Auditors failed to report banks were lending too much to developersACCOUNTANTS: THE ACCOUNTANTS who were supposed to act as watchdogs over bank finances generally failed to report that they were…Wed Apr 20 2011 - 01:00
Builders' representatives meet developer over payment delaysINDUSTRY REPRESENTATIVES have met construction and property development group, P Elliott, after subcontractors raised concerns…Wed Apr 20 2011 - 01:00
Canadian rival buys $1m stake in Irish online gaming firm CryptologicAMAYA GAMING, a Canadian rival of online gambling software specialist Cryptologic, is building a stake in the Irish-based firm…Wed Apr 20 2011 - 01:00
Executives feared breaking from herd mentalityMAINSTREAM LENDERS: BANK EXECUTIVES feared they would be punished formally or informally if they broke with the herd mentality…Wed Apr 20 2011 - 01:00
Sammon takes over €20m joint school dealTHE SAMMON building group is taking full control of a joint venture it had established with Cavan-based rival P Elliott, to build…Tue Apr 19 2011 - 01:00
Quinn cites reliance on banks for collapseSEÁN QUINN has blamed over-reliance on the banks and their economic predictions for the group’s problems.Tue Apr 19 2011 - 01:00
Tullow Oil sues ex-partner for €220mOIL EXPLORATION and production group Tullow is suing its former partner in the development of two of its Ugandan licences, Heritage…Tue Apr 19 2011 - 01:00
State on target to meet bailout termsGROWTH FORECAST: LOWER THAN expected economic growth in the Republic this year is unlikely to prevent the State from meeting…Sat Apr 16 2011 - 01:00
Anglo Irish and Liberty Mutual to take over insurerQUINN INSURANCE: A JOINT venture between US insurance giant, Liberty Mutual, and Anglo Irish Bank is set to take over Quinn …Fri Apr 15 2011 - 01:00
Nama to sell nine Quinlan propertiesA RECEIVER appointed by the State’s National Asset Management Agency is set to put nine properties owned by developer Derek Quinlan…Fri Apr 15 2011 - 01:00
Nama interest in Quinlan assets at home and abroadBACKGROUND: Properties taken over yesterday by Nama are dotted around Dublin’s swisher addressesFri Apr 15 2011 - 01:00
State seizes Quinlan properties over unpaid borrowingsTHE STATE has seized a number of properties belonging to property dealer Derek Quinlan, after he failed to repay a debt said …Fri Apr 15 2011 - 01:00
Eirgrid says transfer of grid could save €40m a yearELECTRICITY USERS could save an average of €40 million a year if ownership of the Republic’s national were transferred to Eirgrid…Fri Apr 15 2011 - 01:00
Nama to sell nine Quinlan propertiesA receiver appointed by the State’s National Asset Management Agency is set to put nine properties owned by developer Derek Quinlan…Fri Apr 15 2011 - 01:00
Swift return in blame game: John Bruton hits back at ECB memberTHE EUROPEAN Central Bank (ECB) executive board member who said that the Republic’s taxpayers must carry the cost of bailing …Thu Apr 14 2011 - 01:00
Nama to ask developer why it should not take over €2bn of his bank loansANALYSIS: Court rules that Nama has to give Paddy McKillen a fair hearing over his loansWed Apr 13 2011 - 01:00
Nama may provide mortgage financeTHE NATIONAL Asset Management Agency (Nama) is looking at ways of providing mortgage finance to banks in an attempt to energise…Wed Apr 13 2011 - 01:00
Nama forces Quinlan to sell London skyscraperSTATE AGENCY Nama has forced property developer Derek Quinlan to put a high-profile London property on the market to clear a €…Tue Apr 12 2011 - 01:00
CIF warns of just 80,000 jobs in building sectorJOBS IN the Republic’s building industry will shrink to about 80,000, less than half what it should be, unless the Government…Tue Apr 12 2011 - 01:00
Treasury to control over 40% of new Battersea site firmTREASURY HOLDINGS will control more than 40 per cent of the new firm that will take over ownership of London’s Battersea Power…Tue Apr 12 2011 - 01:00
UK firm registers judgment against Pierse parentA BRITISH engineering services firm has registered a judgment for almost €100,000 against the parent of Pierse Contracting, the…Sat Apr 09 2011 - 01:00
Iseq up over 1% and leads way in gains across EuropeIseq: 2,981.42 (+33.17) Settlement date: April 9th: THE IRISH market outperformed its peers yesterday on the back of gains by…Thu Apr 07 2011 - 01:00
Over €10m in profits for Pallas FoodsPALLAS FOODS, the Limerick-based group sold to US giant Sysco for a reported €200 million, made over €10 million in profits last…Thu Apr 07 2011 - 01:00
Oaktree plan for McInerney remains on courseUS FUND Oaktree Capital’s plans to invest in troubled house builder McInerney Homes will not be affected by the decision of two…Wed Apr 06 2011 - 01:00
IRISH LIFE & PERMANENTIRISH LIFE & Permanent (IL&P) plans to float its pensions and investment business on the stock market to boost its capital…Fri Apr 01 2011 - 01:00
Over €6m paid to CRH executivesBUILDING MATERIALS giant CRH paid its executives slightly less in 2010 than the previous year, according to its annual report…Fri Apr 01 2011 - 01:00
Tullow sells share in oil licences for $2.9bnEXPLORATION GROUP Tullow took another step towards the development of its potentially lucrative Uganda licences with the sale…Thu Mar 31 2011 - 01:00
IL&P to float parts of businessIrish Life & Permanent (IL&P) plans to float its pensions and investment business on the stock market to boost its capital…Thu Mar 31 2011 - 01:00
AIB to sell four loans businesses to GSOASSET SALES: AIB IS set to sell four businesses that allow people to invest in corporate loans to a division of private equity…Thu Mar 31 2011 - 01:00
Mansfields drop firm running golf courseAN ACCOUNTANCY firm hired by the Mansfield family to run its golf course at Palmerstown, Co Kildare, is considering legal action…Wed Mar 30 2011 - 01:00
Kentz revenues top $1bn for first time and profits risePROFITS AT engineering specialist Kentz grew 50 per cent to $67Tue Mar 29 2011 - 01:00
Ardagh set to buy Italian firm for €125mIRISH-BACKED glass and packaging group Ardagh is set to buy a smaller rival in Italy in a deal valued at about €125 million…Tue Mar 29 2011 - 01:00
Workers at ESB unwilling to take pay cutESB WORKERS are not prepared to enter talks on plans to cut payroll costs by €140 million unless they get a guarantee that the…Mon Mar 28 2011 - 01:00
Energy firm GE to expand workforceMULTINATIONAL FIRM GE is recruiting 20 engineers and IT staff this year as it continues to invest in its energy business in Ireland…Mon Mar 28 2011 - 01:00
Jerry O'Reilly steps down as director of BelltrapDEVELOPER JERRY O’Reilly has resigned from Belltrap, a company associated with himself and fellow property player Bernard McNamara…Mon Mar 28 2011 - 01:00
Online gaming specialist weighs up sale moveINTERNET GAMBLING software specialist Cryptologic is considering the possibility of a sale of all or part of the business in …Sat Mar 26 2011 - 00:00
Lynch to stay as CIÉ chief for three monthsTHE GOVERNMENT has asked Dr John Lynch to stay on as executive chairman of CIÉ for three more months but has pledged to shake…Sat Mar 26 2011 - 00:00
ESB planning to cut payroll bill by €140mTHE ESB intends to cut about €140 million from its wage bill as it attempts to soften the impact of losing 800,000 customers …Fri Mar 25 2011 - 00:00
Luring visitors from abroadFRIDAY INTERVIEW: Niall Gibbons, Tourism Ireland: TOURISM IRELAND is going back to basicsFri Mar 25 2011 - 00:00
ESB chief to retire a year before end of contractESB CHIEF executive Pádraig McManus plans to retire shortly, a year before his contract at the helm of the State-owned energy…Thu Mar 24 2011 - 00:00
Tribunal challenged to prove findings in courtDUNNE REACTION: BUSINESSMAN BEN Dunne challenged the Moriarty tribunal to prove its findings against him in court after its …Wed Mar 23 2011 - 00:00
Gambling software firm trims lossesLosses at online gambling software firm Cryptologic fell 42 per cent last year to €14 million, according to company figures released…Wed Mar 23 2011 - 00:00
Fine on Sisk cut by more than 90%A BRITISH competition law appeals body yesterday cut a fine imposed in 2009 on Irish builder Sisk by over 90 per cent.Sat Mar 12 2011 - 00:00
Providence to begin testing oil flow in Celtic Sea findsOIL AND gas exploration group Providence will begin oil flow testing on its discoveries in the Celtic Sea this summer, its chief…Sat Mar 12 2011 - 00:00
K Club expects to incur further losses and has submitted business planTHE MICHAEL Smurfit-backed K Club expects to lose money this year and has submitted a business plan, according to its latest …Sat Mar 12 2011 - 00:00
Recession takes its toll on sport of kings and property developersANALYSIS: The number of horses in training in Ireland has taken a tumble from its boomtime peakFri Mar 11 2011 - 00:00
International issues hurt IseqSlowing Chinese export growth, a ratings cut for Spain and a concerns over yesterday’s Portuguese bond issue put European stocks…Thu Mar 10 2011 - 00:00
