Cecilia Ronan steps down as Citigroup’s Europe chief due to ill healthCitigroup Europe is currently in talks on a new headquarters in Dublin and is expanding its local workforce to 2,800Tue Nov 22 2022 - 12:09
European shares dip amid worry over surging Covid-19 cases in ChinaIseq index advances 0.2 per cent to 7,236.99, buoyed by building materials company CRH, with banks also a bright spotMon Nov 21 2022 - 18:26
Deja vu all over again as Eir financial engineering delivers €1.73bn in windfallsJoe Brennan: While the hope is that earnings will stabilise next year, rising inflation and the weakening wider economic backdrop doesn’t helpFri Nov 18 2022 - 13:36
Aryzta investor caution urged over dual chairman-CEO roleProxy adviser questions why CEO Urs Jordi should also be chairman, though it says firm’s temporary rationale for it is ‘compelling’Fri Nov 18 2022 - 05:00
Irish monthly mortgage payments rose 12% ahead of ECB rate hikesBank lobby group says higher home deposits or longer mortgage terms are the best ways to cut level of monthly paymentsFri Nov 18 2022 - 01:01
Axa Ireland net profit rose to €112.7m last yearAxa Ireland, Ireland's largest general insurer, saw its net profit rise 15 per cent last year to €112.7 millionThu Nov 17 2022 - 06:02
US insurance broker NFP buys Dublin health and life adviserNew York-based insurer acquires Tailored Finance for undisclosed sumThu Nov 17 2022 - 00:01
Central Bank’s Donnery defends plans to hold individual executives accountableDeputy governor says criticism of new rules misses the point of the proposalsWed Nov 16 2022 - 19:15
Ulster Bank to cut 600 staff as it prepares to exit IrelandInitial voluntary redundancy programme to cover a quarter of workforce, with more staff to move with loan and branch salesWed Nov 16 2022 - 10:47
John Laing closes in on most of State-backed fund’s assetsIrish Infrastructure Fund looking at separate sale process for fibre networks business Enet to maximise returnsWed Nov 16 2022 - 05:40
Eir dividends hit €1.73bn since Xavier Niel takeoverFrench billionaire’s companies have benefitted to tune of €858m from dividends since taking control of Eir shares in 2018 – €200m more than they paid for their 64.5% stakeTue Nov 15 2022 - 18:20
Irish motor insurers’ profits rise as average premiums dip only 2% in 2021Industry group suggests premiums now about a quarter below their peakTue Nov 15 2022 - 05:00
SMEs urged to act as 80% of Ulster and KBC business accounts remain openMore than 63,000 business current accounts have been opened across the remaining banks so far this yearTue Nov 15 2022 - 05:00
Bank of Ireland confirms Myles O’Grady appointment as CEO Appointment comes months after former CFO left the bank for wholesaler MusgraveMon Nov 14 2022 - 07:23
Kerry engineering firm exits biggest Scarp rescue with new investorState’s new ‘examinership-light’ restructuring process saved more than 70 jobs at RCC EngineeringMon Nov 14 2022 - 06:00
Banker accountability rules will make hiring senior executives harder, survey findsBanks still subject to crisis-era pay caps and bonus restrictionsMon Nov 14 2022 - 05:45
ElectroRoute to add 50 jobs as operations expand in Japan and IrelandCompany has hired 25 people in past 12 monthsMon Nov 14 2022 - 05:15
Construction activity shrinks amid cost concernsHouse building declines due to less apartment startsMon Nov 14 2022 - 05:00
Law firm DLA Piper plans to double workforce in IrelandThe global law firm currently employs 100 in Ireland, and moved into a six-floor Dublin office last yearMon Nov 14 2022 - 05:00
Celtic Interconnector cost jumps over 70%Seen & Heard: Bank of Ireland winds down its internal trading deskSun Nov 13 2022 - 11:27
Primark can afford price freeze with wider ABF group at its backJoe Brennan: Fast-fashion retailer sees cost-of-living crisis as an opportunityFri Nov 11 2022 - 15:58
Digicel warns on Haiti earnings as $925m bond deadline loomsRatings agency Fitch sees “elevated” risks Digicel may need to restructure bondsFri Nov 11 2022 - 09:31
PTSB holds mortgage rates and stays upbeat on interest income Lender opens more than 100,000 new current accounts so far in 2022, a 250 per cent rise on same period last yearFri Nov 11 2022 - 07:52
Over 60% of Ulster Bank and KBC Ireland accounts remained open by end of October, Central Bank saysMore than 800,000 accounts opened so far this year in remaining three banks in Irish marketFri Nov 11 2022 - 05:00
More than half of home borrowers in long-term arrears paid nothing in past two yearsCentral Bank data come as industry braced for increase in distressed loansThu Nov 10 2022 - 13:57
Bank of Ireland hikes fixed mortgage rates for new customers following ECB move Lender increases rates by 0.25 of a percentage point, but existing customers refixing mortgage will not be affected for nowThu Nov 10 2022 - 11:20
Central Bank’s Donnery says slowing economy may avert ‘wage-price spiral’Deputy governor warns central banking credibility is on the lineThu Nov 10 2022 - 10:00
Holidays and weddings drive 11.2% jump in Irish personal loans in third quarterFastest growing segment includes loans for education, holidays and special occasions such as weddingsThu Nov 10 2022 - 05:00
Bank of Ireland hikes interest income forecast amid rising ratesLender expected to increase mortgage rates soonWed Nov 09 2022 - 18:39
Glanbia sees earnings growing up to 10% in next three yearsForecast comes despite slump in sales of SlimFast brandWed Nov 09 2022 - 15:45
Insurers warn of risks to policies as Ulster Bank and KBC retreatConsumers may lose cover if direct debits lapseWed Nov 09 2022 - 13:38
KBC Ireland deposits and loans fall ahead of sale to Bank of IrelandLender set to exit Ireland in early 2023Wed Nov 09 2022 - 08:00
Bank of Ireland sees greater interest income amid rising ratesNew account openings surge amid ongoing 'big switch'Wed Nov 09 2022 - 07:41
Bank of Ireland to offload €1.4bn of problem Irish and UK loansPortfolios mainly made up of mortgagesTue Nov 08 2022 - 18:12
AIB welcomes Government’s sale of further shares for €396.6mMove has reduced State’s holding in AIB to about 57 per centTue Nov 08 2022 - 07:38
‘Davy 16′ to be ordered to outline how €9.3m profit from 2014 bond sale was splitMr Justice Michael Quinn’s judgment relating to the discovery of documents connected with the case was published on MondayMon Nov 07 2022 - 19:50
State to reduce AIB stake to 57% by selling more shares Move is expected to raise about €390m for the StateMon Nov 07 2022 - 17:49
BlackBee Group to mount €100m bid for nursing homes amid restructuringCork investment group had previously been in talks to sell the 12 nursing homes and two homes under development to a European fundSat Oct 29 2022 - 16:34
Irish banks should enjoy their sweet spot while they can - it could be short-livedBanks among the few winners in a rising rates environment, but a drawn-out period of inflation could cause painFri Oct 28 2022 - 15:07
Michael Broderick: ‘You can’t turn the switch on overnight and hope there are going to be houses coming out’The former army officer who’s now head of the latest State-backed plan to help FTB buy homes talks about his career, if the right housing policies are now in place and hobbiesFri Oct 28 2022 - 12:49
Ulster Bank deposits drop €9.1bn in first nine months of 2021 amid ‘big switch’Lender in process of exiting IrelandFri Oct 28 2022 - 07:46
Rising ECB rates boost AIB’s interest income forecast to 15% Lender sees new account opening surge 82% as customers move from Ulster Bank and KBCFri Oct 28 2022 - 07:16
Arachas insurance broker profits jump 63% on back of acquisitionsRevenues for the company, mainly comprised of commissions and fees, jumped 31 per cent to €61 millionFri Oct 28 2022 - 04:29
European shares rally from lows as ECB hikes interest rates as expectedKerry Group drags on the Iseq despite solid figuresThu Oct 27 2022 - 19:37
Bank of Ireland and PTSB hold off on higher rates as ECB hikes againLenders are alone in not raising non-tracker rates in recent monthsThu Oct 27 2022 - 19:15
Ardagh’s drink cans unit warns on profits amid costs and demand woesCompany now expects its full-year earnings to fall to between $640m and $650mThu Oct 27 2022 - 13:13
Finance Ireland ‘temporarily’ pulls its most popular longer-term fixed-rate loans Terms of 10 or more years will not be offered, says non-bank lenderWed Oct 26 2022 - 16:13
Irish re-performing mortgages ‘particularly vulnerable’ to cost-of-living crisis — S&PMortgage holders who fell into arrears before resuming repayments may run into trouble againWed Oct 26 2022 - 12:43
Irish-led blank check firm in fresh tie-up talks as liquidation loomsFirm founded by Irish packaging industry veteran Patrick Doran and corporate financier Gary Quin has until January to find a dealWed Oct 26 2022 - 04:00
Central Bank’s move to tweak mortgage rules suggests it finally gets its missionDecision to ease some mortgage lending rules should allow more people to buy their homesFri Oct 21 2022 - 13:15
