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Revenue looking at 89 cases of serious tax and customs evasion

The Revenue Commissioners are investigating 89 cases of serious tax and customs evasion, figures released yesterday show.

Sat Jan 05 2013 - 00:00

Ballymore's British arm €1bn in deficit

The British subsidiary of Nama-backed developer Ballymore Properties was €1 billion in the red at the end of March, the latest…

Thu Jan 03 2013 - 00:00

UK is clamping down on Irish 'bankruptcy tourism'

UK courts are clamping down on Irish businesspeople attempting to avail of that jurisdiction’s easier bankruptcy laws, according…

Sat Dec 22 2012 - 00:00

US budget impasse pushes Europe lower

European stocks slid yesterday as fears grew that the US will not resolve its budget deadlock ahead of the new year.

Sat Dec 22 2012 - 00:00

Glen Dimplex says heating system may knock €650m off domestic heating bills

Manufacturing group Glen Dimplex is investing €10 million in a new product that it says could knock €650 million a year off Irish…

Thu Dec 20 2012 - 00:00

Loss of £1.5m at Fastnet primarily due to cost of floating in London

Newly floated explorer Fastnet Oil & Gas lost £1

Wed Dec 19 2012 - 00:00

French firm to take control of Openhydro

French nuclear technology and defence giant DCNS yesterday confirmed that it intends to take up its option to take control of…

Sat Dec 15 2012 - 00:00

Investors await US tax and spending deal

European markets remained quiet yesterday as investors watched US lawmakers continue their search for an agreement that will …

Sat Dec 15 2012 - 00:00

Firm led by Tynagh founder loses €15m on sale of energy business

An investment company led by Tynagh Energy founder Bran Keogh has lost about €15 million on the sale of a California company …

Sat Dec 15 2012 - 00:00

Stock market regulator to use Irish software

Irish technology group First Derivatives is to provide software and management services to Australia’s stock market watchdog …

Fri Dec 14 2012 - 00:00

Porterhouse owners in legal dispute

The Porterhouse pub and nightclub chain is embroiled in a legal row ahead of a Bank of Scotland High Court bid to seize control…

Fri Dec 14 2012 - 00:00

Unfair dismissal claim against McInerney Holdings to proceed

A tribunal has cleared the way for a €1 million unfair dismissal claim by former McInerney Holdings plc managing director Barry…

Thu Dec 13 2012 - 00:00

Santos to invest €8m in firm with plans to drill in Ireland

Australian exploration giant Santos plans to invest €8 million in Tamboran Resources, the company with controversial plans to…

Thu Dec 13 2012 - 00:00

Tullow shares fall after results from two exploration ventures

Shares in exploration group Tullow tumbled yesterday following a series of announcements that included a €287 million acquisition…

Wed Dec 12 2012 - 00:00

Another difficult year predicted

Davy forecasts put growth for Irish economy below that expected by the Government or the troika

Tue Dec 11 2012 - 00:00

Fastnet sets out schedule for oil and gas fields

Exploration group Fastnet hopes to start shipping oil and gas from two discoveries off the south coast between 2014 and 2016.

Fri Dec 07 2012 - 00:00

Europe advances as US treads water

European markets advanced yesterday, while US stocks edged ahead in later trading, as investors were reluctant to bet heavily…

Fri Dec 07 2012 - 00:00

Full Tilt ahead on recruitment drive for relaunched poker site

Full Tilt, the poker website rescued in August after legal and licensing problems shut it down, is on a recruitment drive.

Thu Dec 06 2012 - 00:00

Fiscal cliff talks hold markets in check

President Barack Obama’s rejection of Republican proposals to end the fiscal cliff deadlock kept a rein on activity yesterday…

Wed Dec 05 2012 - 00:00

Former McInerney MD seeks €1m damages in unfair dismissal case

Former McInerney Holdings managing director Barry O’Connor is seeking €1 million in compensation from the building group in an…

Wed Dec 05 2012 - 00:00

Pension fund to invest in SMEs

The National Pension Fund will invest in small business and the Government will bring forward measures to cut enterprise costs…

Wed Dec 05 2012 - 00:00

Online betting firms may be struck off

Two Irish businesses facing legal action in the US for breaches of commodity trading regulations could be dissolved and struck…

Mon Dec 03 2012 - 00:00

Bord Gáis seeking meter suppliers ahead of 2014 water charges

Bord Gáis is seeking suppliers for the water meters that will be installed in more than one million homes in the Republic from…

Mon Dec 03 2012 - 00:00

China-Europe trade hub seeks investors

The promoter of the planned China-Europe trade hub in Athlone is seeking new investors amid reports that the €175 million project…

Sat Dec 01 2012 - 00:00

Co-op seeks to borrow €15m from members rather than banks

Dairygold is turning to shareholders rather than the banks to borrow some of the cash it needs to fund a €120 million programme…

Thu Nov 29 2012 - 00:00

Stocks up on US optimism on fiscal cliff

European stocks made some ground yesterday as there were signs that the US can avoid enforced tax increases, spending cuts and…

Thu Nov 29 2012 - 00:00

Online betting firm faces court action

An Irish online betting company backed by high-profile Wall Street hedge fund owners is facing court action and possible fines…

Wed Nov 28 2012 - 00:00

Water meter installers sought

The Department of the Environment is seeking local sub-contractors to work on the installation of water meters on more than one…

Mon Nov 26 2012 - 00:00

Most executives believe public sector reform too slow

Almost all executives believe the pace of public sector reform is too slow and think the Croke Park pay deal has had a negative…

Mon Nov 26 2012 - 00:00

New Burlington Hotel owners seek further properties

Private equity giant Blackstone, which has bought the Burlington Hotel for €67 million, is seeking further property investments…

Mon Nov 26 2012 - 00:00

AIB launches simplified loan scheme for SMEs

AIB will announce today that it is launching a new simplified loan-application procedure for small and medium-sized businesses…

Mon Nov 26 2012 - 00:00

City Bin Co to compete with Greyhound

Waste manager the City Bin Co plans to take on Greyhound in the Dublin market.

Mon Nov 26 2012 - 00:00

Export of wind-powered electricity to UK on track

The Irish and British governments are on track to sign up to the first element of a deal next month that will pave the way for…

Sat Nov 24 2012 - 00:00

Irish stud takes action against mining tycoon

Irish racehorse breeding operation Kildangan Stud is taking legal action against Australian coal mine tycoon Nathan Tinkler, …

Sat Nov 24 2012 - 00:00

Chinese manufacturing data lifts stocks

Data signalling growth in Chinese manufacturing boosted markets yesterday, helping European stocks to gain ground for the fourth…

Fri Nov 23 2012 - 00:00

Planet Business

Compiled by BARRY O'HALLORAN

Fri Nov 23 2012 - 00:00

Fastnet to use €18m raised to begin drilling off Morocco

Exploration group Fastnet will use the €18 million it raised yesterday to pay for planned projects in Morocco and the Celtic …

Fri Nov 23 2012 - 00:00

Bord Gáis raises €500m in bond sale

State-owned energy group Bord Gáis will use the €500 million it raised through yesterday’s bond issue to refinance part of its…

Thu Nov 22 2012 - 00:00

EU Commission investigating use of €150m in State aid by Bus Éireann

The European Commission is investigating claims that Bus Éireann is using some of the €150 million it receives for the school…

Thu Nov 22 2012 - 00:00

Survey finds 77% of family businesses expect sales to grow in next five years

Family-owned businesses are surviving the recession well but face challenges on several fronts, a new study shows.

Wed Nov 21 2012 - 00:00

Fitting of water meters to begin next summer

The process of fitting water meters to more than one million homes will begin from next July, it has emerged.

Wed Nov 21 2012 - 00:00

Accounts contradict statements in court

Bus Éireann’s latest accounts contradict statements that it has made publicly and to the High Court about its €150 million relationship…

Sat Nov 17 2012 - 00:00

Twenty-four employees paid €400,000 or more per year

Twenty-four Bank of Ireland staff are paid €400,000 or more, according to figures released by Minister for Finance, Michael Noonan…

Fri Nov 16 2012 - 00:00

United Drug says it will continue expansion as profits increase 9%

United Drug is likely to continue with the expansion that saw it spend €170 million on buying up rivals in its last financial…

Thu Nov 15 2012 - 00:00

Tullow hits 85,000 barrels a day

Production from Tullow Oil’s Jubilee Field off the coast of Ghana recently hit 85,000 barrels a-day, indicating that it is on…

Thu Nov 15 2012 - 00:00

Developer declared bankrupt in London

Developer Fergal O’Mahoney has become the latest Irish property player to be declared bankrupt in a UK court.

Thu Nov 15 2012 - 00:00

Goode case: What happens next

The decision by Mr Justice John Cooke to step back from the Goode Concrete case could result in the reopening of another competition…

Wed Nov 14 2012 - 00:00

Firm's trading update warns fall in value of assets will hit profits and earnings

A fall in the value of some assets will hit profits and earnings at CRH, the building materials giant predicted yesterday.

Wed Nov 14 2012 - 00:00

ESB raises €500m in bond sale

State energy group the ESB is borrowing €500 million from European finance institutions to fund further investment and refinance…

Tue Nov 13 2012 - 00:00

Positive oil data set to drive Irish exploration

Positive recent newsflow and a renewed interest in the potential of the Republic’s territorial waters are likely to drive an …

Tue Nov 13 2012 - 00:00
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