McInerney revenues halve to €300m as downturn hits first-time buyersWEAK DEMAND, falling land values and restructuring costs pushed house-builder McInerney Holdings into the red last year.Tue Mar 24 2009 - 00:00
Bord na Móna to create 50 research positionsSTATE COMPANY Bord na Móna is creating 50 new jobs in innovation, research and development, with a €50 million investment over…Tue Mar 24 2009 - 00:00
Hotel chain sold by Jury's for €1.165bn posts €175m salesTHE BUDGET HOTEL group sold by Jury’s Doyle to Quinlan Private for €1Sat Mar 21 2009 - 00:00
Qualceram Shires looks at all options as it talks with landlordQUOTED BATHROOM fittings manufacturer Qualceram Shires is looking at all options, including corporate rescue or insolvency proceedings…Sat Mar 21 2009 - 00:00
Waterford Crystal workers to meet on efforts to save plantWATERFORD CRYSTAL workers are set to meet at the weekend to hear what progress is being made in efforts to keep manufacturing…Fri Mar 20 2009 - 00:00
Building firm sells shares to raise £325mBUILDING MATERIALS group, SIG, is selling new shares to raise £325 million to pay down debts due later this year.Thu Mar 19 2009 - 00:00
Readymix reports pretax loss of €47m for 2008BUILDING MATERIALS group Readymix warned yesterday that it would continue to lose money this year after reporting a €47 million…Tue Mar 17 2009 - 00:00
SIG to consider selling shares to help it meet loan repaymentsTHE OWNER of Irish Insulation Systems, Capco Roofing and other building product supply firms is reported to be considering selling…Tue Mar 17 2009 - 00:00
Payment boost for State's suppliersGOVERNMENT DEPARTMENTS will cut the time they take to pay their suppliers to 15 days from 30, Taoiseach Brian Cowen pledged yesterday…Fri Mar 06 2009 - 00:00
FBD posts losses of €38.6m and predicts rise in cost of insuranceINSURANCE COSTS are set to rise this year as companies attempt to recover the cost of rising claims, Dublin-quoted FBD predicted…Thu Mar 05 2009 - 00:00
Quinn to invest €100m in Tatarstan developmentBUSINESSMAN SEÁN Quinn’s group is investing €100 million in a property development in the Russian republic of Tatarstan.Thu Mar 05 2009 - 00:00
CRH hoping to raise €1.24bn in rights issueBUILDING MATERIALS giant CRH is gearing up to raise almost €1Wed Mar 04 2009 - 00:00
Firm to rein in spending on acquisitionsANALYSIS: LAST AUTUMN, building materials group CRH signalled it was planning to rein in spending on acquisitions except in …Wed Mar 04 2009 - 00:00
US offers pathway to profit CRH paved in last recessionANALYSIS: BACK IN the middle of another recession in the 1980s, Irish building materials company CRH began buying businesses…Tue Mar 03 2009 - 00:00
Bookmaker looks a safe betLAST NIGHT, Paddy Power, the company, hosted a Cheltenham preview night in the Submarine bar in Crumlin, Dublin.Tue Mar 03 2009 - 00:00
Kingspan profits fall 70% to €68.1mTHE BUILDING slump, currency weakness and a once-off charge caused a near-70 per cent fall in profits at insulation and construction…Tue Mar 03 2009 - 00:00
Paddy Power says new betting tax will cost it €9mTHE DOUBLING of Irish betting tax will cost listed bookmaker Paddy Power €9 million in profits this year, its chief executive…Tue Mar 03 2009 - 00:00
Waterford Wedgwood sold but 480 jobs remain in doubtA QUESTION mark hangs over the future of 480 Waterford Crystal manufacturing jobs, despite yesterday’s deal to sell its parent…Sat Feb 28 2009 - 00:00
Grafton says it faces difficult year after fall in profits of 73%THE OWNER of Woodies DIY and Heitons Buckley builders’ merchants said it was facing a difficult year after announcing a sharp…Sat Feb 28 2009 - 00:00
Energia to sell gas to small and medium concernsINDEPENDENT OPERATOR Energia plans to offer natural gas to small and medium-sized businesses in competition with State-owned …Fri Feb 27 2009 - 00:00
Dragon investigates purchasing 'irregularities'DUBLIN- AND London-listed exploration company Dragon Oil is investigating purchasing contracts involving former executives following…Fri Feb 27 2009 - 00:00
Waterford Wedgwood sale to KPS Capital 'imminent'The sale of Waterford Wedgwood to US firm, KPS Capital, is imminent, with sources suggesting last night that a deal could be …Thu Feb 26 2009 - 00:00
Iseq recovers ground after plunging to 14-year lowDUBLIN REPORT Iseq: 2,034.44 (-15Wed Feb 25 2009 - 00:00
Former CEO made threats to sue firmTHE FORMER chief executive of Irish-based casino software developer, Cryptologic, threatened to sue the company while he was …Wed Feb 25 2009 - 00:00
Garret FitzGerald leaves hedge fund boardFORMER TAOISEACH Dr Garret FitzGerald is retiring from the board of a hedge fund whose investments included a Russian lingerie…Fri Feb 20 2009 - 00:00
AIB and C&C rise as overall market drifts lowerMARKET REPORT: THE IRISH stock market underperformed its European peers yesterday.Fri Feb 20 2009 - 00:00
Domestic market electrified as Airtricity also takes on ESBWIND ENERGY group Airtricity confirmed yesterday that it is offering householders electricity, making it the second rival to …Thu Feb 19 2009 - 00:00
Regulator warned Anglo on €300m planTHE FINANCIAL Regulator warned Anglo Irish Bank that it could not approve transactions which included a scheme to loan €300 million…Thu Feb 19 2009 - 00:00
Anglo seeking to repossess $90m property from New York 'condo king'STATE-OWNED Anglo Irish Bank is seeking to repossess a $90 million (€71Thu Feb 19 2009 - 00:00
United Drug warns on profitsWEAK STERLING, falling cosmetics sales and a reduced hospital spend will hit first-half profits at medicines distributor United…Wed Feb 18 2009 - 00:00
Gas price cut of up to 25% may save €226 per homeDOMESTIC GAS prices could fall by up to one quarter over the course of the year, cutting over €200 off the average annual bill…Wed Feb 18 2009 - 00:00
Bord Gáis to take on ESB with 'dual fuel' supply schemeBORD GÁIS will go head to head with the ESB from today and compete to supply electricity to domestic customers.Wed Feb 18 2009 - 00:00
Regulator investigates €300m loans by Anglo to buy its sharesTHE FINANCIAL Regulator has confirmed it is investigating €300 million in loans given by Anglo Irish Bank to 10 business people…Mon Feb 16 2009 - 00:00
Building industry set to shrink in 2010THE VALUE of the Republic’s building industry could shrink to just €14 billion by next year, just over one-third of its 2007 …Mon Feb 16 2009 - 00:00
Officials in talks with Ictu on plan to protect pensionsSENIOR OFFICIALS from the Taoiseach’s office, trade union Unite and the Irish Congress of Trade Unions (Ictu) are discussing …Mon Feb 16 2009 - 00:00
Companies in Europe and US cut costs differentlyLEADING US and European companies are applying the knife differently when it comes to cutting costs, a new report shows.Mon Feb 16 2009 - 00:00
Redundant staff may get €10m in sale of WaterfordAGREEMENT ON a €10 million payment to redundant workers, Government aid and a solution to the group’s €111 million pension shortfall…Fri Feb 13 2009 - 00:00
Underground cables 'would cost €500m more'USING UNDERGROUND cables for a proposed high-power electricity link between Meath and Tyrone will cost €500 million more than…Fri Feb 13 2009 - 00:00
Banks reiterate pledge to boost creditCOMMERCIAL LENDING: BUILDERS, SMALL business and multinationals look set to benefit from the increase in commercial credit that…Thu Feb 12 2009 - 00:00
Concerns for jobs in three other institutionsWORKERS IN the banks not covered by last night’s recapitalisation deal fear their jobs could be at risk without clear Government…Thu Feb 12 2009 - 00:00
Early gains lost as market likely to open lower todayMARKET REPORT: DEALERS EXPECT Irish shares to open lower again today after a late drift on the Dublin market yesterday eliminated…Wed Feb 11 2009 - 00:00
KPS is favourite to buy Waterford WedgwoodUS INVESTMENT fund KPS Capital has emerged as the front runner in the race to buy luxury goods group Waterford Wedgwood out of…Tue Feb 10 2009 - 00:00
McCreevy warns against dangers of protectionismFORCING recapitalised banks to lend money to domestic businesses at the expense of foreign competitors will spark a wave of protectionism…Tue Feb 10 2009 - 00:00
William Hill to close 14 betting shops in RepublicBOOKMAKER WILLIAM Hill plans to close 14 shops in the Republic next month with the loss of 53 jobsTue Feb 10 2009 - 00:00
Stocks slip after early gainsStocks drifted and lost early gains on the Irish Stock Exchange today as US markets slipped following treasury secretary Timothy…Tue Feb 10 2009 - 00:00
Qualceram Shires in talks over liabilitiesQUOTED BATHROOM fittings manufacturer Qualceram Shires is in talks with its banks and landlord in an attempt to ease the group…Sat Feb 07 2009 - 00:00
Value of Blackrock assets down 36%PROPERTY INVESTMENT vehicle Blackrock International Land said yesterday the value of its assets fell by more than one-third last…Sat Feb 07 2009 - 00:00
Five-way talks raise hopes of breakthrough at WaterfordHOPES OF a breakthrough at Waterford Wedgwood were raised yesterday as five-way talks got under way between the group’s receiver…Sat Feb 07 2009 - 00:00
Foley dealt with rival Waterford biddersTHE FORMER Waterford Crystal boss who is involved with one of the bids for its troubled parent also dealt with a group that is…Fri Feb 06 2009 - 00:00
