Irish bank with most exposure to Russia plunges to over €166m lossIntesa Sanpaolo Bank Ireland alone among 17 banks licensed in State to report material exposures to Russia in most recent sets of annual accountsTue Apr 25 2023 - 05:21
Ires Reit activist calls for halt to asset sales as ‘crown jewels’ on marketVision Capital publishes second open letter to shareholders in as many weeksMon Apr 24 2023 - 15:53
Ires Reit board secures backing from investor advisory firms amid stand-off against activistInstitutional Shareholder Services indicates insufficient evidence ‘that the board has been a poor steward of capital’Sat Apr 22 2023 - 05:00
Netflix’s prospects hinges on stopping multiple viewers using shared passwordsJoe Brennan: The streamer seems reluctant to change parts of its model, such as dropping all episodes of a series at onceFri Apr 21 2023 - 15:40
Ulster Bank lays ground for €4bn transfer to UK as branches closeTransfers will require Central Bank approval as bank closes its last 63 branches and is expected to announce further redundanciesFri Apr 21 2023 - 05:00
Allianz Ireland takes €154m paper hit on investments amid rising ratesSolvency reserves fall as insurers taking a hit on large bond holdings though that will likely reverse as they are held to maturityFri Apr 21 2023 - 05:00
Low Irish deposit rates ‘subsidising’ mortgage holders, Makhlouf saysFinance officials confirm PwC paid €54m settlement for Quinn Insurance audit caseThu Apr 20 2023 - 12:31
Grafton investors urged to reject new chief executive’s pay premium DIY retailer and building materials distributor completes £93.3m share buyback programmeWed Apr 19 2023 - 17:06
Irish Life spins out units overseeing €14bn of assets into new wealth companyUnio aims to grow the level of assets under advice to €20 billion by 2027Wed Apr 19 2023 - 07:36
Insurers pay €217m on Covid business interruption as FBD ruling awaitedFBD may receive ruling that could impact outstanding claims this monthWed Apr 19 2023 - 05:00
AIB’s Haven and EBS to increase selected variable mortgage ratesIrish banks continue to trail European peers in passing on ECB rate hikesTue Apr 18 2023 - 14:26
Datalex facing race to repay Dermot Desmond’s costly loansTravel software firm may need to raise €25m to clear billionaire's loanSat Apr 15 2023 - 05:00
AIB app and internet banking hit by temporary outageBank said services were out for about two hours on FridayFri Apr 14 2023 - 18:38
More than 60,000 main Ulster and KBC current accounts still open last monthAbout 85 per cent of accounts open at start of last year closed or inactive at the end of MarchFri Apr 14 2023 - 11:25
KKR-led group makes over €1.75bn by selling down almost entire Flutter stakeInvestor group, known as Fastball Holdings, is believed to retain a stake worth less than €74mFri Apr 14 2023 - 05:11
Sinn Féin’s high-wire act: courting big business and those ‘left behind’‘Nobody who wants to see a radical program by Sinn Féin wants business to be punished. They need to have a job’ - Pearse DohertyFri Apr 14 2023 - 05:00
EY Ireland continuing to hire as its UK firm warns of cuts‘Another year of record growth’ is being eyed in Ireland, a spokeswoman saidFri Apr 14 2023 - 04:32
Digicel seeks extended grace-period on overdue debt amid wider financial restructuring Digicel already received 45 days of grace on the debt pile and is set to be granted another extensionThu Apr 13 2023 - 17:40
ISS gives Kingspan CEO ‘qualified support’ ahead of Grenfell reportShareholder advisor had previously directed investors to abstain on Gene Murtagh’s re-election to the boardThu Apr 13 2023 - 05:00
European blue-chip stocks hit 22-year high amid signs of cooling US inflationInvestors bet US Federal Reserve could pause rate hikesWed Apr 12 2023 - 18:24
Ires investor targets directors and pushes for group to be put up for saleActivist investor Vision Capital Corporation holds 5 per cent stake in state’s biggest private landlordWed Apr 12 2023 - 18:01
VHI surplus almost halves on claims rise and investment lossesHealth insurer reports €34.3m surplus for 2022 alongside €18.6m loss on bond-heavy investment portfolioWed Apr 12 2023 - 13:09
Some 35,000 KBC mortgage borrowers hit by data error after transfer to Bank of IrelandError has resulted in the lender not filing monthly loan performance updates to the Central Credit RegisterTue Apr 11 2023 - 11:14
Ardonagh buys Dutch insurance broker for more than €100m Deal carried out by Ardonagh’s European arm, which is led by Dubliner Conor BrennanTue Apr 11 2023 - 08:53
Datalex seeks to refinance extended Dermot Desmond loans as rates soar Interest rate on the loans has been increased from 10% a year to 15.5% with immediate effect and will rise to 18% from October, says DatalexTue Apr 11 2023 - 07:58
Companies with €2bn of Covid tax debt urged not to ‘bury heads in sand’Insolvency expert expects an increase in litigation against borrowers in arrears that have not been ‘engaging constructively’ with lendersTue Apr 11 2023 - 04:22
Mainstream Renewable loss widens to €630m amid Chile write-downsFounded by Eddie O’Connor, the Dublin-based green energy group is now controlled by Norway’s Aker HorizonsMon Apr 10 2023 - 05:01
Smurfit Kappa hits back at recommendation urging investor revolt over pay reportAdvisory group Glass Lewis has criticised safety-related bonus payout to top executives despite subcontractor fatalityMon Apr 10 2023 - 04:50
Ires Reit finds itself most unloved stock on Iseq 20 as rates bite hardWould-be buyers of Ires assets know they are dealing with a motivated seller in a weakening marketFri Apr 07 2023 - 13:13
CRH to quit Dublin exchange as New York’s S&P 500 targetedMove likely to be massive blow to Irish stockbrokers and Euronext Dublin, operator of the Irish marketFri Apr 07 2023 - 05:38
Michael McGrath seeks views on future of Irish banking levyFacility raising about €87m a yearThu Apr 06 2023 - 16:41
Barryroe to raise up to €20m in share sale as key lease awaitedFunds being raised in addition to €40m convertible loan-note arrangement with investors led by Larry GoodmanThu Apr 06 2023 - 08:10
Dilosk seeks to raise €540m to reboot owner-occupier lendingNon-bank lender marketing bonds backed by portfolio of existing ICS Mortgages loans to source capital for new lendingThu Apr 06 2023 - 05:00
Irish plastics industry supplier bought for up to €25mTPS specialises in materials and technologies for the manufacturing of plastics used in the healthcare, consumer, transportation and aerospace sectorsWed Apr 05 2023 - 19:50
Two Dublin credit unions plan tie-up to create €370m groupTalks between Progressive Credit Union and Core Credit Union are at an early stage, reports sayWed Apr 05 2023 - 17:00
Larry Goodman set to hold most of Barryroe even after sharing €40m lifelineVevan Unlimited has reached accord on sub-allocation of portion of loan notes with certain shareholdersSat Apr 01 2023 - 06:10
Former NTMA chief John Corrigan dies unexpectedlyCorrigan credited with helping pave the way for the government to return to international debt markets after bailoutFri Mar 31 2023 - 18:55
Digicel clears key hurdle in debt restructuringTelecoms group has secured the backing of two key group of creditorsFri Mar 31 2023 - 17:53
No honeymoon period likely for Guinness owner’s new bossDebra Crew has tough act to follow as CEO of the Guinness ownerFri Mar 31 2023 - 16:02
Irish law firms secure multimillion-euro fees from pharma bankruptcyA&L Goodboy senior partners charges rates of up to €590 an hourFri Mar 31 2023 - 06:00
Credit Unions have €2bn of unused capacity for mortgages and business loansCentral Bank rules have allowed credit unions to offer long-terms loans since 2020Thu Mar 30 2023 - 12:16
Central Bank down to last €1.5bn of IBRC-linked bondsCentral Bank has now sold off 94 per cent of bonds tied to IBRC liquidationWed Mar 29 2023 - 16:15
Moody’s says Irish banks’ outlook ‘positive’ amid market turmoilRatings agency expects Irish GDP to grow by 4.5% this year and by 4% in 2024Wed Mar 29 2023 - 14:53
Watchdog fines Kildare accountant €10,500 over SPV auditJohn Kavanagh admitted to the contraventions identified, Iaasa saidWed Mar 29 2023 - 11:29
ICG chief paid €2.9m as ferry group defends chair’s 19-year tenureSome 23% of shareholders voted against the re-election of chairman John B McGuckian, who was on the board for 35 yearsWed Mar 29 2023 - 10:03
Barclays Bank Ireland profit slumps on €167m loan loss chargeAssets increase by more than €15 billion to €132.5 billionMon Mar 27 2023 - 05:50
Government ignored officials’ calls in extending 9% hospitality VAT rate‘No economic case’ for extending lower VAT rate, Minister for Finance toldSat Mar 25 2023 - 05:00
Will Revolut’s vow to undercut Irish car insurers by 30% reactivate the industry’s herd instincts?Reforms are in the works, but there are still a number of challenges facing insurers trying to price risk responsiblyFri Mar 24 2023 - 16:10
Woman gets €120,000 in compensation after bank puts house on market without telling herFinancial Services and Pensions Ombudsman upheld or presided over the settling of 212 complaints last yearFri Mar 24 2023 - 05:00
Banking crisis forces central banks to think again on interest rates Federal Reserve’s hike-and-hope move risks credit crunch as banking crisis rattles marketsFri Mar 24 2023 - 05:00
