Bad loans send AIB pre-tax profits down 62% to €1bnAllied Irish Banks (AIB) has recorded an annual loss from its core retail business for the first time in the bank's history…Mon Mar 02 2009 - 00:00
Private sector hit hardest as jobless figures surge 69%UNEMPLOYMENT jumped 69 per cent last year, bringing the overall number out of work to 170,600, and the official unemployment …Sat Feb 28 2009 - 00:00
Irish exports remain relatively resilient in DecemberThe value of exports from Ireland was 4 per cent higher in December 2008 than the comparable month in 2007, suggesting the State…Fri Feb 27 2009 - 00:00
Bank of Scotland (Ireland) reports €250m lossBank of Scotland (Ireland) has reported a pretax loss of €250 million in 2008 due to higher funding costs and rising impairments…Fri Feb 27 2009 - 00:00
Consumer sentiment falls amid fears for jobsCONSUMER SENTIMENT dipped in February as the post-Christmas sales came to an end and worries about unemployment intensifiedFri Feb 27 2009 - 00:00
Number out of work rises 69% during last quarter of 2008The number of people unemployed at the end of the fourth-quarter last year rose by almost 70 per cent to bring the overall number…Fri Feb 27 2009 - 00:00
Building materials firm Grafton sees 72% profit fallBuilders' merchant and DIY group Grafton has reported a 72.8 per cent fall in pre-tax profits to €64Fri Feb 27 2009 - 00:00
Eircom owners cut value of company by €720mThe Australian owners of Eircom have cut the value of their investment in the telecoms company by more than €700 million, acknowledging…Fri Feb 27 2009 - 00:00
Irish consumer sentiment falls in FebruaryConsumer sentiment dipped in February as the post-Christmas sales came to an end and worries about unemployment intensified.Thu Feb 26 2009 - 00:00
Citigroup says AIB, BoI may require additional €3bnCitigroup has suggested that the State’s two largest banks Bank of Ireland and AIB are likely to require a combined total of …Thu Feb 26 2009 - 00:00
O2 Ireland reports 1.7% fall in service revenuesTelefónica O2 Ireland reported a 1Thu Feb 26 2009 - 00:00
Ulster Bank reports 76% profit fall on bad debtsCormac McCarthy, chief executive of Ulster Bank, the Irish unit of Royal Bank of Scotland, said the lender is seeing a rise in…Thu Feb 26 2009 - 00:00
Public finances 'under control', says TánaisteThe Tánaiste has said the public finances are under control and ruled out further spending cuts or changes to the tax regime …Wed Feb 25 2009 - 00:00
Kerry revenues rise despite cost pressuresFOOD GROUP Kerry has reported a fractional increase in revenues for 2008 but says it expects earnings growth this year as it …Wed Feb 25 2009 - 00:00
Congestion charges now inevitableA STUDY of the State’s national roads currently underway is likely to recommend where traffic-control mechanisms such as congestion…Wed Feb 25 2009 - 00:00
Primark likely to report increase in first-half salesCLOTHING RETAILER Primark, which operates as Penneys in the Republic, expects to report an increase in first-half sales as price…Tue Feb 24 2009 - 00:00
Revenues at clinical research firm Icon up 37%IRISH CLINICAL research company Icon increased revenues by 37 per cent to $865 million (€987 million) last year, leading to a…Tue Feb 24 2009 - 00:00
Iseq slips below 2,000 mark to reach 14-year low pointThe Iseq index of Irish shares dropped beneath the 2,000 mark for the first time in 14 years today following declines on the …Tue Feb 24 2009 - 00:00
Strong Christmas trading boosts Primark revenuesClothing retailer Primark, which operates as Penneys in the Republic, said it expects to report an increase in first half sales…Mon Feb 23 2009 - 00:00
Icon reports 37% rise in revenues for 2008Irish clinical research company Icon increased revenues 37 per cent to $865 million (€987 million) last year, leading to a 39…Mon Feb 23 2009 - 00:00
CityJet to use larger plane for Shannon to Paris routeCityJet is to expand its Shannon to Paris service by basing a 95-seat aircraft at the airport and starting its twice-daily service…Mon Feb 23 2009 - 00:00
ClearStream expects first-half results to beat expectationsIrish medical devices company ClearStream Technologies said it expects its first-half results to beat analysts’ estimates.Mon Feb 23 2009 - 00:00
Anglo loaned €451m to 10 clients to buy bank sharesAnglo Irish Bank lent €451 million to ten clients to buy shares to support its share price last year, the bank said today.Fri Feb 20 2009 - 00:00
Anglo Irish loaned €255m to directors last yearAnglo Irish Bank issued loans to directors of €255 million last year, with €179 million of this outstanding by the end of September…Fri Feb 20 2009 - 00:00
ICAI appoints Purcell to inquire into Anglo's director loansJohn Purcell, the former comptroller and auditor general, has been appointed by the accountancy regulator to investigate the …Fri Feb 20 2009 - 00:00
Heineken reports 1% decline in sales volumes for 2008HEINEKEN IRELAND said a combination of recession and increased shopping in the North could result in a fall of 8 per cent in …Thu Feb 19 2009 - 00:00
Profit at Ladbrokes' Irish shops rise 21% in 2008Bookmaker Ladbrokes' Irish business reported a 48 per cent rise to €103.5 million (£91Thu Feb 19 2009 - 00:00
Bulmers to seek 121 redundancies by JuneCider-maker Bulmers is to cut 121 jobs, or almost a quarter of its staff, as part of a reorganisation plan announced this morning…Thu Feb 19 2009 - 00:00
AIB cuts earnings forecasts as bad debts riseAIB has almost halved its earnings per share forecasts for this year and has taken a €500 million charge in relation to its rising…Thu Feb 19 2009 - 00:00
Staff at Bulmers to meet management tomorrowOver 400 employees based at cider-maker Bulmers in Clonmel, Co Tipperary, have been called to a meeting with management tomorrow…Wed Feb 18 2009 - 00:00
No review of crash-report feesFAMILIES OF those killed in road collisions have expressed disappointment at the Government’s refusal to consider abolishing …Wed Feb 18 2009 - 00:00
ISE claims 'disconnect' in corporate governance reportThe Irish Stock Exchange (ISE) has said there appeared to be a “disconnect” between the findings of a report into corporate governance…Wed Feb 18 2009 - 00:00
'No commercial issues' behind Walsh resignationIrish Nationwide Building Society (INBS) said this afternoon that “no commercial issues” contributed to the surprise resignation…Wed Feb 18 2009 - 00:00
BoI, AIB shares rebound after early fallsShares in the State’s two main banks AIB and Bank of Ireland have rebounded from early falls on the Dublin market today.Tue Feb 17 2009 - 00:00
United Drug says first-half profit to declineHealthcare services group United Drug has it expects a decline in first-half profits due to the decline in sterling and “challenging…Tue Feb 17 2009 - 00:00
IL&P shares fall over 9% on ratings downgradeIrish Life and Permanent is likely to face higher repayment costs on its loans after its debt ratings were downgraded today by…Tue Feb 17 2009 - 00:00
BoI offers low 1-year rate for first-time buyersBank of Ireland is offering a one-year fixed mortgage rate of 2Tue Feb 17 2009 - 00:00
IL&P staff have 'lost confidence' in executivesA union representing half the employees at ILP has written to senior executives at the lender saying they have lost confidence…Tue Feb 17 2009 - 00:00
Economy to contract by 6% this year, report findsGoodbody Stockbrokers has revised down its gross domestic product (GDP) forecasts for the Irish economy for this year to -6 per…Mon Feb 16 2009 - 00:00
Circle Oil reports third gas discovery in MoroccoCircle Oil, an Irish explorer operating in Africa, said it has made a third gas discovery in Morocco after it successfully drilled…Mon Feb 16 2009 - 00:00
Sharpest fall in retail sales in 25 yearsLAST YEAR saw the sharpest decline in retail sales in over 25 years, as concerns over the economy prompted shoppers to curtail…Sat Feb 14 2009 - 00:00
Sales of Jameson up 7% in six months to DecemberSales of Jameson whiskey grew by 7 per cent globally in the six months to the end of December, according to figures released …Fri Feb 13 2009 - 00:00
Pre-Christmas shopping fails to boost retail salesLast year saw the sharpest decline in retail sales in over 25 years as concerns over the economy and employment prompted shoppers…Fri Feb 13 2009 - 00:00
Subdued reaction to €7bn plan for BoI and AIBMARKET REPORT: MARKET REACTION to the Government’s second recapitalisation proposal – which will result in €7 billion being …Fri Feb 13 2009 - 00:00
AIB chief says bank 'well capitalised' for downturn with €3.5bn injectionAIB IS sufficiently “well capitalised” following the injection of €3Fri Feb 13 2009 - 00:00
S&P lowers ratings on Bank of Ireland and AIBRatings agency Standard and Poor's has lowered its long-term credit ratings for AIB and Bank of Ireland due to “deteriorating…Fri Feb 13 2009 - 00:00
Sheehy says AIB well capitalised, to take 25% cutAllied Irish Banks believes that after the injection of €3Thu Feb 12 2009 - 00:00
Goggin admits Bank of Ireland made mistakesBank of Ireland’s chief executive, Brian Goggin said this afternoon that while the bank had made mistakes, it had also played…Thu Feb 12 2009 - 00:00
Muted market reaction to €7bn recapitalisation planMarket reaction to the Government’s €7 billion recapitalisation of the State’s two largest banks AIB and Bank of Ireland has …Thu Feb 12 2009 - 00:00
