Pretax profits at Grafton Group up almost 90% to €25mPROFITS AT the group behind the Woodie’s DIY chain jumped almost 90 per cent to €25 million last year.Fri Mar 04 2011 - 00:00
Action against Elan over Johnson & Johnson dealA US LAW firm is taking a class action suit against Irish pharmaceutical developer Elan, claiming that a deal it did with multinational…Thu Mar 03 2011 - 00:00
Nama now owns €71bn of bank property loansSTATE TOXIC debt agency, Nama, now owns €71 billion worth of property loans given by Irish banks to developers during the boom…Thu Mar 03 2011 - 00:00
Group sees opportunities to spend acquisition fundANALYSIS: THERE ARE signs that CRH could step up spending on acquisitions and development in the year ahead.Wed Mar 02 2011 - 00:00
Pretax profits at CRH declined by 27% in 2010THE SHARE price of building materials giant CRH fell by almost 3 per cent yesterday after the company said pretax profits in …Wed Mar 02 2011 - 00:00
Leading lights profit from insolvencyAbout 30 companies a week entered an insolvency process last year, but who is running them now?Fri Feb 25 2011 - 00:00
Gaelectric to invest €68m in wind farmENERGY GROUP Gaelectric is planning to invest €68 million in a wind farm in Derry after getting the green light for the project…Fri Feb 25 2011 - 00:00
Hotelier to buy franchise for pizza chainHOTELIER MICHAEL Holland plans to buy the Four Star Pizza franchise in Ireland and Britain as part of a rescue plan for the chain…Wed Feb 23 2011 - 00:00
Bank of Ireland suing Savills in Britain over valuation of projectBANK OF IRELAND is suing property advisers Savills in Britain for £1Tue Feb 22 2011 - 00:00
Suppliers likely to be hit in Ellen wind-upUNSECURED CREDITORS are unlikely to recover any of the €8 million owed to them by Ellen Construction, which is currently being…Tue Feb 22 2011 - 00:00
McInerney may appeal court rulingBUILDING GROUP McInerney is considering appealing a High Court ruling that has left the company facing the likelihood it will…Fri Feb 18 2011 - 00:00
Irish group sells California solar projectIRISH GROUP NTR is selling its generating facility in Imperial Valley, California to multi-national rival, AES.Fri Feb 18 2011 - 00:00
Bord na Móna chief does not favour privatisationTHE MANAGING director of State energy company Bord na Móna Gabriel Darcy, said yesterday that he did not favour privatisation…Fri Feb 18 2011 - 00:00
High Court rejects rescue plan for McInerneyTHE HIGH Court yesterday rejected a rescue plan for housebuilder McInerney because the proposals were unfairly prejudicial to…Fri Feb 18 2011 - 00:00
Providence seeking €50m for drillingOIL AND gas exploration group Providence plans to raise almost €50 million to fund a drilling programme around Ireland and Britain…Thu Feb 17 2011 - 00:00
Nama deal would pay €25m to banks, says McInerneyBANKS OWED over €110 million by house builder McInerney would be unlikely to get much more than €25 million if the National Asset…Fri Feb 11 2011 - 00:00
Dublin hotelier refuses entry to appointed receiverHOTELIER JOHNNY Moran, who locked a receiver and management company out of his two properties yesterday, accused State-owned …Thu Feb 10 2011 - 00:00
Harcourt considers sale in BahamasPROPERTY GROUP Harcourt Developments is said to be considering the sale of a Bahamas resort it bought in 2007 but left undeveloped…Tue Feb 08 2011 - 00:00
Taggart brothers say bank's behaviour prevented possible recapitalisation of businessA DISPUTE over loan security with their bank prevented the Taggart brothers from bringing up to £70 million of new capital into…Mon Feb 07 2011 - 00:00
Taggarts sue Ulster Bank for damagesTHE TWO brothers behind one of the first construction businesses to fall victim to the crash are suing the bank that is pursuing…Sat Feb 05 2011 - 00:00
Belgian rival turns down Kingspan's €240m bidA BELGIAN rival has rebuffed insulation and construction materials group Kingspan’s €240 million for part of the business…Sat Feb 05 2011 - 00:00
Dublin bottom in real estate surveyDUBLIN TRAILS 26 other European cities for property development and investment in a real estate survey published today by PricewaterhouseCoopers…Fri Feb 04 2011 - 00:00
CRH and food stocks lift Iseq up close to 1%Iseq: 2,937.77 (+34.58) Settlement date: February 8th A LATE rally by its biggest stock, CRH, boosted the Dublin market on a…Fri Feb 04 2011 - 00:00
Building blocks of education - Interview with Miceál Sammon, The Sammon GroupTHE FRIDAY INTERVIEW: Miceál Sammon , The Sammon GroupFri Feb 04 2011 - 00:00
CRH rally drives on IseqA late rally by its biggest stock, CRH, boosted the Dublin market on a day when most European indices finished flat or slightly…Thu Feb 03 2011 - 00:00
DCC expects operating profits ahead of target due to high energy demandENERGY DEMAND during the severe winter boosted revenues at DCC, which now expects operating profits for its current financial…Thu Feb 03 2011 - 00:00
Construction Federation warns of new homes shortagesFEWER THAN 25,000 new homes are unsold around the Republic, raising the risk there will be a shortage if the economy recovers…Wed Feb 02 2011 - 00:00
Anglo sells $147m loan for 50% discountSTATE-OWNED Anglo Irish Bank has sold a $147 million (€108 million) development loan for a high-end New York property for a near…Sat Jan 29 2011 - 00:00
Tullow expects price increases will bring 2010 revenues to €800mTULLOW OIL expects revenues for last year to have reached €800 million on the back of increased prices, the exploration and production…Fri Jan 28 2011 - 00:00
French group takes stake in OpenhydroA FRENCH naval submarine and nuclear technology group has paid €14 million for a stake in Irish tidal energy developer Openhydro…Fri Jan 28 2011 - 00:00
AIB may force some creditors to take shares for debtAIB MAY have to force some creditors into accepting shares in the bank as repayment for their debts in order to meet new capital…Thu Jan 27 2011 - 00:00
€22m Abu Dhabi deal gives boost to Kentz share priceSHARES IN Irish engineering group, Kentz, traded up yesterday after the company announced a new €22 million deal with a long-…Thu Jan 27 2011 - 00:00
Niche Group likely to take up licences in TurkeyNICHE GROUP, the exploration company backed by Irish businessman John McKeon, is likely to snap up further licences in Turkey…Wed Jan 26 2011 - 00:00
Acting in good faithON THE RECORD: Ronan Foley, chief executive of Ecclesiastical Insurance: BECOMING A leading corporate donor sounds like an honourable…Fri Jan 21 2011 - 00:00
SSE Renewables made profits of €14.2 million last yearSCOTTISH AND Southern Energy’s Irish-based green electricity business, SSE Renewables, made profits of €14Wed Jan 19 2011 - 00:00
Banks' plan for McInerney not feasible, says directorA BANK syndicate’s plan to take over the business of house builder McInerney and run it for 11 years to recoup a €113 million…Tue Jan 18 2011 - 00:00
Application to have O'Reilly firm wound upTWO BUSINESSMEN are seeking to have one of developer Jeremiah O’Reilly’s companies wound up in a row over a €400,000 property…Tue Jan 18 2011 - 00:00
Decision on ESB break-up in fortnightTHE GOVERNMENT has just two weeks to decide on the proposed break-up of State-owned energy company the ESB.Mon Jan 17 2011 - 00:00
McInerney seeks High Court review of its decision to refuse rescue planHOUSE BUILDER McInerney wants the High Court to review its decision to refuse a rescue plan for the troubled group as its debts…Sat Jan 15 2011 - 00:00
Galway nightclub and off-licence chain goes into liquidationA GROUP of high-profile Galway venues and a connected off-licence chain went into liquidation yesterday with total losses of …Sat Jan 15 2011 - 00:00
Supreme Court appeal among options considered by builderANALYSIS: US investors Oaktree Capital are still keen on McInerney Homes – and the Irish marketTue Jan 11 2011 - 00:00
McInerney rescue plan rejected by judgeTHE HIGH Court has turned down a proposed rescue plan for housebuilder McInerney because it was unfairly prejudicial to its bank…Tue Jan 11 2011 - 00:00
Big rise in borrowing by Green Energy to fund Cork wind farmBORROWINGS AT Scottish and Southern-backed wind farm developer Green Energy Ltd almost trebled to €76 million last year as the…Mon Jan 10 2011 - 00:00
Banks to appoint McInerney receiverThree banks are likely to appoint a receiver to house builder McInerney later this week after the High Court refused to allow…Mon Jan 10 2011 - 00:00
DIY group Grafton to buy 10 branches from UK rivalTHE OWNER of the Atlantic Homecare and Woodies DIY chains plans to buy 10 heating and plumbing supply branches from British rival…Sat Jan 08 2011 - 00:00
Tale of two recessions for man once worth €500mPROFILE: RECESSIONS SEEM to play pivotal roles in developer Jim Mansfield’s career – the 1980s downturn was the making of him…Sat Jan 08 2011 - 00:00
Boylesports may bid for Celtic outletsBOYLESPORTS HAS emerged as a possible bidder for some of the shops set to be vacated by the Celtic Bookmakers chain, which went…Fri Jan 07 2011 - 00:00
CRH, Grafton decline in light trading sessionDUBLIN REPORT: Iseq: 2,865.83 (–4Fri Jan 07 2011 - 00:00
CRH's worst performance in two months as it sheds 4%DUBLIN REPORT: Iseq: 2,869.84 (–46.24) Settlement date: January 8thThu Jan 06 2011 - 00:00
CRH spends €540m on 48 acquisitionsBUILDING MATERIALS giant, CRH, spent close to €540 million on buying up smaller rivals last year, with the bulk of the activity…Thu Jan 06 2011 - 00:00
