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
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
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
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
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
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
€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
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
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
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
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
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
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
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
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
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
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
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
IDA-backed multinationals created 1,350 net new jobs last year, agency figures showIDA Ireland-backed multinationals created 1,350 net new jobs last year, according to figures released by the development agency…Wed Jan 05 2011 - 00:00
Irish consultancy DPS buys US project manager BiometricsPROJECT MANAGEMENT and consultancy firm DPS Engineering is expanding into the US with the purchase of Biometrics, a Massachusetts…Tue Jan 04 2011 - 00:00
Over 1,500 firms go out of business over debtsAN AVERAGE of 30 companies went to the wall and an estimated 1,075 jobs were lost every week during 2010, according to figures…Tue Jan 04 2011 - 00:00
NY developers suing AngloTwo New York developers are suing State-owned Anglo Irish Bank for $1 billion (€750 million) in a dispute over funding for three…Sat Jan 01 2011 - 00:00
Iseq makes ground in light tradingThe Irish stock market made some ground in a half-day session that finished at lunchtime and during which trading was particularly…Fri Dec 31 2010 - 00:00
21% changed electricity suppliers in 2009INCREASED COMPETITION led one in five Irish electricity customers to switch supplier during 2009, higher than anywhere else in…Mon Dec 27 2010 - 00:00
State bodies to create 30,000 jobs - MinisterSTATE AGENCIES such as IDA Ireland will create almost 30,000 new jobs next year, Minister for Enterprise, Trade and Innovation…Mon Dec 27 2010 - 00:00
Paddy Power set to secure 100% stake in SportsbetLISTED BOOKMAKER Paddy Power is set to buy out the remaining 39 per cent stake in its Australian subsidiary for €100 million…Fri Dec 24 2010 - 00:00
Carroll firm under receivership pays €1.4m to creditorsONE OF the businesses in Liam Carroll’s collapsed property development empire paid €1Fri Dec 24 2010 - 00:00
Ratings agency says Ardagh loan for takeover is 'high risk'CREDIT RATINGS agency Moody’s yesterday classed the €1Thu Dec 23 2010 - 00:00
Law reform could lead to 'resort' casinoPROPOSALS TO modernise the Republic’s gambling legislation, published by Minister for Justice Dermot Ahern, could pave the way…Thu Dec 23 2010 - 00:00
Mayor of London gives green light to €6.5bn Battersea Power Station planLONDON’S MAYOR Boris Johnson has given the green light to Irish developer Real Estate Opportunities’ (REO) proposed redevelopment…Thu Dec 23 2010 - 00:00
ESB deal for North's networks completedTHE ESB owns Northern Ireland’s electricity networks after formally completing an agreed deal to buy the business from its owner…Wed Dec 22 2010 - 00:00
High Court to rule on €48m McInerney rescue in JanuaryTHE HIGH Court will rule on the €48 million rescue proposal for house-builder McInerney on January 10th after the latest stage…Wed Dec 22 2010 - 00:00
ECB wants changes to Bill tackling banking crisisTHE EUROPEAN Central Bank (ECB) wants the Government to change legislation that gives the Minister for Finance broad powers to…Tue Dec 21 2010 - 00:00
Court told banks' plan unlikely to beat €25mTHREE BANKS seeking to have house builder McInerney placed in receivership would be unlikely to get a better deal than the €25…Tue Dec 21 2010 - 00:00
Betting tax on online operators may make them move offshorePROPOSALS TO apply betting tax to online operators could force bookmakers to move offshore and cost jobs if they are not applied…Mon Dec 20 2010 - 00:00
AIB facing 100 new claims in courts over staff bonusesAIB IS facing at least 100 new claims in the courts after staff from its capital markets division began legal action for the …Sat Dec 18 2010 - 00:00
Joint venture to spend €180m on US wind farmA JOINT venture involving Airtricity founder Eddie O’Connor’s Mainstream Renewable Energy plans to spend €180 million building…Fri Dec 17 2010 - 00:00
New group plans to claim for AIB bonusesA SECOND group of AIB workers was yesterday planning to file claims for bonus payments ranging from €3,000 to €38,000 with the…Fri Dec 17 2010 - 00:00
Breaking up is hard to do for Government and power giantANALYSIS: SPLITTING THE ESB into power plants on the one hand and the national grid on the other was never going to be an easy…Wed Dec 15 2010 - 00:00
New report boosts argument for keeping ESB intactA NEW report paves the way for the Government to do a U-turn on its policy to break up the State’s biggest energy company, the…Wed Dec 15 2010 - 00:00
Payments could not be tolerated in light of €13.5bn bill for taxpayerBACKGROUND: Following a challenge to a deferred bonus by a capital markets trader, it emerged that AIB was paying €40m in bonuses…Tue Dec 14 2010 - 00:00
