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Tullow shares slide as ‘turnaround’ CEO plans to step down

Tullow shares slide as ‘turnaround’ CEO plans to step down

Company’s net debt peaked at $4.8 billion at end of 2016

Thu Dec 05 2024 - 14:41
Biggest Irish nursing home firms see losses mount after slew of takeovers

Biggest Irish nursing home firms see losses mount after slew of takeovers

Sector still hit by rising running and borrowing costs

Thu Dec 05 2024 - 06:00
Central Bank governor more cautious on large ECB rate cuts

Central Bank governor more cautious on large ECB rate cuts

Gabriel Makhlouf raises prospect of ‘sharp’ fall in stocks prices amid heightened technology sector valuations

Wed Dec 04 2024 - 17:01
Greencore eyes return to acquisitions trail as profits top forecast

Greencore eyes return to acquisitions trail as profits top forecast

Sandwich maker’s results top its own forecasts

Tue Dec 03 2024 - 12:43
Dublin-listed Malin’s shot in the arm from share in $1.5bn deal will hasten its demise

Dublin-listed Malin’s shot in the arm from share in $1.5bn deal will hasten its demise

It would bring an end to the rollercoaster ride investors have endured since it floated nine years ago

Sat Nov 30 2024 - 06:00
AIB agrees to 4% pay hike next year as three-year deal comes to an end

AIB agrees to 4% pay hike next year as three-year deal comes to an end

Agreement with Financial Services Union will see increase of €2,000 for lowest paid staff, bringing minimum salary to €30,000

Fri Nov 29 2024 - 10:04
Former Goodbody analyst co-founds real-estate consultancy Lauder Teacher

Former Goodbody analyst co-founds real-estate consultancy Lauder Teacher

Company eyes gap between traditional investment banks and conventional communications

Thu Nov 28 2024 - 12:22
NTMA to raise as little as €6bn next year amid strong surplus forecast

NTMA to raise as little as €6bn next year amid strong surplus forecast

Department of Finance estimates record State surplus this year of €23.7bn - 7.5% of domestic economy

Thu Nov 28 2024 - 11:08
European shares fall amid concerns over French budget

European shares fall amid concerns over French budget

Investors looking for signals on impact of incoming Trump presidency on trade, inflation and interest rates

Wed Nov 27 2024 - 18:47
Norwegian hotels investor builds 5.45% stake in Dalata

Norwegian hotels investor builds 5.45% stake in Dalata

Company declines to say if it has plans to increase its holding but denies any strategic stakebuilding

Wed Nov 27 2024 - 16:33
Arachas profits rise 30% as it continues deal-making

Arachas profits rise 30% as it continues deal-making

Company has been one the most acquisitive brokerage groups in the Republic in recent times

Wed Nov 27 2024 - 08:00
Motor-to-agri lender First Citizen slides to €11.7m loss

Motor-to-agri lender First Citizen slides to €11.7m loss

Nonbank lender struggles to pass on rising funding costs to customers

Wed Nov 27 2024 - 06:00
Facebook parent’s Irish arm pays €900m dividend as profit rises

Facebook parent’s Irish arm pays €900m dividend as profit rises

Social media giant sees turnover near €70bn

Tue Nov 26 2024 - 16:21
Digicel faces US justice department investigation over possible breaches

Digicel faces US justice department investigation over possible breaches

Mobile phones group founded by Denis O’Brien reported itself over possible violations of US Foreign Corrupt Practices Act

Tue Nov 26 2024 - 12:03
Malin soars 37% as main investment to be bought by Roche

Malin soars 37% as main investment to be bought by Roche

Overall deal for Poseida, in which Dublin-based firm has 12% stake, is worth €1.4bn

Tue Nov 26 2024 - 11:24
Housing bodies to assess removal of their borrowings from State balance sheet

Housing bodies to assess removal of their borrowings from State balance sheet

AHB sector is the most active bulk buyer of homes in the country

Tue Nov 26 2024 - 06:00
PrepayPower owner’s sales up 23% last year on price rises and more customers

PrepayPower owner’s sales up 23% last year on price rises and more customers

Turnover tops €376m for the year

Tue Nov 26 2024 - 06:00
AIB commits €20m to sustainability education and research

AIB commits €20m to sustainability education and research

Mary Robinson addresses bank’s eighth annual sustainability conference

Mon Nov 25 2024 - 07:02
Search for auto-enrolment asset managers to start within weeks

Search for auto-enrolment asset managers to start within weeks

Officials now plan flat charge on participants to run scheme which will hit lower paid people harder

Mon Nov 25 2024 - 05:33
Teneo’s Irish profits jump on restructuring unit growth and German deal

Teneo’s Irish profits jump on restructuring unit growth and German deal

Firm’s client roster includes Bank of Ireland, Circle K, British and Irish Lions rugby, Fáilte Ireland, Aer Lingus, Toyota and Dublin Zoo

Mon Nov 25 2024 - 05:00
Credit unions report 51% jump in mortgage lending in year to September

Credit unions report 51% jump in mortgage lending in year to September

Community lenders hoping Central Bank will further ease mortgage lending rules in review due to conclude next month

Mon Nov 25 2024 - 05:00
AIB moves some bad-loan risks off balance sheet to support investor payouts

AIB moves some bad-loan risks off balance sheet to support investor payouts

Significant risk transfer agreement sees institutional investors take on part of the risk of losses on €1bn of corporate loans in portfolio

Mon Nov 25 2024 - 05:00
Royal London enters fast-growing Irish PRSA market

Royal London enters fast-growing Irish PRSA market

Flexible personal pension model has been boosted by government efforts to steer business owners away from single-member schemes

Mon Nov 25 2024 - 04:59
Ireland’s corporate tax boom makes the front page of the Wall Street Journal

Ireland’s corporate tax boom makes the front page of the Wall Street Journal

Seen & Heard: Party manifesto funding ‘holes’; Daft.ie nears €300m sale; Buyer for Bord na Móna recycling operation

Sun Nov 24 2024 - 11:06
Volkswagen woes reflect wider German malaise as election nears

Volkswagen woes reflect wider German malaise as election nears

German car industry languishing amid struggle to master electric vehicles

Sat Nov 23 2024 - 06:00
Pepper operating profits fall amid €4.5m hit from undercharging error

Pepper operating profits fall amid €4.5m hit from undercharging error

Financial hit lowered operating profit almost 17% to €8.75m according to annual financial statement

Fri Nov 22 2024 - 15:18
McCanns win votes to take Balmoral private amid cries of ‘corporate greed’

McCanns win votes to take Balmoral private amid cries of ‘corporate greed’

Small shareholders face being squeezed out under deal

Thu Nov 21 2024 - 15:36
Gardaí prepare DPP file amid investigation into funds industry figure

Gardaí prepare DPP file amid investigation into funds industry figure

Person at centre of inquiry is veteran of State’s international funds sector

Thu Nov 21 2024 - 06:10
Ex-Mainstream chief’s Aer Soléir signs Greek windfarm deal with Amazon

Ex-Mainstream chief’s Aer Soléir signs Greek windfarm deal with Amazon

New purchase agreement meets Amazon commitment to net-zero carbon operations by 2040

Wed Nov 20 2024 - 10:34
Israeli embassy and Germany’s second World War mission in Dublin face receivership sale

Israeli embassy and Germany’s second World War mission in Dublin face receivership sale

Mel Sutcliffe’s Quanta Capital says receiver has been appointed to 27 property assets that it manages by lender Relm Finance

Wed Nov 20 2024 - 05:00
FBD names former Tirlán CEO as next chairman

FBD names former Tirlán CEO as next chairman

Jim Bergin to take up post next May

Tue Nov 19 2024 - 16:23
Bank of Ireland cuts all its fixed home mortgage rates by 0.5%

Bank of Ireland cuts all its fixed home mortgage rates by 0.5%

Move puts lender’s rates close to rival AIB as analysts expect European Central Bank to cut interest rates again in December

Tue Nov 19 2024 - 10:07
US investor SVP confirms deal to buy Blanchardstown Centre

US investor SVP confirms deal to buy Blanchardstown Centre

Deal is reckoned to be worth €600m

Mon Nov 18 2024 - 15:17
Big ECB rate cut in December ‘not inevitable’, warns Makhlouf

Big ECB rate cut in December ‘not inevitable’, warns Makhlouf

Central Bank governor insists he is ‘chilled’ on inflation reaching 2% target

Mon Nov 18 2024 - 11:58
DCC renounced its roots in bid to lure investors down a green path

DCC renounced its roots in bid to lure investors down a green path

CEO Donal Murphy has continued the sell-off trend, announcing plans to exit two of DCC’s remaining businesses in healthcare and technology

Sat Nov 16 2024 - 06:00
New health insurance company backed by Aviva claims it can offer ‘meaningful savings’

New health insurance company backed by Aviva claims it can offer ‘meaningful savings’

New health insurance company to go public with its offering today

Fri Nov 15 2024 - 06:00
Buswells Hotel, opposite Leinster House, may be bought by London-based property firm

Buswells Hotel, opposite Leinster House, may be bought by London-based property firm

Roundstone Real Estate understood to have secured financing from company owned by nephew of JP McManus

Fri Nov 15 2024 - 06:00
Flutter CEO signals bid interest in Italy’s main lottery licence

Flutter CEO signals bid interest in Italy’s main lottery licence

US market dominates growth for company, with revenues jumping 51%

Wed Nov 13 2024 - 15:10
Children’s Hospital builder rejects ‘ill-informed’ overruns talk as profits soar 79%

Children’s Hospital builder rejects ‘ill-informed’ overruns talk as profits soar 79%

Estimated cost of facility being built by BAM Contractors has soared to €2.2bn

Wed Nov 13 2024 - 12:47
DCC shares soar on plan to abandon conglomerate roots to focus on energy sector

DCC shares soar on plan to abandon conglomerate roots to focus on energy sector

Company plans to sell healthcare division, review options for technology business

Tue Nov 12 2024 - 07:38
Kerry Group agrees to sell dairy division to Kerry Co-op in €500m deal

Kerry Group agrees to sell dairy division to Kerry Co-op in €500m deal

Co-op will take a 70% stake in Kerry Dairy Ireland, with an. option to buy remaining share by 2030

Tue Nov 12 2024 - 07:26
Kerry Group agrees fresh dairy joint venture with Kerry Co-op

Kerry Group agrees fresh dairy joint venture with Kerry Co-op

Deal follows breakdown of joint venture talks in 2021 after disagreement over price

Mon Nov 11 2024 - 20:42
New rare disease drugs firm Oranda seeks to raise up to €35m

New rare disease drugs firm Oranda seeks to raise up to €35m

medicine to treat genetic obesity which is going through clinical trials

Mon Nov 11 2024 - 18:49
Kainos’s shares rally on £30m share buyback despite sales alerts

Kainos’s shares rally on £30m share buyback despite sales alerts

Belfast firm had warned twice in recent weeks of struggling sales

Mon Nov 11 2024 - 12:30
Bank of Ireland investors fear UK car finance cost will dwarf tracker scandal

Bank of Ireland investors fear UK car finance cost will dwarf tracker scandal

Landmark court of appeal ruling piles pressure on UK regulator to impose large compensation scheme on lenders

Sat Nov 02 2024 - 06:01
Mainstream books further €134m charge on Chile amid talk of sale

Mainstream books further €134m charge on Chile amid talk of sale

‘Material reduction’ in head office running expenses planned with redundancies likely

Fri Nov 01 2024 - 18:18
Bank of Ireland pauses new UK car finance offers after shock industry ruling

Bank of Ireland pauses new UK car finance offers after shock industry ruling

Bank’s UK car finance arm Northridge Finance pauses new lending ‘for a short period’ following court of appeals ruling relating to existence and size of commissions

Fri Nov 01 2024 - 05:56
Interpath Ireland set to post €13m of revenues in first full year of operation

Interpath Ireland set to post €13m of revenues in first full year of operation

Ken Fennell and Kieran Wallace, the founding managing partners, say the firm is currently trading profitably

Fri Nov 01 2024 - 05:53
Smurfit Westrock posts quarterly loss after $500m of merger-related costs

Smurfit Westrock posts quarterly loss after $500m of merger-related costs

Dublin-based Smurfit Westrock turned in a net loss of $150 million for the third quarter

Wed Oct 30 2024 - 11:21
Bank of Ireland shares slide on concerns over rates and UK car finance investigation

Bank of Ireland shares slide on concerns over rates and UK car finance investigation

The bank said that it will pay an interim dividend of 35c to shareholders next week

Wed Oct 30 2024 - 07:46
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