Bank of Ireland to wind down €2bn British corporate lending businessForty jobs at risk in bank’s latest retrenchment in increasingly profitable UK marketWed May 15 2024 - 05:00
DCC shares slip as earnings miss takes shine off green transitionMore than a third of group’s profits now come from businesses such as biofuels, solar panels and heat pumpsTue May 14 2024 - 08:35
Ires deal to silence activist won’t save it from tough questions at next week’s agmIres Reit has managed to temporarily muzzle activist Canadian fund Vision Capital that has waged a sell-up campaign since last April - but that won’t quieten the voices stirred by its crusadeSat May 04 2024 - 06:00
Insurance reform: bringing stability and lower costs to contentious claims process Injuries Resolution Board boss expects Supreme Court clearance of guidelines for personal injury awards to reduce incentive to litigateFri May 03 2024 - 05:05
Hostelworld chairman Michael Cawley to step down after nine yearsHostel-booking group plans to repay remaining €7.5m balance on a AIB loan by end of June, two years ahead of scheduleThu May 02 2024 - 10:38
Smurfit Kappa sees cardboard box demand recover as WestRock merger on track for JulyDemand for cardboard boxes had slumped following a pandemic-fuelled spike in demand for durable goodsThu May 02 2024 - 07:42
AIB mortgage share rises leaving top two banks with more than 75% of marketDeposit customers continue to be slow at moving money from low-rate on-demand accounts to higher-yielding savings products, bank saysThu May 02 2024 - 07:20
Post-Brexit EU hub Numis set-up in Dublin to be wound down after Deutsche takeoverIt is understood that most staff are being offered an opportunity to be redeployedThu May 02 2024 - 06:15
UK shares fall ahead of Fed decision as Irish and most European markets closedMarkets digesting that rate cuts could be lower and slower than anticipated in USWed May 01 2024 - 18:44
Mainstream eyes multibillion euro Australian project as losses narrowDublin-based renewables firm and three partners awarded feasability licenceWed May 01 2024 - 11:12
Irish-based bank with most loans to Russian clients cuts exposure by 80%Dublin-based Intesa Sanpaulo unit slashes size of Russia businessWed May 01 2024 - 06:00
Bank of Ireland raises interest income forecast as it expects slower pace of rate cuts from ECB The bank’s market share of new mortgage lending was 40 per cent for the first two months of the yearTue Apr 30 2024 - 07:50
Irish executives with pension funds at €2m limit to be caught by auto-enrolmentAnything above so-called standard fund threshold is taxed at 40%Tue Apr 30 2024 - 06:00
Central Bank improves resilience of Irish-listed UK funds that sparked crisis in 2022The funds at the centre of the move are called liability-driven investment funds. While they are typically managed from London, many of them are listed in Dublin and LuxembourgMon Apr 29 2024 - 18:12
European Green Transition takes option on copper remnants from Cypriot mineIrish entrepreneur Cathal Friel orchestrated the flotation of company earlier this monthMon Apr 29 2024 - 08:34
Top Irish insurers recoup most of 2022 investment losses Investors betting on pace at which central banks will cut ratesMon Apr 29 2024 - 06:15
Johnny Ronan claims he is owed €3.3m relating to Fibonacci Square office developmentDeveloper says he may pursue a court petition for a wind-up of the Fortress company that ultimately owns developmentMon Apr 29 2024 - 06:15
Irish venture capital investment slides 80% in first quarter amid global slumpTotal number of Irish VC deals declined to 17 from 24 year-on-yearMon Apr 29 2024 - 05:55
Bank of Ireland to invest €34m in customer service improvementsLender claims that the technology investment will lead to faster resolution of customer callsMon Apr 29 2024 - 05:30
Investment funds needed for 50,000 homes a year, Government warnedSeen & Heard: Pino Harris’s will, insurance premiums and former Quinn hotel for saleSun Apr 28 2024 - 11:50
PTSB most exposed Irish lender to competitive threat from Spanish move into marketBankinter’s Avant Money is looking to expand its product and service offerings as it becomes a bank branch, beginning initially with depositsSat Apr 27 2024 - 05:00
Arrival of first overseas bank since Celtic Tiger a ‘win’ for consumersBankinter decision to target savings rates will be welcomed by Irish customers who largely have their money in ‘on demand’ accounts offering paltry returnsSat Apr 27 2024 - 02:00
Spain’s Bankinter to enter Irish banking marketMove would mark the first new entrant here since 2005, and follows a slew of exits since the crashFri Apr 26 2024 - 08:39
Ardagh weighing ‘all options’ to lower debt burden as earnings dropGroup revenue declined to $2.17 billion in the first quarter from $2.27 billion for the same period last yearThu Apr 25 2024 - 17:59
Ires says sale of property assets would be ‘challenging’ in short-term as review continuesIres says opportunities for extra revenue generation, including from car parkingThu Apr 25 2024 - 17:48
CRH apologises to shareholders hit by dividend issues since US moveShares in the company have jumped by more than 40% since they began trading in New York last year, giving a market value of just under €50 billionThu Apr 25 2024 - 13:59
South African insurer launches car and home insurance products in Irish marketOutsurance has conducted a soft launch of products ahead of its official opening here in MayMon Apr 22 2024 - 05:57
Smurfit’s move to box in WestRock looks sweeter as top rivals announce engagementCapital expenditure at WestRock could increase from average $1 billion for the past eight years to an average $1.73 billion over each of the next threeSat Apr 20 2024 - 06:00
Bank of America added 200 roles in Dublin as EU hub’s profits jumpedPretax profits rose by 158% last year to €1.73 billion, helped in part by rising interest ratesFri Apr 19 2024 - 18:48
Ardagh’s riskiest bonds hit low of 21 cent on the euro on Apollo dealDeclines follow Ardagh’s deal with the debt solutions company to buy out some of the group’s riskiest bondsFri Apr 19 2024 - 18:13
European shares rise on strong corporate earningsIreland’s Iseq All-Share index gained 1.2% with banking stocks in demandThu Apr 18 2024 - 18:03
Irish Independent owner Mediahuis in talks to buy Journal.ieJournal Media was established in 2010 by brothers Brian and Eamonn FallonThu Apr 18 2024 - 17:38
Aviva to re-enter health insurance in joint venture with ex VHI bossThe as yet unnamed venture is to begin selling private health insurance in the second half of 2024Thu Apr 18 2024 - 16:53
Family affairs: How Ireland’s newly rich are putting money to work in secretive firmsAs a result of sales of businesses, a plethora of family investment vehicles have sprung up in Dublin around Fitzwilliam Square and its adjacent streetsThu Apr 18 2024 - 06:00
Corre hires Rothschild to advise on investment interest in energy storage developerRenewable energy storage developer’s shares have lost almost 75% of their value over the past 12 monthsWed Apr 17 2024 - 09:11
European shares drop as investors fret about tension in Middle EastBanking stocks out of favour as Iseq All Share index declines and IMF warns of likelihood of central banks raising ratesTue Apr 16 2024 - 18:38
Three former Aryzta executives join ex-CEO in suing bakery groupThe former executives with Cuisine de France parent are suing for ‘specific performance’, signalling they are seeking compensation to which they claim they are entitledTue Apr 16 2024 - 13:19
Ardagh enlists Apollo to refinance $700m debt falling due next year Companies also agree plan to mop up some risky bonds as S&P moved earlier this month to downgrade company on account of $12bn debt burdenMon Apr 15 2024 - 09:06
Ryanair is world’s most valuable airline but can O’Leary get his €100m?Shares in carrier have traded in past month above €21 level and may trigger a €100 million stock bonus for CEOSat Apr 13 2024 - 06:00
Ardagh’s debt nears $11.2bn amid S&P warning on risksPackaging group’s riskiest bonds are currently trade at as low as 27 cents on the dollarSat Apr 13 2024 - 06:00
Glanbia plan for €750,000 chief financial officer retention bonus slammed Investor advisers ISS and Glass Lewis query proposed payout to Mark GarveySat Apr 13 2024 - 06:00
‘Real’ Iseq 20 market value is more than double official list’s €100bnExits of heavyweights from Dublin stock market have triggered concern in the industry as to its future viabilityFri Apr 12 2024 - 05:43
Former Aryzta chief Kevin Toland files lawsuit against bakery groupOwner of Cuisine de France Ireland hired former DAA chief in 2017 to help stabilise the businessThu Apr 11 2024 - 17:32
ECB maintains rates at record high but with clear signal of pending cuts The ECB currently expects that euro zone inflation, which was running at 2.4 per cent last month, will reach its target by the middle of next yearThu Apr 11 2024 - 13:30
Kingspan investors urged to vote against chairman amid ESG oversight concernsProxy advisory company Glass Lewis concerned at ‘paucity of disclosure’Thu Apr 11 2024 - 06:00
Ires sees €1.8m costs incurred dealing with activist investor campaign Settlement this week will see Ires support nomination of two Vision Capital candidates to board at the apartment owner’s agm next monthWed Apr 10 2024 - 18:37
Smurfit Kappa delay to chairman exit backed by shareholder adviserIrial Finan has been on the board for 12 years, three years over the recommended length for non-executive directorsWed Apr 10 2024 - 06:00
Bank of Ireland reworks green mortgages to offer discounts down to energy rating GCustomers with a home carrying a Building Energy Rating of A to qualify for a 0.35 percentage point cutTue Apr 09 2024 - 17:19
Insurers face pressure to cut premiums as court removes injury awards uncertainty‘Insurers have a responsibility to reflect this in their premiums’Tue Apr 09 2024 - 13:31
Ires agrees to two Vision board seats to avert showdown at annual general meeting Property group refused nomination of number-one candidate Vision had put forwardMon Apr 08 2024 - 17:15
