Digicel plans $50m transformation investment as creditors eye controlDenis O’Brien currently owns 99.9 per cent of the groupFri Mar 03 2023 - 06:10
O’Brien finally runs out of road at Digicel as creditors swoop to capitaliseIn return for a debt restructuring, the tycoon is ceding control of the Caribbean mobile phone company he founded in 2001Thu Mar 02 2023 - 18:05
CRH shares soar on plan to move main listing to USIrish building materials giant also announced plans to spend $3bn buying back its own stockThu Mar 02 2023 - 07:40
Denis O’Brien may lose up to 90% of Digicel to creditorsBond investors to write off $1.8bn of its borrowingsThu Mar 02 2023 - 05:00
Permanent TSB swings to €267m pretax profit amid gain from Ulster Bank dealResults come as bank is transformed after buying Ulster Bank assetsWed Mar 01 2023 - 07:47
Denis O’Brien set to lose control of Digicel in $1.8bn debt-cut planBusinessman on track to cede control under plan agreed with a group of bond creditorsWed Mar 01 2023 - 06:58
Digicel bondholders’ backs against wall as O’Brien returns for more debt reliefJoe Brennan: Only $315m of ‘standalone cash’ on group’s balance sheet as of DecemberFri Feb 24 2023 - 15:51
Bank of Ireland plans staff bonuses of up €20,000 from 2024Lender to reinstate bonuses after Government lifted ban as well as further cost of living payment for staffFri Feb 24 2023 - 09:23
State’s biggest private landlord cuts value of its homes as interest rates biteIres put in a ‘strong’ performance last year, says chief executive, as occupancy levels roseFri Feb 24 2023 - 08:50
Digicel downgraded by Fitch amid debt restructuring talksRatings agency says firm’s borrowing levels are ‘unsustainable’ relative to earningsThu Feb 23 2023 - 18:05
Ardagh full-year underlying earnings fall amid rising costs and dollarGlass and metal containers group led by Paul Coulson saw margins contractThu Feb 23 2023 - 14:22
Unauthorised €738m Central Bank transfer spurs tighter controls, PAC hearsBreach relating to Department of Finance transfer was matter of ‘serious concern’, C&AG saysThu Feb 23 2023 - 12:08
Pepper to hike some mortgages to 8% after ECB movesGroup manages up to 100,000 mortgages on behalf of investment fundsThu Feb 23 2023 - 09:17
Digicel seeks grace period on $925m debt amid restructuring talksMore than 80% of Denis O’Brien-owned group’s $4.55bn of bonds and corporate loans due to mature by end 2025Thu Feb 23 2023 - 06:00
European shares drop amid heightened rate-hike concernsBanking stocks among weaker performers on IseqWed Feb 22 2023 - 18:12
Aryzta to repay remaining €200m of expensive debtCompany had flagged plan to clear hybrid euro bonds by 2025Wed Feb 22 2023 - 11:33
Corre to sell up to €7m of shares to advance energy storage projectsProceeds to be used to advance key projects in Netherlands and DenmarkWed Feb 22 2023 - 10:08
Irish State on track for further credit rating upgrades, says DavyNation’s debt to GDP ratio forecast to fall to less than a third of financial crisisTue Feb 21 2023 - 09:02
European shares edge higher in muted session as US investors enjoy holidayBanking stocks rise as full-year results come into focusMon Feb 20 2023 - 17:38
PTSB’s gain from Ulster deal to lift profit to pre-crisis levelLender on track to report as much as a €400 million accounting gainMon Feb 20 2023 - 15:18
Smurfit Kappa should go for share buyback if market continues to box it inPackaging firm flagged possibility of a first buyback this weekFri Feb 10 2023 - 14:00
Finance officials mull pension fund amid review of ‘rainy day’ potOptions under consideration include putting windfall corporate taxes to work in a pension fundFri Feb 10 2023 - 05:00
AIB life and pensions venture with Canada Life secures regulatory nodPartners expect to start trading later this year after final Central Bank regulatory approval is securedFri Feb 10 2023 - 05:00
Zurich highlights scope for deals as it stays mum on Liberty talksInsurer in discussions to buy Liberty’s business in Ireland, Spain and PortugalThu Feb 09 2023 - 09:35
KBC plans €1bn payout to investors after Irish loans salePayout could be by way of a share buyback or extraordinary dividendThu Feb 09 2023 - 07:34
State’s stake in AIB falls below 56% amid ongoing share sellingMinister expects taxpayers’ shareholding in lender to go below 50 per cent later this yearWed Feb 08 2023 - 08:02
Smurfit Kappa takes €128m hit as it agrees to sell Russian assetsCardboard-box maker reports better-than-expected full year earnings and positive outlook for 2023Wed Feb 08 2023 - 07:31
Insurer Zurich in talks to buy Liberty’s Irish and Iberian businessLiberty assets were put up for sale last year with price tag of more than €1bnWed Feb 08 2023 - 05:06
Irish company behind ‘third football team of Milan’ slumps after IPOBrera Holdings controls amateur football team with ‘mixed’ competitive performanceMon Feb 06 2023 - 06:00
Former top AIB executive Mulhall joins Vision ConsultingVision plans to double staff from 200 over next three yearsMon Feb 06 2023 - 05:00
Ryanair on course to return €1.6bn a year to investors from 2025Airline moving from revenue growth investment to capital returns, say AllianceBernstein analystsMon Feb 06 2023 - 05:00
Seen & Heard: Kerry revives co-op talks over dairy dealDeal could value business at about €600 millionSun Feb 05 2023 - 11:07
Ires Reit seen selling as much as €50m of assets this year Ireland’s biggest private landlord is likely to sell even if prices fall more than expected, Barclays analysts saySat Feb 04 2023 - 05:00
Bank of Ireland completes purchase of €7.8bn of KBC loansMove is latest step as KBC exits IrelandFri Feb 03 2023 - 18:10
Will Carl McCann’s sale of limp lettuce business revive Dole on Wall Street?Joe Brennan: Move has yet to get regulatory approval in USFri Feb 03 2023 - 15:40
AIB first with higher mortgage rates after ECB’s fifth moveOther lenders are keeping their pricing under reviewThu Feb 02 2023 - 15:39
Goodbody hires Credit Suisse’s Irish head to lead investment bankingSwiss bank is undergoing a restructuring following a series of scandalsThu Feb 02 2023 - 14:23
ECB’s planned March rate hike will not be last, Lagarde signals Move will have automatic impact on estimated 240,000 Irish tracker mortgagesThu Feb 02 2023 - 13:27
Barryroe confirms Alan Curran as CEO as key permit awaitedMajor shareholders in oil explorer are in talks to cover some of the €40 million funding Larry Goodman has committed to companyWed Feb 01 2023 - 16:44
Ulster Bank problem mortgages fall 25% amid deal flurry ahead of exit Only 50 of 650 KBC staff eligible to move to Bank of Ireland have so far signed upWed Feb 01 2023 - 14:15
Creditors of Kremlin-owned Irish firm in default weigh optionsOutcome may set a precedent for other sanctions-affected Irish funding vehicles in defaultTue Jan 31 2023 - 21:52
Irish banks to be stress-tested for up to 11.1% home price drop over three yearsCentral prediction is that Irish home prices will rise 7.4% this year, followed by 2.5% growth in 2024, before dipping in 2025Tue Jan 31 2023 - 15:21
Allianz appoints Russian unit boss to lead Irish business Current CEO Sean McGrath is retiring and will be succeeded by Phillip GronemeyerFri Jan 27 2023 - 17:42
Dubliner’s dream of massive payday dies along with cash shell company Spacs, once the darlings of Wall Street, have lost their lustreFri Jan 27 2023 - 16:31
Bank of Ireland’s UK chief quits to lead sub-prime lenderIan McLaughlin leaves for Provident FinancialThu Jan 26 2023 - 08:43
Irish stock exchange ‘optimistic’ on 2023 IPOsOnly three companies have floated in Dublin in the past four yearsThu Jan 26 2023 - 05:00
Dutch private equity firm plans to double Irish investments to €200mWaterland has spent about €100m in Ireland to dateThu Jan 26 2023 - 00:01
Irish-led ‘blank check’ firm decides to liquidateNorth Atlantic Acquisition Corporation had listed in New York two years agoWed Jan 25 2023 - 18:02
EY agrees multimillion-euro settlement of Anglo Irish case The 2012 case sought €50m in damages over losses allegedly resulting from auditor’s failingsWed Jan 25 2023 - 15:03
Central Bank denies deserting vulture fund mortgage customers as rates soarSome 100,000 mortgages were sold to funds and many now carry rates as high as 7%Wed Jan 25 2023 - 13:56
