Irish banks abandon Revolut rival plan after series of delaysSynch Payments was backed by AIB, Bank of Ireland and Permanent TSBWed Nov 15 2023 - 12:42
AIB sheds most remaining crisis-era problem loans to Cerberus for €100mSale includes commercial property debt and small-business loans, mostly in arrears or a recovery processWed Nov 15 2023 - 11:01
Mainstream cedes stake in Chile portfolio to lenderDeal forms part of wider restructuring of debt of two companies linked to key solar and wind portfolioTue Nov 14 2023 - 18:18
Bank of Ireland agrees average of 4% pay hike Health insurance contributions of up to €1,400 per year for employee also part of packageTue Nov 14 2023 - 17:00
Tullow shares surge as new Glencore loan facility ‘marks major turning point’€375m provision will be available for 18 monthsMon Nov 13 2023 - 14:34
Melior takes major stake in solar panel and heat pump installer NRG PanelIt is understood Melior's investment in NRG Panel is at the lower end of between €10 million to €30 millionMon Nov 13 2023 - 05:30
Mainstream’s stock market IPO off the table amid financial woes in Chile Company founded by Eddie O’Connor has racked up more than €1bn in pretax losses since start of 2022 amid issues in Chilean businessSat Nov 11 2023 - 06:00
Dublin bourse seeks stamp duty relief for market aimed at dual Irish-US listings Move comes as Flutter Entertainment became the latest heavyweight company to signal it is quitting the Irish marketSat Nov 11 2023 - 06:00
Goodbody Stockbrokers made €15.8m loss last year amid ‘unprecedented’ sector woesCEO says results reflect the unprecedented set of challenges faced by investment banks globallySat Nov 11 2023 - 06:00
Apple tax case may drag on ‘close to 2030’ as court rerun loomsProcess has taken seven years from commission’s 2016 determination to this point and similar timeframe likelyFri Nov 10 2023 - 05:36
Apple ruling: Why does it matter and what are the consequences for Ireland?European Court of Justice advocate general’s findings has sent shockwaves from Dublin to Silicon ValleyThu Nov 09 2023 - 14:10
Apple’s €13bn Irish tax case timeline40-year saga of how a valued foreign investment unravelledThu Nov 09 2023 - 13:00
Apple tax: iPhone maker and Government suffer major setback in €13bn EU caseOpinion of key advisor to European Court of Justice comes months ahead of final ruling on world’s biggest antitrust caseThu Nov 09 2023 - 09:12
Irish director at Aryzta quits amid tensions over dual chairman-CEO roleGordon Hardie resigns from the Swiss-Irish baking group with immediate effectThu Nov 09 2023 - 06:00
Nama profit falls 53% in first half as wind-down continuesState-owned bad bank has transferred €3.5bn of surplus cash to the exchequer to dateWed Nov 08 2023 - 17:50
‘Far, far too early’ to talk about ECB rate cuts, says Central Bank governor Gabriel Makhlouf signals plans to set up regulatory ‘sandbox’ to boost financial innovationWed Nov 08 2023 - 16:47
Key opinion on whether Apple must pay Ireland over €13bn in tax is due tomorrowDecision will give indication whether iPhone maker will have to pay more than €13bn in taxWed Nov 08 2023 - 09:13
Government raises €515m from sale of further 5% stake in AIBMove reduces the State’s holding in AIB to 40.8%Tue Nov 07 2023 - 07:59
IBI plans to double revenue after sale to DC Advisory for more than €25m Sale price is more than double the price paid by management to buy the business in 2017Tue Nov 07 2023 - 07:03
Government moves to sell further 5% stake in AIB, raising close to €500mShare will increase the amount that AIB has paid back of its €20.8 billion rescue to about €13.6 billion, with Government’s remaining stake in bank valued at about €4.3 billionMon Nov 06 2023 - 17:28
Ireland risks ruining the reputation of its financial sector over current approach to SPVsLeaving existing arrangements in place unaltered runs risk of ruining the reputation of Republic’s financial sectorSat Nov 04 2023 - 06:04
Mainstream Renewable to cut almost third of costs after €1.1bn of lossesCompany will focus on pipeline assets with the greatest potential to deliver returns in the near termFri Nov 03 2023 - 05:00
European shares rise as Fed rates hold boosts property and tech stocksMarkets buoyed by suggestion central banks are finished hiking rates for nowThu Nov 02 2023 - 18:09
Wealth of Irish households hits record €1.07 trillionFall in value of housing more than offset by increase in worth of financial investmentsThu Nov 02 2023 - 17:41
ETL Global buys majority of Waterford-based accounting firm in second Irish dealElsewhere, Ifac Group, the farming and agribusiness accountancy firm, bought corporate restructuring and forensic accounting specialists Friel Stafford during the summerThu Nov 02 2023 - 05:28
AIB hikes income forecasts amid slow move by savers to higher rate accountsLender now expects its net interest income to top €3.75bn, €150m higher than its previous guidanceWed Nov 01 2023 - 13:58
Smurfit Kappa sees 2023 earnings topping estimates amid improving box demandPackaging giant sees signs that recent downturn in cardboard box demand and pricing is nearing an endWed Nov 01 2023 - 08:09
McKillen jnr to sell majority hotels stake to British property group and ElliotDeal values Dean Hotel Group’s portfolio of eight hotels, with two more in development, at more than €350 millionTue Oct 31 2023 - 10:45
Margaret Sweeney to step down as Ires chief executive next AprilIres grew sharply under chief executive’s leadership yet shares have fallen sharply in past 18 monthsTue Oct 31 2023 - 08:13
Arachas hires former Bank of Ireland executive as finance chiefBroker names Martin Mohan as CFOMon Oct 30 2023 - 06:00
Kerry and C&C cushion weak updates by waving cash as Irish share buybacks near €4bnJoe Brennan: this year has seen a marked pick-up in such activity by Irish companiesSat Oct 28 2023 - 08:00
Goodbody Stockbrokers’ staff face no bonuses for second full year under AIBMove comes within weeks of announcement that 20 jobs were to goSat Oct 28 2023 - 07:00
High Court appoints interim examiner to HealthBeacon as it has ‘run out of cash’ Irish company is believed to have lined up a US investor to fund it through the examinership processFri Oct 27 2023 - 09:46
Ulster Bank down to final €200m of depositsUK-owned bank still has to find a solution for deposits linked to so-called offset mortgagesFri Oct 27 2023 - 07:41
AIB to cap bonuses at €12,700 and launch group-wide health coverAn employee would need to have a salary of €254,000 to reach the 5% maximum bonus payout level, meaning it is out of reach for most staffThu Oct 26 2023 - 11:42
ECB holds interest rates after 10 successive hikesSuccessive increases over past 10 meetings seen as finally starting to have an impact on inflationThu Oct 26 2023 - 10:13
Kerry shares fall as Dairy Ireland woes force it to tweak earnings forecastNutrition giant Kerry plans to buy back €300m of its own shares, with programme expected to start in NovemberThu Oct 26 2023 - 09:14
Bank of Ireland raises net interest income forecast amid ECB hikesLender confirms it expects to pay a bank levy of about €90 million next year, up from €25 million in 2023Thu Oct 26 2023 - 07:46
Irish climate action spending to top €150bn by end of decade, Davy saysExpenditure over the next seven years will be driven by electrification of heating and transport and retrofitting of homes and businesseThu Oct 26 2023 - 06:00
Central Bank warns about fraudsters targeting customers seeking cash loansRegulator warns the public to beware of any credit firm looking for an upfront fee to secure a loanWed Oct 25 2023 - 09:53
PTSB shares fall as mortgage market share dips and broker cuts forecastBank says that some mortgage customers coming off fixed-rate periods are now opting for variable rates for the first time in yearsWed Oct 25 2023 - 08:02
Insurers sign up to more consistent reporting of claims fraudMove part of Government commitment under its insurance reform programmeTue Oct 24 2023 - 17:01
KBC Ireland offers ‘goodwill’ payments of up to €75 to former savers for breachBank had not directly communicated rate changesTue Oct 24 2023 - 15:30
IBI in talks to sell majority stake to Japanese-owned DC AdvisoryIrish corporate finance company was the subject of a management buyout from Bank of Ireland in 2017Tue Oct 24 2023 - 12:57
Former Bank of Ireland chief Francesca McDonagh hired to lead German-based funds servicerUK-born banker found herself at the epicentre of Europe’s biggest banking crisis in more than a decade while at Credit SuisseTue Oct 24 2023 - 11:30
Time could be right for Government to sell down more AIB sharesAIB set to see its levy jump to almost €100m next year from an annual charge of €37m in recent timesSat Oct 21 2023 - 06:00
Finance Ireland decries ‘predatory’ bank mortgage pricing as non-banks squeezedLender’s five-year fixed mortgage rate of 6.05% for loans in contrast to 4.8% at BofI and AIB for same productSat Oct 21 2023 - 05:07
Panda Waste founder Eamon Waters increases PTSB stake above 7%Businessman is one of the most active individual investors in the Irish stock marketFri Oct 20 2023 - 18:52
European shares fall amid Israel-Hamas war and concerns over interest ratesIseq down 2.6% with falls across the boardFri Oct 20 2023 - 18:03
Ousted HealthBeacon chief executive signals interest in rescue investment Jim Joyce founded company a decade agoFri Oct 20 2023 - 06:00
