Waterford Wedgwood gives up on bid to raise €74.1mTROUBLED LUXURY goods firm Waterford Wedgwood has conceded failure in its effort to raise the additional €74Tue Nov 18 2008 - 00:00
Kingspan warns operating profit will drop one-third this yearBUILDING MATERIALS and insulation company Kingspan has warned its operating profit will drop by one-third this year as a result…Tue Nov 18 2008 - 00:00
Aldi to open 35 new stores as part of €350m expansion planDISCOUNT SUPERMARKET chain Aldi is on track to make sales of €500 million this year, 20 per cent more than in 2007.Thu Nov 13 2008 - 00:00
Aer Lingus says it faces losses of €20m this yearAER LINGUS has told the market that it will continue to incur losses next year after stating that its operating loss in the current…Wed Nov 12 2008 - 00:00
Conrad hotel operator warns of 'difficult' conditionsTHE OPERATOR of the Conrad hotel in central Dublin, part-owned by developer Bernard McNamara, has warned of "difficult" market…Wed Nov 12 2008 - 00:00
DCC warns sterling may hit profit riseINDUSTRIAL HOLDING company DCC has warned that the weakness of sterling, in which 60 per cent of its earnings are denominated…Tue Nov 11 2008 - 00:00
No State nominee indemnityTHE DEPARTMENT of Finance has said it sees no need for the Government to indemnify State appointees to the boards of financial…Tue Nov 11 2008 - 00:00
Solicitors' insurance costs to rocketLAW FIRMS and sole practitioner solicitors, many of them already under severe pressure due to the collapse in the housing market…Tue Nov 11 2008 - 00:00
Babcock encourages lead adviser to sell EircomBABCOCK BROWN Capital (BCM), the Australian investment fund that controls Eircom, has incentivised its lead corporate finance…Tue Nov 11 2008 - 00:00
IN&M subsidiary warns of fall in profitAPN, the Sydney-listed subsidiary of Sir Anthony O'Reilly's Independent News Media (INM), has warned that profit in the current…Sat Nov 08 2008 - 00:00
Babcock to give contract accountEIRCOM OWNER Babcock Brown Capital (BCM) is preparing to make a statement next week on the termination of the agreement under…Sat Nov 08 2008 - 00:00
Irish operations of US firms made $48bn profit in 2005THE FULL scale of the profitability of US investment in Ireland has emerged for the first time in official data which shows that…Fri Nov 07 2008 - 00:00
O'Flaherty Holdings pays out dividend of €25mO'FLAHERTY HOLDINGS, which last month handed over its Volkswagen import franchise to the German auto company, paid a €25 million…Wed Nov 05 2008 - 00:00
Dunnes has no comment on sale claimDUNNES STORES last night declined to comment on claims by the retail workers' trade union Mandate that the supermarket operator…Wed Nov 05 2008 - 00:00
Ryanair expects to break even despite 77% pretax fallRYANAIR EXPECTS to break even in its current fiscal year following losses in the second six months after interim pretax profits…Tue Nov 04 2008 - 00:00
Unilever books once-off profit of €50.23m on plant closureCONSUMER GOODS giant Unilever has booked a once-off profit of €50Tue Nov 04 2008 - 00:00
INM set to sell off its interests in AustraliaSIR ANTHONY O'Reilly's Independent News Media (INM) has signalled the end of its 20-year involvement in the Australian market…Sat Nov 01 2008 - 00:00
Group warns of drop in earningsINDEPENDENT NEWS Media (INM), whose shares have dropped more than 70 per cent in the past 12 months, has warned of a marked deterioration…Sat Nov 01 2008 - 00:00
Brown Thomas pays owner €70m dividendLUXURY DEPARTMENT store chain Brown Thomas has paid out a €70 million dividend to Galen Weston, the Canadian billionaire who …Fri Oct 31 2008 - 00:00
U2 Tower project held over for a yearTHE STATE development agency for Dublin's docklands is to postpone for at least a year the €200 million U2 Tower project at Britain…Fri Oct 31 2008 - 00:00
Babcock makes light of LIT approachBABCOCK BROWN Capital (BCM), the Australian investment fund that controls Eircom, has rubbished a takeover approach for its business…Fri Oct 31 2008 - 00:00
Isle of Man firm makes preliminary approach to buy EircomAN ISLE of Man company has made a preliminary approach to buy out the Australian fund that controls Eircom, raising prospects…Thu Oct 30 2008 - 00:00
DCC appoints former-AG Byrne to boardINDUSTRIAL HOLDING company DCC plc has appointed as its incoming deputy chairman and senior independent director David Byrne …Wed Oct 29 2008 - 00:00
Eircom's chief pay package increases to €1.06mEIRCOM CHIEF Rex Comb saw the value of his remuneration package increase to Aus$2.09 million (€1Wed Oct 29 2008 - 00:00
Icelandic fashion king's sell-off may shrink retail rentsANALYSIS: BRITISH TYCOON Philip Green and private equity firms Texas Pacific, Permira and Alchemy are battling to buy out the…Fri Oct 17 2008 - 01:00
New global sell-off on fears of recessionWORLD MARKETS: IRISH STOCKS lost more than 6 per cent of their value amid a renewed sell-off on international markets as Federal…Thu Oct 16 2008 - 01:00
Reform development aid, says World BankWORLD BANK president Robert Zoellick has called for urgent reform of the global system for development aid, arguing that such…Tue Oct 14 2008 - 01:00
Treasury will invest only in 'healthy' banks, says head of bailout schemeA MAN could shave in the reflections from the shiny cars pulling into the Four Seasons Hotel in Washington, where Neel Kashkari…Tue Oct 14 2008 - 01:00
World economy faces 'major slowdown'IMF WARNING: IMF MANAGING director Dominique Strauss-Kahn has warned that the world economy, already under pressure from high…Mon Oct 13 2008 - 01:00
Barack Obama's right-hand manTHE FRIDAY INTERVIEW: BRIAN COWEN'S super-sized guarantee for the Irish banking system angered some of his European counterparts…Fri Oct 10 2008 - 01:00
Co-ordinated rate cut by central banks does little to relieve market pressureECB AND US FED DECISIONS: A CO-ORDINATED half-point interest rate cut by the US Federal Reserve, the European Central Bank (…Thu Oct 09 2008 - 01:00
Fast moves on $700bn in 'toxic' mortgages expectedTHE BUSH administration will move swiftly in coming days to start putting in place a programme to buy $700 billion (€507 billion…Sat Oct 04 2008 - 01:00
Wells Fargo grabs troubled Wachovia from CitigroupWachovia takeover: THE UPHEAVAL in US business descended into acrimony yesterday when San Francisco-based bank Wells Fargo snatched…Sat Oct 04 2008 - 01:00
3% fall in US stocks over downbeat dataUS STOCKS lost as much as 3 per cent of their value early yesterday as investors took account of downbeat data which pointed …Fri Oct 03 2008 - 01:00
GE denies funds crisis as Buffett takes $3bn stakeBILLIONAIRE BUSINESSMAN Warren Buffett has taken a $3 billion stake in industrial conglomerate GE, a cash injection that came…Thu Oct 02 2008 - 01:00
Bush insists Congress must act on rescue plan$700 BILLION BAILOUT: US INVESTORS held their breath yesterday as the Bush administration campaigned to persuade reluctant legislators…Wed Oct 01 2008 - 01:00
Citigroup takes over WachoviaBANKING COLOSSUS Citigroup joined the ranks of the rescuers yesterday as regional bank Wachovia, the sixth-largest US lender …Tue Sept 30 2008 - 01:00
Stocks plunge as efforts begin to resurrect bailoutAFTER TEN days of fevered politicking on Capitol Hill over the Bush administration's $700 billion bailout for vulnerable banks…Tue Sept 30 2008 - 01:00
Paulson makes frantic efforts to revive rejected bailout planUS TREASURY Secretary Hank Paulson was last night engaged in frenetic efforts to revive the $700 billion bailout plan for the…Tue Sept 30 2008 - 01:00
US Congress to vote on bailout deal after terms are agreedTHE US Congress will vote this week on a $700 billion bailout package for the US financial system, it was confirmed late last…Mon Sept 29 2008 - 01:00
Bush struggles to broker deal on bailout planAFTER A tentative Congressional agreement on a $700 billion plan to bail out vulnerable banks collapsed in disarray at a White…Sat Sept 27 2008 - 01:00
Wachovia loses 28% of value after WaMu failsBANKING GROUP Wachovia, the sixth-largest US lender by assets, lost more than a quarter of its value yesterday as confidence …Sat Sept 27 2008 - 01:00
Bursting of the bankers' bubbleSenior Business Correspondent in New York Accustomed to huge rewards and minimal interference, Wall Street’s bankers are retreating…Sat Sept 27 2008 - 01:00
JP Morgan raises $10bn capital in WaMu takeoverJP MORGAN Chase raised $10 billion in new capital following a $1Sat Sept 27 2008 - 01:00
US seeks to limit top-level pay in $700bn bailoutTHE BUSH administration, battling strident political resistance to a $700 billion bailout for the financial sector, has agreed…Thu Sept 25 2008 - 01:00
Buffett's $5bn infusion seen as boon for financial systemGOLDMAN SACHS quickly followed a $5 billion investment by Warren Buffett's Berkshire Hathaway conglomerate with a separate fund…Thu Sept 25 2008 - 01:00
$700bn plan gets hostile reception on Capitol HillRESCUE PACKAGE: US TREASURY secretary Hank Paulson and chairman of the Federal Reserve Ben Bernanke encountered hostility and…Wed Sept 24 2008 - 01:00
Irish bank shares tumble amid renewed uncertaintyIRISH SHARES tumbled yesterday as turmoil gripped international markets as fears over banking stocks returned and uncertainty…Wed Sept 24 2008 - 01:00
Goldman and Morgan Stanley end era on Wall StUS STOCKS lost ground again yesterday as Goldman Sachs and Morgan Stanley, the pre-eminent US investment banks, succumbed to …Tue Sept 23 2008 - 01:00
