United Drug looks to lay off 150 staff from supply sideHEALTHCARE SERVICES group, United Drug, is seeking to lay off up to 150 workers from its Irish supply business, the company confirmed…Sat Aug 27 2011 - 01:00
Eircom asks banks owed €2.7bn to waive key terms of loan agreementsTELECOMS GROUP Eircom has asked a group of banks owed €2Sat Aug 27 2011 - 01:00
Ardagh to defer Wall Street flotation until markets settlePACKAGING GIANT Ardagh will hold off on its planned flotation on Wall Street until the markets have recovered from their latest…Fri Aug 26 2011 - 01:00
Commodity watchPLANET BUSINESS: Prices of up to $1,900 an ounce have sparked a new gold rush to the Yukon in Canada, where mining companies…Fri Aug 26 2011 - 01:00
High costs cited as Kenmare records pretax losses of $14m in MozambiqueKENMARE RESOURCES made a profit of $10 million from the operation of its titanium mine at Moma in Mozambique in the first six…Fri Aug 26 2011 - 01:00
Recession not good for Guinness as Irish sales droopTHE RECESSION appears to be driving Irish people away from drink.Fri Aug 26 2011 - 01:00
Tullow to finalise $2.9bn sale of Ugandan licences next monthEXPLORATION AND production group Tullow Oil expects to complete a $2Thu Aug 25 2011 - 01:00
Kingspan half-year profits at €41.7mPROFITS AT insulation specialist Kingspan hit almost €42 million in the first six months of this year, an increase of 26 per …Tue Aug 23 2011 - 01:00
Oracle set to recruit 75 workers for Irish operationHI-TECH multi-national, Oracle, is seeking to add 75 staff to its Irish operation and is due to begin a recruitment drive across…Sat Aug 13 2011 - 01:00
Bowen firm owed €10m before takeoverBUILDING GROUP Bowen’s British business owed almost €10 million to subcontractors before court-appointed administrators took …Sat Aug 13 2011 - 01:00
Cryptologic posts pretax profits of nearly $500,000 for Q2A DUBLIN-based internet gaming software specialist, Cryptologic, has reported profits before tax of almost $500,000 in the second…Fri Aug 12 2011 - 01:00
Kingspan raises €141m in bond sale to group of US financial institutionsINSULATION AND building materials specialist Kingspan has raised €140 million through the sale of bonds to a group of US financial…Fri Aug 12 2011 - 01:00
CRH forced to sell stake in venture for €570mA TRIBUNAL has ordered building materials giant CRH to sell its stake in a Portuguese business for €570 million, ending a two…Fri Aug 12 2011 - 01:00
Smurfit's operating profits up 52%PACKAGING SPECIALIST Smurfit Kappa Group’s operations earned profits of €315 million in the first six months of the year, the…Thu Aug 11 2011 - 01:00
PayPal to create 200 jobs at Blanchardstown basePAYPAL’S IRISH-BASED European services business earned profits of €5.7 million last year, the latest figures show.Wed Aug 10 2011 - 01:00
S&P fears US debt of $20 trillion within decadeS&P RESPONSE: THE PROSPECT of US government debt reaching $11 trillion this year was one of the factors that prompted a …Tue Aug 09 2011 - 01:00
Building body warns against restricting property tax reliefsPROPOSALS TO restrict property-based tax reliefs will result in more mortgage defaults and insolvencies, according to the Construction…Mon Aug 08 2011 - 01:00
Cullen's car business turned €900,000 profit for 2010APPRENTICE SUPREMO Bill Cullen’s car sales business turned a €900,000 profit in 2010, but a writedown in the value of its land…Sat Aug 06 2011 - 01:00
Superquinn suppliers get policy boostSOME SUPERQUINN suppliers who lost out when the banks placed it in receivership over a fortnight ago are set to be paid from …Fri Aug 05 2011 - 01:00
Cheltenham dents Ladbrokes profitsA RECORD number of Cheltenham winners hit bookmaker Ladbrokes Irish profits, but the British-based group said yesterday that …Fri Aug 05 2011 - 01:00
Petroneft shares soar over 20% after oil found in RussiaDUBLIN AND London-listed explorer Petroneft’s shares surged by more than 20 per cent yesterday after the company announced that…Fri Aug 05 2011 - 01:00
A tale of low and high pricing emerges in evidenceBACKGROUND: Tom Goode claims that there was a cartel operating in the Dublin marketWed Jul 27 2011 - 01:00
Retailer's receivership freezes out suppliersA FREEZE imposed on Superquinn’s bank accounts prevented the retailer from honouring cheques issued to creditors before it was…Mon Jul 25 2011 - 01:00
Baltic firm is potential bidder for SuperquinnBALTIC-BASED RETAIL and pharmacy giant, VP Group, has emerged as a potential bidder for Superquinn, whose receivership and sale…Sat Jul 23 2011 - 01:00
Superquinn takeover turns sourThe transition to being taken over by Musgrave had been going to plan – until yesterdayFri Jul 22 2011 - 01:00
Bord Gáis gets €500m to refinance loan facilitySTATE ENERGY company Bord Gáis has raised €500 million from a group of international banks to refinance some of its existing …Thu Jul 21 2011 - 01:00
Creditors expected to get about half of €51m owed to themSUPERQUINN’S suppliers are owed a total of €51 million and are likely to recover about half of that directly from the receivers…Wed Jul 20 2011 - 01:00
Musgrave to hold pay talks with Superquinn staffTAKEOVER DEAL: MUSGRAVE GROUP is set to open talks with unions representing Superquinn’s 2,800 workers on pay, conditions and…Wed Jul 20 2011 - 01:00
Retail group stepped up takeover talks last weekTALKS ON the deal that yesterday led to Musgrave agreeing to take over troubled grocery chain Superquinn began in earnest last…Wed Jul 20 2011 - 01:00
Profits at State-owned Bord na Móna increased by 29% to €16.7m this yearPROFITS AT State-owned peatlands manager and energy company Bord na Móna increased by almost 29 per cent to €16Tue Jul 19 2011 - 01:00
Superquinn placed in receivership with debts of €400mMUSGRAVE GROUP, one of troubled Superquinn’s main rivals, is among a number of potential bidders for the grocery chain, which…Tue Jul 19 2011 - 01:00
Ballot on removing McInerney boardMcINERNEY HOLDINGS plc shareholders will be given the opportunity to vote for a proposal put forward by rebel shareholder, Peter…Sat Jul 16 2011 - 01:00
Profits down at McCauley chemistsOPERATING PROFITS at independent pharmacy chain Sam McCauley Chemists fell by two-thirds last year to €2Fri Jul 15 2011 - 01:00
RTÉ cut losses by two-thirds to €4.7m, broadcaster's annual report showsSTATE BROADCASTER RTÉ cut losses by two-thirds last year to €4Thu Jul 14 2011 - 01:00
Subcontractor in Thornton Hall dispute ceases trading with loss of 90 jobsTHE BUILDING subcontractor at the centre of a dispute at the site of the proposed Thornton Hall prison has ceased trading with…Thu Jul 14 2011 - 01:00
Rebel shareholder seeks to sack board at McInerneyMcINERNEY HOLDINGS is set to consider a rebel shareholder’s proposal to remove the company’s board at a formal meeting.Wed Jul 13 2011 - 01:00
McInerney plc faces wind-upTHE BOARD of troubled housebuilder McInerney is proposing to wind up its listed parent company and says that no equity value …Fri Jul 08 2011 - 01:00
London subsidiary of Bowen is insolventTHE BRITISH subsidiary of Bowen Construction is insolvent and under the control of high court-appointed administrators.Thu Jul 07 2011 - 01:00
CRH awaits approval of €100m takeoverBUILDING MATERIALS group, CRH, is waiting for regulators to approve a €100 million takeover of a family-owned rival with businesses…Thu Jul 07 2011 - 01:00
Full Tilt Poker may be dealt new handPOTENTIAL NEW investors are circling Full Tilt Poker, raising the possibility that the gambling website, which employs 700 people…Thu Jul 07 2011 - 01:00
Tullow expects revenues for first half of year to top $1bnEXPLORATION GROUP Tullow Oil expects production from its Jubilee field in Ghana to reach 120,000 barrels of oil a day by August…Wed Jul 06 2011 - 01:00
Small firms wait months for paymentTHE STATE and big businesses are continuing to squeeze smaller enterprises by delaying payments for goods and services by up …Tue Jul 05 2011 - 01:00
Level of fraud in Irish business has halved, says studyTHE LEVEL of fraud in Irish business appears to have halved over the last year as managements and staff boosted detection procedures…Mon Jul 04 2011 - 01:00
Dip in costs fails to cut energy pricesENERGY PRICES are still higher than 12 months ago, despite a recent fall in costs that was mainly attributable to oil slipping…Mon Jul 04 2011 - 01:00
Ousted Lynch transformed debt-laden, ailing co-op into consumer food giantPHILIP LYNCH can take a share of the credit for the in-store baked baguettes that can be found in virtually every Irish corner…Sat Jul 02 2011 - 01:00
Judgments in favour of PunchestownA COURT has awarded Punchestown Racecourse judgments totalling €26,000 against Mecom Media, a company connected with publishing…Sat Jul 02 2011 - 01:00
Mainstream in €1.5bn deal for Irish wind farm projectBUSINESSMAN EDDIE O’Connor’s Mainstream Renewable Energy is joining forces with a Chinese manufacturer and bank to invest up …Fri Jul 01 2011 - 01:00
Regulator suspends Full Tilt Poker's licencesTHE GAMBLING regulator on the Channel Island of Alderney yesterday suspended licences held by online group, Full Tilt Poker, …Thu Jun 30 2011 - 01:00
Threat of legal action if vote to sack McInerney board not takenTHE MCINERNEY plc shareholder who is proposing to sack the group’s board said he would take legal action if the motion was not…Thu Jun 30 2011 - 01:00
Cautious welcome for proposal on debtA NUMBER of business groups and other bodies have welcomed as a step in the right direction the proposal to cut the bankruptcy…Sat Jun 25 2011 - 01:00
