 - 07:51
City of London’s top official says financial hub ready for ‘pro-business’ Labour PartyChris Hayward recently began lobbying to set up a body like the IDA in the UKWed May 29 2024 - 06:15
Central Bank posts €132m loss for last year as era of super profits endsSlump into loss-making territory was foreseen for some time, says Minister for Finance Michael McGrathTue May 28 2024 - 20:46
Credit union regulators should allow ‘prudent’ lending increase - reviewReport comes as credit unions look to increase lending to take on established banksTue May 28 2024 - 17:46
Corre Energy starts share sale to top up €2.12m raised from large investorsMove gives existing investors the chance to avoid having their stakes diluted by a placing last weekTue May 28 2024 - 07:41
ECB rate cut next week will not be ‘victory declaration’ on inflation, Lane saysECB chief economist Philip Lane brushes off fears that loosening euro-zone monetary policy before US Fed could backfireMon May 27 2024 - 16:23
Government should incentivise staff accommodation development – KPMGNumber of businesses have started providing homes for their workers amid shortageMon May 27 2024 - 16:22
Mainstream secures permit to assess 500MW onshore wind farm in Australia Second major project in Australia unveiled this month as group tries to move on from Chile woesMon May 27 2024 - 05:00
Incoming Davy CEO to sit above New Ireland headAppointment likely to come from wider Bank of Ireland group or further afield rather than from internal Davy candidatesMon May 27 2024 - 05:00
Axa Ireland pays €270m in dividends to French parent since pandemicInsurer returns to profit on insurance business as motor premiums rise but investments continue to deliver lion’s share of earningsMon May 27 2024 - 05:00
Ibec warns against giveaway budget before electionTaoiseach expected to reiterate Government pledges for tax cuts and welfare increases at National Economic Dialogue in DublinMon May 27 2024 - 05:00
Pfizer’s Irish tax affairs under US senate committee spotlightHomebuilder Cairn buys Dublin site, Blanchardstown SC debt deal; CRH invests in Ukraine and Citigroup staff uneaseSun May 26 2024 - 10:44
Building apartments for sale becoming less viable as costs rise, pre-Budget papers showResearch suggests State unlikely ever to be more than minority provider of development capital for homesSat May 25 2024 - 06:00
Greencore still mired in ‘lost decade’ even as first-half results drive stock up 20%Post-Covid management team trying to turn business around, addressing loss-making facilities and need for investmentSat May 25 2024 - 05:00
European shares close flat as investors rein in hopes for ECB rate cutsSuccessful quarterly earnings at US chipmaker Nvidia have boosted technology shares on global marketsThu May 23 2024 - 18:21
Outgoing Bank of Ireland chairman takes fresh aim at bonus cap Investors told the group plans to invest ‘in the region of €2 billion future proofing’ the business over the next four years, by chief executiveThu May 23 2024 - 15:03
AIB puts The Square in Tallaght into receivership after sale stalledOwners of independently owned units will not be impacted by processThu May 23 2024 - 14:51
Corre raises €2.1m of short-term cash from founders and long-term investorFirm says talks continuing with parties interested in making a ‘strategic investment’ in the businessThu May 23 2024 - 08:55
Irish consumer mood slips for fourth month in a rowFive previous occasions in 28-year history of data in which confidence has weakened for four successive monthsThu May 23 2024 - 06:00
Evelyn Partners hires investments veteran Brian Weber for senior roleEvelyn Partners Investment Management (Europe) Limited is the group’s hub for providing services to clients in Ireland and other EU countriesWed May 22 2024 - 10:25
ICS Mortgages to cut rates and lend up to age 80 in bid to rebuild market shareFirm had pulled back from lending as ECB interest rates soaredWed May 22 2024 - 07:00
US owner hires banks to run €2.75bn Energia saleI Squared Capital seeking to offload Irish utility eight years after purchaseWed May 22 2024 - 06:00
ECB holds ‘retreat’ in Kilkenny before expected June rate cutGoverning council members are expected to unofficially discuss the future pace of rate cutsTue May 21 2024 - 10:57
Corre may tap investors for short-term cash as third-party talks continueIrish-run but Dutch-based business reveals it had €1m cash at the end of last year, down from €3.4m a year earlierTue May 21 2024 - 08:07
Irish FTSE giant DCC fails to get credit for green shift as other parts of group drag‘If you invested £100,000 30 years ago in DCC when we floated, you’d have £6.4 million in your back pocket today,’ says chief executive Donal MurphySat May 18 2024 - 07:30
European shares dip amid concerns over pace of ECB rate cutsOn the Iseq banking stocks were largely higher, with AIB gainingFri May 17 2024 - 18:11
Irish homeowners have €39bn underinsurance problem – AvivaAbout 60% have failed to increase level of coverage to keep pace with sharp rise in house rebuilding costsFri May 17 2024 - 06:00
Aviva Insurance Ireland CEO: ‘There is still a huge incentive for solicitors to push for litigation’Declan O’Rourke on re-entering health insurance, and how he ended up in the top jobFri May 17 2024 - 06:00
PTSB cuts mortgage rates for new and existing customersThree-year fixed rate for new and existing customers will fall by more than 1.05 percentage pointsWed May 15 2024 - 18:29
Bank of Ireland to wind down €2bn British corporate lending businessForty jobs at risk in bank’s latest retrenchment in increasingly profitable UK marketWed May 15 2024 - 05:00
DCC shares slip as earnings miss takes shine off green transitionMore than a third of group’s profits now come from businesses such as biofuels, solar panels and heat pumpsTue May 14 2024 - 08:35
Ires deal to silence activist won’t save it from tough questions at next week’s agmIres Reit has managed to temporarily muzzle activist Canadian fund Vision Capital that has waged a sell-up campaign since last April - but that won’t quieten the voices stirred by its crusadeSat May 04 2024 - 06:00
Insurance reform: bringing stability and lower costs to contentious claims process Injuries Resolution Board boss expects Supreme Court clearance of guidelines for personal injury awards to reduce incentive to litigateFri May 03 2024 - 05:05
Hostelworld chairman Michael Cawley to step down after nine yearsHostel-booking group plans to repay remaining €7.5m balance on a AIB loan by end of June, two years ahead of scheduleThu May 02 2024 - 10:38
Smurfit Kappa sees cardboard box demand recover as WestRock merger on track for JulyDemand for cardboard boxes had slumped following a pandemic-fuelled spike in demand for durable goodsThu May 02 2024 - 07:42
AIB mortgage share rises leaving top two banks with more than 75% of marketDeposit customers continue to be slow at moving money from low-rate on-demand accounts to higher-yielding savings products, bank saysThu May 02 2024 - 07:20
Post-Brexit EU hub Numis set-up in Dublin to be wound down after Deutsche takeoverIt is understood that most staff are being offered an opportunity to be redeployedThu May 02 2024 - 06:15
UK shares fall ahead of Fed decision as Irish and most European markets closedMarkets digesting that rate cuts could be lower and slower than anticipated in USWed May 01 2024 - 18:44
Mainstream eyes multibillion euro Australian project as losses narrowDublin-based renewables firm and three partners awarded feasability licenceWed May 01 2024 - 11:12
Irish-based bank with most loans to Russian clients cuts exposure by 80%Dublin-based Intesa Sanpaulo unit slashes size of Russia businessWed May 01 2024 - 06:00
Bank of Ireland raises interest income forecast as it expects slower pace of rate cuts from ECB The bank’s market share of new mortgage lending was 40 per cent for the first two months of the yearTue Apr 30 2024 - 07:50
Irish executives with pension funds at €2m limit to be caught by auto-enrolmentAnything above so-called standard fund threshold is taxed at 40%Tue Apr 30 2024 - 06:00
Central Bank improves resilience of Irish-listed UK funds that sparked crisis in 2022The funds at the centre of the move are called liability-driven investment funds. While they are typically managed from London, many of them are listed in Dublin and LuxembourgMon Apr 29 2024 - 18:12
European Green Transition takes option on copper remnants from Cypriot mineIrish entrepreneur Cathal Friel orchestrated the flotation of company earlier this monthMon Apr 29 2024 - 08:34
