Grenfell fire: Irish firm Kingspan ‘knowingly created false market’ for insulation used on towerGrenfell Tower fire: Report on fire which killed 72 people in London highlights failures of UK government, building materials companies, contractors, fire safety experts and local council officialsWed Sept 04 2024 - 12:22
Mortgages arrears review calls for lifting of €3m ceiling for insolvency dealsReport published by Minister for Finance notes there are still about 20,000 accounts behind on paymentsTue Sept 03 2024 - 15:43
ECB and Central Bank officials to brief Irish finance firms on digital euroECB to decide next year on the potential issuing of a digital currencyTue Sept 03 2024 - 11:10
Hedge funds that stuck with former Quinn assets deserve their rewardEmergence of trade buyer is a positive developmentSat Aug 31 2024 - 06:00
Corre Energy shares rally as major investors grant €5m loanRebound began last week but shares in the embattled renewable energy storage developer are down almost 84% this yearFri Aug 30 2024 - 15:41
PTSB finance chief Nicola O’Brien to join UK online bank MonzoMonzo is one of the UK’s highest-profile online banks, competing with Starling and RevolutFri Aug 30 2024 - 12:55
Top EU court to rule on Apple tax case on September 10thIn November advocate general Giovanni Pitruzzella said the general court failed to assess ‘methodological errors’ relating to the iPhone maker’s Irish tax liabilitiesThu Aug 29 2024 - 18:25
PTSB finance chief Nicola O’Brien quits for ‘new role’Official played key role in acquisition of billions of euros of loans from Ulster BankThu Aug 29 2024 - 15:58
Irish Ferries owner ICG’s operating profit rises 7.4% in first halfGrowth follows recent launch of Dover-Calais route and return of travel patterns towards pre-pandemic levelsThu Aug 29 2024 - 15:45
Construction project delivery PM Group’s operating profits fell in 2023Revenues at the Dublin headquartered group, which employs 3,527 people across Europe, North America and Asia, declined by 7.5% to €566mThu Aug 29 2024 - 09:13
Grafton Group says business outside Ireland remains ‘challenging’Woodie’s DIY owner unveiled new share buyback programme aiming to repurchase €35.6m of stockThu Aug 29 2024 - 08:02
Turkish group to buy former Quinn industrial empire in €330m dealMannock’s management team will retain a 5.3% interest after Sabanci Holdings unit, Cimsa, completes dealWed Aug 28 2024 - 09:07
Datalex launches €25m share sale that may see Dermot Desmond take majority stakeAirline ecommerce software group raising money to pay back loan balance of €19.1m to businessman’s Tireragh vehicleWed Aug 28 2024 - 09:00
Barclays’ Dublin EU hub assets reach €150bn as firm weighs Paris moveGroup reports first-half loss of €102m, driven by a €252 million hit on the sale of its Italian retail mortgage portfolioWed Aug 28 2024 - 05:00
Mortgage approvals rebound in July as first-time buyers drive activityApprovals rose 18.6% in the month, supported by revival in loan-switching activity as some homeowners reach end of fixed-rate periodsWed Aug 28 2024 - 05:00
Ryanair shares jump as O’Leary no longer sees sharp summer fares dropStock adds more than 6% in early trading on TuesdayTue Aug 27 2024 - 10:12
European stocks run out of steam amid UK bank holidayShares remain near one month highMon Aug 26 2024 - 18:25
Liberty Insurance rebrands as RedClick after Italian takeoverItalian insurance giant Generali acquires business as part of a €2.3 billion dealMon Aug 26 2024 - 13:24
Digicel credit rating upgraded on improved finances after restructuringMobile phone network group remains junk rated, partly due to focus on markets ‘with history of instability and adverse weather events’Mon Aug 26 2024 - 09:59
Liquidators of Kremlin-owned GTLK firms aim to sell 17 planes by early 2025Two companies owed bondholders $3.75bn in 2023, half of it to Russia-based investors, and had assets valued at $4.5bnMon Aug 05 2024 - 05:00
Annoyed by banks’ bumper profits? It’s on you if you’re still giving them money for nothingBanks are getting 3.75% on your savings with the Central Bank and paying you an average of 0.13% in a demand deposit accountSat Aug 03 2024 - 05:27
Dundrum centre owners near €600m refinancing with group led by UK’s RothesayExisting loans secured against the landmark shopping centre fall due in SeptemberSat Aug 03 2024 - 05:00
AIB in talks to buy back €500m of State shares as profits rise 30%Bank sees full-year net interest income amounting to about €4bn, up from previous €3.65bn-plus projectionFri Aug 02 2024 - 07:28
Former AIB finance chief advances plan to float Portuguese bankMark Bourke says shareholders agree ‘overcapitalised’ Novo Banco should no longer be barred from paying dividendsThu Aug 01 2024 - 17:29
PTSB’s mortgage market share creeps up from 2023 lowBank reports a ‘strong pipeline of activity’ as profits in first half treble to €75m, beating expectationsThu Aug 01 2024 - 07:58
Digicel earnings rebound in year bondholders seized controlDenis O’Brien handed 90% of the Caribbean-based telecoms group over to bondholders under a debt-for-equity swap finalised in JanuaryThu Aug 01 2024 - 05:48
Bank of Ireland raises full year forecasts amid slow pace of rate cutsBank profits from customers’ reluctance to shift savings into higher interest accounts as well as lower bad loan provisionsWed Jul 31 2024 - 19:54
Banks’ profit surge on higher rates may mask challenges, Central Bank warns While the higher interest rate environment has led to improved profitability in recent years, it has not made bank business models any more sustainable, Sharon Donnery saidWed Jul 31 2024 - 16:54
Smurfit Kappa earnings fall ahead of €23bn WestRock mergerGroup cites higher recovered fibre costs and lower corrugated box prices but says demand is recoveringTue Jul 30 2024 - 21:41
Irish Life pays out €1.73bn of dividends since purchase for StatePayouts eclipse €1.3bn Canada’s Great West-Lifeco paid Government to buy Ireland’s largest life and pensions group in 2013Tue Jul 30 2024 - 05:51
Irish GDP seen expanding for second straight quarter after 2023 contractionEconomy still smaller than this time last year, CSO says, despite increase in activity among multinationalsMon Jul 29 2024 - 13:11
Dublin private equity firm Erisbeg plans second fund after first exitErisbeg sells healthcare equipment company Medray for close to €60m to investment firm owned by Lloyds Banking GroupMon Jul 29 2024 - 12:41
Euronext CEO confirms plan for Irish ‘springboard’ market for small company listings Euronext Access markets are designed especially for start-ups and small companies that wish to join a stock exchange to finance growthMon Jul 29 2024 - 05:46
Coulson’s love-in with junk bond investors in Ardagh hits the rocksAnalysts expect outlook for glass bottle sector to force group to restructure its debt at some pointSat Jul 27 2024 - 05:00
Michael O’Leary, Tony Smurfit, Albert Manifold: Which Irish plc CEOs have the biggest pay packages?The median chief executive compensation packag was €2 million last year.Fri Jul 26 2024 - 05:59
Ardagh slashes forecast for glass bottle business as it mulls how to cut €11.5bn debt Hit to bottle unit caused by weaker-than-expected demand among consumers in Europe, and a switch by drinks manufacturers from glass to aluminium cansThu Jul 25 2024 - 18:10
Revolut secures UK banking licence after three-year waitAuthorisation for UK banking licence for Revolut comes less than a month after the company published annual results showing a better-than-expected €398m profit last yearThu Jul 25 2024 - 09:07
Dundrum Town Centre co-owner takes further €58.3m hit on Irish shopping mallsHammerson said it and Allianz expect to sign refinancing deal for €600 million of Dundrum loans in early AugustThu Jul 25 2024 - 08:46
Axa Irish premiums to hit €2bn as it gets nod to underwrite Laya policiesLargest general insurer in the Republic acquired the second largest player in health cover market last year in €650m dealThu Jul 25 2024 - 05:00
Finance officials concerned about oversight of auto-enrolment pension schemeLegislation holds planned new mandatory workplace pension scheme to lower regulatory standards than private sector rivalsThu Jul 25 2024 - 05:00
Hvivo chairman Cathal Friel sells remaining shares for €7.3mBusinessman oversaw the initial flotation in 2019 of clinical trials group that became HvivoTue Jul 23 2024 - 16:16
Central Bank warned ‘over-regulating’ funds could backfireSector says overly aggressive action could prompt shift of financial assets into unregulated vehiclesTue Jul 23 2024 - 15:52
Kildare Village stake changes hands in £600m Hammerson fashion outlets saleProperty giant intends to use proceeds to reduce debt and reinvest in core prime urban retail propertyMon Jul 22 2024 - 09:22
Pension auto-enrolment: Call for companies to get six-month grace for landmark new systemMany Irish employers will struggle with the implementation of the upcoming system, staffing agency warnsMon Jul 22 2024 - 06:15
Ardagh’s riskiest bonds fall below 20c on euro ahead of resultsChairman of glass and metal packaging group says ‘all options’ to cut debt burden are being looked atMon Jul 22 2024 - 06:15
Pepper names former Anglo Irish banker as chief executiveNiall Sorohan is currently chief executive of Cabot IrelandMon Jul 22 2024 - 06:10
Building consultancy plans hiring drive amid energy retrofit boomSystemCore was co-founded in 2021 by former bonds and shares trader Cathal O’LearyMon Jul 22 2024 - 05:55
Johnny Ronan misses out, PTSB dividends and aircoach cancellationsSeen & Heard: Budget giveaway, Aircoach cancellations and Louis Vuitton’s Irish profitsSun Jul 21 2024 - 11:02
Mark-down M50 shopping mall sales set a floor as €600m Dundrum loans loomSlumping prices come even as occupancy levels remain highSat Jul 20 2024 - 06:00
Dublin-based Brera football group’s auditor warns on ‘going concern’Company’s net loss widened to €4.91 million last year from €1.23 million in 2022Sat Jul 20 2024 - 06:00
