Stakeholders must offer concessions if INM restructuring is to be successfulBUSINESS OPINION: THE RESUMPTION of regular business after the summer holidays heralds fresh efforts by Independent News Media…Mon Aug 31 2009 - 01:00
Examinership not an option for INM, says O'ReillyINDEPENDENT NEWS Media (INM) chief Gavin O’Reilly has poured cold water over claims by key investor Denis O’Brien that an examinership…Sat Aug 29 2009 - 01:00
Harvey Norman says it will support struggling Irish operationAUSTRALIAN ELECTRICAL and furniture retailer Harvey Norman has said it will continue to support its struggling Irish operation…Sat Aug 29 2009 - 01:00
Pageant and NCB take over Xtra-vision in €32m dealDUBLIN INVESTMENT company Pageant Holdings and a fund run by NCB Stockbrokers have emerged as the buyers of entertainment chain…Sat Aug 29 2009 - 01:00
Government to provide key data on extent of stake in Nama institutionsTHE GOVERNMENT is preparing to provide key data next month on the ultimate extent of the State’s likely shareholding in the institutions…Fri Aug 28 2009 - 01:00
Eircom in €486m loss in year to JuneEIRCOM INCURRED an operating loss of €486 million in the year to June as the Australian investment fund that controls the company…Fri Aug 28 2009 - 01:00
IN&M defies O'Brien over sale of SA businessINDEPENDENT NEWS & Media (IN&M) has defied key investor Denis O’Brien to enter a deal to sell off its South African outdoor…Fri Aug 28 2009 - 01:00
AIB director faces external competition for chief executive jobLONG-SERVING AIB board member Colm Doherty faces competition from a “very strong” external candidate in the race to succeed departing…Thu Aug 27 2009 - 01:00
Dunne chooses unlimited status for key firmsDEVELOPER SEÁN Dunne has moved to shield from public view the fiscal affairs of two key companies in his property empire by adopting…Thu Aug 27 2009 - 01:00
Media advertising will not reach former highs for years, warns reportTHE EXCEPTIONAL decline in advertising spending in European media is easing, but several years will pass before media companies…Wed Aug 26 2009 - 01:00
Anglo's waiver from capital rules extendedTHE FINANCIAL Regulator has extended part of Anglo Irish Bank’s waiver from its capital rules until the end of the year due to…Fri Aug 21 2009 - 01:00
Nama may acquire up to €40bn worth of derivativesTHE NATIONAL Asset Management Agency (Nama) may acquire derivative instruments nominally valued at up to €40 billion as part …Fri Aug 21 2009 - 01:00
NTR to build solar plant in ArizonaUTILITY COMPANY NTR plans to build its first large-scale solar power plant with the deployment of 60 SunCatcher machines in Arizona…Thu Aug 20 2009 - 01:00
IN&M bondholders back extension of standstill pactTHE COMMITTEE of bondholders to Independent News & Media (IN&M) has told the company that it backs plans for a third …Thu Aug 20 2009 - 01:00
Greencore sounds out market over Zoe stakeFOOD COMPANY Greencore is working with stockbrokers to achieve an orderly placing of Liam Carroll’s 29Wed Aug 19 2009 - 01:00
IN&M seeks to extend bondholder deal againINDEPENDENT NEWS & Media (IN&M) is in talks about a third extension to its “standstill” deal with bondholders and banks…Wed Aug 19 2009 - 01:00
Government raises €1bn after strong demand at bond auctionTHE NATIONAL Treasury Management Agency (NTMA) has sold a further €1 billion in bonds, bringing it within €1 billion of the €…Wed Aug 19 2009 - 01:00
Bovale Ltd seeks support from AngloA BRITISH company controlled by developers Tom and Michael Bailey, who made a €22Mon Aug 17 2009 - 01:00
Appleby wrote to Lenihan over bank inquiryCORPORATE ENFORCEMENT director Paul Appleby sent letters to Minister for Finance Brian Lenihan and the board of Anglo Irish Bank…Mon Aug 17 2009 - 01:00
AIB shares gain 6% following approach by Canadian bankSHARES IN Allied Irish Banks made strong gains yesterday on foot of an informal investment approach from Canadian Imperial Bank…Sat Aug 15 2009 - 01:00
Canadian bank makes surprise approach for stake in AIBA MAJOR Canadian bank has proposed to take a stake in Allied Irish BanksFri Aug 14 2009 - 01:00
Smurfit shares up 8% as pretax profit fallsSHARES IN packaging company Smurfit Kappa brushed off an 88 per cent drop in interim earnings per share to close 8Thu Aug 13 2009 - 01:00
Ex-AIG head pays $15m to settle US fraud claimBUSINESSMAN MAURICE “Hank” Greenberg, one of the foremost figures in American commerce, has agreed to pay $15 million (€10.45…Fri Aug 07 2009 - 01:00
Eircom trust bids to keep tax-free profit sharingTHE EMPLOYEE trust that owns more than a third of Eircom is seeking approval from the Revenue to allow it to continue making …Fri Aug 07 2009 - 01:00
STT raises bid for Eircom HoldingsSINGAPORE TECHNOLOGIES Telemedia (STT) has increased its bid for Eircom’s main shareholder, intensifying expectation that a deal…Thu Aug 06 2009 - 01:00
Not only Zoe's fate in court's handsANALYSIS: The Supreme Court’s ruling will have ramifications for the entire property marketWed Aug 05 2009 - 01:00
IL&P makes impressive gains as Iseq surges 2.67%DUBLIN REPORT: Settlement date: August 6th Iseq: 2,865.73 (+74Tue Aug 04 2009 - 01:00
Supreme Court to hear appeal by Carroll todayDEVELOPER LIAM Carroll, seeking to avert a possible collapse of his €2Tue Aug 04 2009 - 01:00
O'Brien may be bypassed in IN&M bond dealBONDHOLDERS IN Independent News & Media (IN&M) are negotiating with the company on the resolution of an overdue €200 …Tue Aug 04 2009 - 01:00
Sharp fall in investment funds listing on the ISETHE NUMBER of new investment funds and sub-funds taking out a new listing on the Irish Stock Exchange (ISE) dropped to 104 in…Tue Aug 04 2009 - 01:00
IL&P bond issue raises another €1bnIRISH LIFE & Permanent (ILP), one of the six private financial institutions protected by the Government guarantee scheme, …Tue Aug 04 2009 - 01:00
Lenders may not set off loan lossesTAX LIABILITIES: MINISTER FOR Finance Brian Lenihan has raised the prospect that banks and building societies participating …Fri Jul 31 2009 - 01:00
Income will be sufficient - McDonaghINTEREST PAYMENTS: NAMA INTERIM chief Brendan McDonagh said the income stream from loan assets transferred into the new agency…Fri Jul 31 2009 - 01:00
Legislation gives Nama sweeping powersOVERVIEW: Charged with the management of 10,000 loans worth €90bn, Nama will be able to transfer, assign or sell property secured…Fri Jul 31 2009 - 01:00
One51 plans 'potential listing' of top divisionINVESTMENT FIRM One51 is making tentative plans to float its environmental services unit when market sentiment picks up.Thu Jul 30 2009 - 01:00
Government publishes draft legislation to establish NamaThe National Asset Management Agency (Nama) will be given sweeping powers to intervene in the property market under draft legislation…Thu Jul 30 2009 - 01:00
Accountancy body widens scope of Anglo directors inquiryACCOUNTANCY REGULATORS have widened the scope of an inquiry into the work of former Anglo Irish Bank directors Seán FitzPatrick…Wed Jul 29 2009 - 01:00
Lebedev declares interest in INM titlesRUSSIAN BILLIONAIRE Alexander Lebedev, owner of the Evening Standard in London, has publicly declared his interest in buying …Wed Jul 29 2009 - 01:00
Broadcasting regulators say O'Brien not in breach of rulesBROADCASTING regulators say the businessman Denis O’Brien does not control an “undue” share of the media market with his radio…Tue Jul 28 2009 - 01:00
INM bondholders ramp up pressure over €200m note failureBONDHOLDERS IN Independent News & Media (INM) are stepping up pressure on the firm over its failure to repay a €200 million…Sat Jul 25 2009 - 01:00
50,000 homeowners face rise in IL&P rateMORE THAN 50,000 mortgage-holders are facing an increase in their monthly repayments after Irish Life & Permanent (ILP) broke…Fri Jul 24 2009 - 01:00
Nama to bring foreign banks into 'bad bank' schemeTHE NATIONAL Asset Management Agency (Nama) is making plans for foreign banks not protected by State guarantee to Irish lenders…Fri Jul 24 2009 - 01:00
NTR seeks €668m for energy projectsUTILITY COMPANY NTR has engaged Goldman Sachs and Standard Chartered Bank to advise on its preparations to return to the international…Fri Jul 24 2009 - 01:00
Markets 'convinced' on viability of Irish financesMICHAEL SOMERS, chief of the National Treasury Management Agency, has declared that the Government has “turned the corner” in…Fri Jul 24 2009 - 01:00
New benchmarking round 'must not exclude pay cuts'CIVIL SERVICE REFORM: MORE THAN 300,000 public sector workers are facing the prospect of a new round of pay cuts after on expenditure…Fri Jul 17 2009 - 01:00
'Bord Snip' report calls for €5.3 billion in cutsThe 'An Bord Snip Nua' report has called for swingeing measures to eliminate as many as 17,358 public sector jobs as part of …Thu Jul 16 2009 - 01:00
Asset value rule to be simplifiedTHE INTERNATIONAL body that sets down the accounting standards applying to all companies and funds listed in Ireland has unveiled…Thu Jul 16 2009 - 01:00
Fugitive using Irish passport to avoid bribe charges in USA CZECH-BORN fugitive is relying on Irish citizenship he received in the controversial “passports for investment” scheme in an…Tue Jul 14 2009 - 01:00
Exporters warn State support needed urgentlyEXPORTERS HAVE urged the Government to conclude rapidly a promised State guarantee scheme to underpin their capacity to secure…Mon Jul 13 2009 - 01:00
Origo's operating profit plunges 70%THE DISTRIBUTION arm of the Sisk building group, whose brands include Toshiba entertainment products and Bosch appliances, has…Mon Jul 13 2009 - 01:00
