CRH fined €25m for price-fixing in PolandIRISH BUILDING materials giant CRH has been fined €25 million by Poland’s competition watchdog following an investigation into…Fri Dec 11 2009 - 00:00
Ken Rohan steps down from helm of AirspaceKEN ROHAN, one of the best-known property developers in the country, is stepping down from the helm of his company.Fri Dec 11 2009 - 00:00
Dept of Enterprise 'allocated €1.2bn'Tánaiste Mary Coughlan said tonight her department had been allocated €1.2 billion to protect and create jobs.Wed Dec 09 2009 - 00:00
Serica believes Irish Sea gas find may be commercialBRITISH exploration group Serica estimates that one of its licences in the Irish Sea could hold commercial quantities of natural…Tue Dec 08 2009 - 00:00
Smyth wants Nama to rent out apartmentsNAMA SHOULD rent the apartments it takes over from the banks instead of selling them, a high-profile property developer argued…Tue Dec 08 2009 - 00:00
Bord na Móna wins €3m in supply contractsSTATE ENERGY and waste company Bord na Móna has won contracts worth €3 million for the supply of its odour and watertreatment…Mon Dec 07 2009 - 00:00
Bord Gáis to pay €700m to develop wind farmsSTATE ENERGY company An Bord Gáis intends spending €700 million on expanding the SWS wind farm business it has bought for €500…Sat Dec 05 2009 - 00:00
Aer Lingus says it will accept cabin crew offersTHE AER Lingus board conceded yesterday that it is prepared to accept unions’ alternative plans for cutbacks for cabin crew but…Sat Dec 05 2009 - 00:00
Recession is real thing at Coca-ColaTHE RECESSION took the fizz out of sales and profits at Coca-Cola’s bottlers in the Republic last year, the latest figures show…Fri Dec 04 2009 - 00:00
ESB price regulation may end soonSTATE-OWNED ESB could be about to compete on a level playing field with rivals who supply electricity to households under proposals…Thu Dec 03 2009 - 00:00
AIB director hints at job lossesAIB’s new managing director Colm Doherty has written to its staff admitting the bank is to blame for its current problems and…Thu Dec 03 2009 - 00:00
Doherty expresses culpability of AIB in letter to staff hinting at job lossesAIB’S NEW managing director Colm Doherty has written to its staff admitting the bank is to blame for its current problems and…Thu Dec 03 2009 - 00:00
BoI and AIB face €12bn losses on property loansBANK OF Ireland and AIB face losses totalling up to €12 billion on the property loans that they will be handing over to the State…Tue Dec 01 2009 - 00:00
Controls at Fás collapsed, board director concedesMANAGEMENT AND executive controls at the State training agency Fás broke down, one of its directors conceded yesterday, creating…Fri Nov 27 2009 - 00:00
Paddy Kelly to wind up property management firmDEVELOPER PADDY Kelly is winding up a property management company whose business has been eliminated by the fall in demand for…Thu Nov 26 2009 - 00:00
Pension approved to avoid legal caseA senior Department of Finance official told the Dáil's Public Accounts Committee (PAC) today that top civil servants approved…Thu Nov 26 2009 - 00:00
Digicel bond sale raises €330m from investorsDENIS O’BRIEN’S Caribbean mobile network operator, Digicel, is borrowing €330 million through a bond sale to institutional investors…Wed Nov 25 2009 - 00:00
Financing limited until Nama starts - REOLISTED PROPERTY developer Real Estate Opportunities (REO) said yesterday that bank finance in the Republic will continue to be…Fri Nov 20 2009 - 00:00
Dutch group cuts value of Irish property by €21mDUTCH BUILDING and civil engineering giant, Royal BAM, took a €21 million hit on the value of its Irish properties so far this…Fri Nov 20 2009 - 00:00
Tote Ireland has 2008 losses of €800,000A FALL in turnover, tightened margins and increased costs left State-owned horseracing pool betting operator, Tote Ireland, with…Fri Nov 20 2009 - 00:00
Quintas Energy and AIB to raise €10m for solar-power projectsA GREEN energy firm and AIB plan to raise an estimated €10 million to fund solar-power projects in Spain.Wed Nov 18 2009 - 00:00
Openhydro set to raise €30m as tidal energy generator installed in CanadaIRISH GREEN energy firm Openhydro has installed one of the first tidal energy generators of its kind off the Canadian coast and…Tue Nov 17 2009 - 00:00
ACCBank to appeal Fleming rescueACCBANK WILL appeal the High Court’s decision to approve a rescue plan for the troubled Fleming construction group.Tue Nov 17 2009 - 00:00
HSE seeks tenders to cut its €20m legal billTHE HEALTH Service Executive (HSE) hopes to cut its €20 million annual legal bill by putting the service out to tender.Tue Nov 17 2009 - 00:00
Anglo restructures securities on assets of Howard HoldingsSTATE-OWNED ANGLO Irish Bank has restructured securities it holds over the assets of developer Howard Holdings assets in a move…Sat Nov 14 2009 - 00:00
Fleming group loans look set for NamaANALYSIS: IT LOOKS almost certain that loans from the Irish banks to the Fleming construction group will end up in Nama after…Sat Nov 14 2009 - 00:00
Revenues at BT Ireland dip 3% to settle at £388mREVENUES AT BT’s Irish subsidiary fell 3 per cent to £388 million (€433 million) in the first half of the year, it said yesterday…Fri Nov 13 2009 - 00:00
Losses at Harcourt Developments approach €22mA NEAR €10 million reduction in the value of investment properties and an interest bill of €25Fri Nov 13 2009 - 00:00
Paddy Power entering French marketBOOKMAKER PADDY Power is entering the French market through a joint sports betting venture with the country’s state-owned tote…Fri Nov 13 2009 - 00:00
TVC's equity value per share up 28%STOCK MARKET growth boosted the value of investment holding company TVC’s publicly quoted assets in the first half of its financial…Thu Nov 12 2009 - 00:00
McInerney to break bank covenantsHOUSE BUILDER McInerney expects to break guarantees it has given to its banks later this month.Wed Nov 11 2009 - 00:00
DCC pays €18m for Shell's Austrian oil distribution armINDUSTRIAL HOLDING company DCC is buying an oil distribution business in Austria in a deal worth €18 million.Wed Nov 11 2009 - 00:00
Strong world markets help elevate most leading stocksIseq: 3,014.04 (+42.08) Settlement date: November 12thTue Nov 10 2009 - 00:00
CIF calls for budget tax breaks and stamp duty reductionTAX BREAKS for first-time house buyers, a reduction in stamp duty and reform of the planning system are all on this year’s budget…Tue Nov 10 2009 - 00:00
Iseq trails European peersA further strong performance on world markets fed through to Dublin today, lifting most of the market’s leading stocks.Mon Nov 09 2009 - 00:00
CIF warns on further job lossesUp to 300,000 builders will have lost their jobs by the end of next year if action is not taken to ease the impact of the recession…Mon Nov 09 2009 - 00:00
Property firm of FitzPatrick, O'Brien and Quinn €5m in red in May 2008A PROPERTY company whose backers include former Anglo Irish Bank chief Seán FitzPatrick, media owner Denis O’Brien and ESB chairman…Sat Nov 07 2009 - 00:00
Fleming rescue plan criticised by ACC BankTHE RESCUE plan for the Fleming construction group will strip out the viable parts of the business and leave creditors with the…Thu Nov 05 2009 - 00:00
Builder puts up €5m assets for rescue planBUILDER JOHN Fleming is putting up €5 million in personal assets as collateral to support a new company that is taking over part…Wed Nov 04 2009 - 00:00
Bord Gáis ordered to pay staff 3.5% riseTHE LABOUR Court has awarded a pay rise to Bord Gáis staff which could add more than over €2 million a year to the State energy…Sat Oct 31 2009 - 00:00
Most Fleming group creditors approve rescue packageMOST FLEMING building group creditors support the rescue plan that will be submitted to the High Court for approval next Tuesday…Sat Oct 31 2009 - 00:00
Ladbrokes takes €62m in winnings from Irish puntersIRISH PUNTERS bet more than €470 million with Ladbrokes last year, according to figures for the British operator’s main Irish…Sat Oct 31 2009 - 00:00
Punch Industries shareholders got €10m dividendSHAREHOLDERS IN homecare products manufacturer Punch Industries were paid a €10 million dividend last year, according to the …Fri Oct 30 2009 - 00:00
CRH seeks arbitration in dispute on Portuguese firmBUILDING MATERIALS group CRH is seeking to take a dispute with its joint-venture partner in a Portuguese business to arbitration…Fri Oct 30 2009 - 00:00
Private investors to own more than 50% of Nama's loansANALYSIS: A separate company will buy and manage Nama’s debts to avoid a breach of EU rulesThu Oct 29 2009 - 00:00
CRH may seek to sell US businessTHERE IS speculation that building materials giant CRH is seeking to sell its US distribution business.Wed Oct 28 2009 - 00:00
Veris shareholders back US dealVeris shareholders voted overwhelmingly today in favour of the sale of its property and facilities management businesses to US…Wed Oct 28 2009 - 00:00
Law would allow firms to use US accounting standardsA PROPOSED new law will allow some companies operating in the Republic to file accounts using US accounting standards rather …Wed Oct 28 2009 - 00:00
Irish pub firm seeks to meet creditorsA COMPANY that designs and fits Irish pubs around the world is seeking a meeting with its creditors, normally an indication that…Wed Oct 28 2009 - 00:00
Associated Hardware posts €460,000 loss as construction decline takes tollTHE BUILDING slump and increased interest payments to its banks left independent builders’ merchants and DIY group, Associated…Mon Oct 26 2009 - 00:00
