Uniphar says deal ‘will not proceed’ after competition watchdog blocks purchaseDeal is the first that Irish competition officials have decided to block since 2008Thu Dec 15 2022 - 15:56
McKillen claims Qataris reneged on ‘tens of millions’ of LA hotel feesBelfast investor also claims his company is owed billions under separate profit-share agreementThu Dec 15 2022 - 14:32
UK insurance broker PIB strikes ninth Irish deal as industry consolidation powers aheadThe two businesses being sold were acquired by Melior Equity Partners last year and employ 30 peopleThu Dec 15 2022 - 12:07
Ireland to experience sharp growth slowdown as cost-of-living pressures mountReports from ESRI and OECD warn economy will grow at much-reduced pace in 2023, with real incomes falling due to inflationThu Dec 15 2022 - 05:00
Irish new mortgage rates fall below euro zone averageRising rates in other countries mean static mortgage interest rates in Irish market compare more favourablyWed Dec 14 2022 - 12:30
Ireland’s economic growth will slow significantly next year, OECD warns Agency also cautions that high costs and low confidence will reduce companies’ incentives to investWed Dec 14 2022 - 10:10
Central Bank has sold 90% of IBRC-linked bondsThe latest sale of €500 million of bonds linked to State bailout of Anglo Irish Bank and Irish Nationwide brings total sold to €22.5 billionTue Dec 13 2022 - 19:04
Michael Fingleton asked to disclose financial means in IBRC caseIBRC counsel says still ‘in the public interest’ to pursue case even if no chance of recovering money from former Irish Nationwide bossTue Dec 13 2022 - 11:33
Half of main Ulster Bank and KBC current accounts remain open – Central BankPace of switching has slowed in November, according to data, as both banks have begun freezing inactive or low-use accountsTue Dec 13 2022 - 11:00
Fingleton faces ‘serious risk of unfair trial’ if Irish Nationwide case proceeds, court hearsLawyer outlines litany of health issues affecting former building society chief executiveMon Dec 12 2022 - 14:11
Arachas to buy marine insurance broker D&DArdonagh’s Irish business continues to lead dramatic consolidation in the sector fuelled by private equity fundingMon Dec 12 2022 - 05:00
Europa in talks with potential partners for Inishkea gas prospect near CorribOil and gas explorer wants to progress prospect of Mayo coastSat Dec 10 2022 - 05:00
Davy staff bonuses may take a hit as capital markets unit posts €10m loss Division’s poor performance comes as investors fret about deteriorating global economic outlookSat Dec 10 2022 - 05:00
FBD chief financial officer John O’Grady to retire next yearInsurer reported pre-tax profits of €19 million for the first half of this yearFri Dec 09 2022 - 16:58
Pessimism prevails as stock market sages look to 2023Investors appear ready to batten down the hatches heading into next yearFri Dec 09 2022 - 16:03
Central Bank rejects negative European watchdog findings on Brexit-related approvalsFindings are at odds with the bank’s reputation among financial firms as tough regulatorFri Dec 09 2022 - 05:30
BoI pledges to cut emissions from home loans portfolio by 48% by 2030State’s largest bank by assets has also promised to deliver a 56 per cent reduction in commercial real estate portfolio emissions between 2020 and 2030Thu Dec 08 2022 - 19:58
European shares drop for fifth day amid mounting recession concernsCRH and Smurfit decline as Iseq retreatsThu Dec 08 2022 - 18:37
State must build up to 62,000 homes a year, economist claimsRonan Lyons of TCD says Government’s plans are not underpinned by the latest dataThu Dec 08 2022 - 15:48
KPMG spins out standalone law firm with aim to grow to 160 staff by end of 2025Move by Big Four accounting group highlights rapid change in legal services sector since Brexit and amid growth of cross-border international operatorsThu Dec 08 2022 - 05:28
Central Bank to move its south Dublin cash facility as it plans sale of 37-acre site Bank says it will engage with Land Development Agency in disposing of site, which is zoned residentialWed Dec 07 2022 - 16:09
Avant raises mortgage rates for third time as ECB eyes next moveSpanish nonbank lender's latest move comes ahead of expected ECB rate rise next weekWed Dec 07 2022 - 14:14
Malin plans €140m share buyback after Immunocore stake saleMove is part of latest proposal to return cash to shareholdersWed Dec 07 2022 - 10:51
KBC Ireland starts closing current accounts as BoI deal gets final nodAccount closure process likely to extend into next summerFri Dec 02 2022 - 20:11
Haiti, on the brink, focuses minds as O’Brien pleads for more time on Digicel debtFirm in talks on third debt overhaul in four years as it targets holders of $925m of bonds due to be repaid next MarchFri Dec 02 2022 - 16:02
AIB investor payouts may exceed €1bn in coming yearsECB’s recent interest rate hikes have improved the earnings outlook for AIB and other Irish banksFri Dec 02 2022 - 13:00
Ulster Bank agrees 7% staff pay hike despite lay-off plansSources say 600 departing employees in Republic are expected to benefit from the increaseThu Dec 01 2022 - 17:25
Credit unions welcome Bill to allow industry co-operationDraft legislation will allow creation of corporate entitiesThu Dec 01 2022 - 12:54
Easing of Irish banker pay limits will add to lenders’ costs, S&P saysDeutsche Bank estimates the three remaining Irish banks will see their total income rise to €8.45 billion in 2024 from €6.25 billion this year, amid rising interest ratesThu Dec 01 2022 - 12:01
NTMA plans to borrow as little as €7bn next year as it opts out of short-term debt marketState will next year start to repay the EU part of its international bailout, which amounts to over €40bnThu Dec 01 2022 - 10:59
Denis O’Brien’s Digicel seeks to delay repayment of $925m of looming debtTelecoms group had net debt of $4.2 billion at the end of September, equating almost six times its earnings over the preceding 12 monthsThu Dec 01 2022 - 06:00
Eir’s debt rating downgraded by FitchEarlier this year, it sold of a 49.9 per cent stake in its wholesale broadband subsidiary, Fibre Networks Ireland to French private equity firm InfraViaWed Nov 30 2022 - 21:08
Paschal Donohoe comes under fire at Oireachtas committee over bankers’ pay moveOireachtas Finance Committee hears of shock at Minister’s ‘parting gift’ of bonuses for bankersWed Nov 30 2022 - 18:35
Donohoe gives an early Christmas gift to Irish banksDonohoe gives his imprimatur to 34 recommendations contained in the final reportWed Nov 30 2022 - 05:00
Donohoe rules out removing 89% banker bonus super taxMinister’s move to allow bonuses criticised by Opposition figures and Coalition party TDWed Nov 30 2022 - 05:00
Super tax on banker bonuses above €20,000 should remain enshrined in law, Minister insistsPaschal Donohoe defends Government decision to relax pay restrictions for bank executives following banking reviewTue Nov 29 2022 - 15:54
Access to bank cash services to be protected by law following reviewBanking report urges coordinated approach on long-term mortgage arrears and recommends easing pay restrictions in bailed-out banksTue Nov 29 2022 - 11:36
Finance union welcomes Donohoe’s banker bonus move Sinn Féin describes action as ‘tone deaf’Tue Nov 29 2022 - 10:26
Bailed-out banks to be allowed pay bonuses of up to €20,000 under Donohoe planMinister to propose lifting pay caps at Bank of Ireland, in which the State no long holds any shares, and put AIB and PTSB on the same pathMon Nov 28 2022 - 16:21
Applegreen posts €45m pretax loss as finance costs rise after takeoverCompany taken private in €718m dealMon Nov 28 2022 - 12:15
European shares post sixth straight week of gains on hopes of slowing rate hikesIrish banks take a hit even as lender AIB passes on greater part of recent ECB rate hikes to customersFri Nov 25 2022 - 18:13
Goodman moves after Barryroe burns through €270m Beef baron’s financial lifeline could yet see him own over 75% of the company and sets up a battle of wills with Minister Eamon RyanFri Nov 25 2022 - 17:16
AIB hikes fixed rates again ahead of new profitability targetsIncreases to apply across its AIB, EBS and Haven brandsFri Nov 25 2022 - 13:31
Will Donohoe move on banking access to cash, pay and levies before McGrath handover?Report on the future of banking lands on minister's desk just as Cabinet reshuffle loomsFri Nov 25 2022 - 05:16
Central Bank governor Makhlouf says Irish tech layoffs a ‘pause’ as ICT jobs fall by 11,000Sector still employing more than it did pre-CovidThu Nov 24 2022 - 13:14
Central Bank eases terms of incoming property fund borrowing capExisting funds will have five years to comply in move that sees introduction of 60% leverage limitThu Nov 24 2022 - 10:02
Larry Goodman may end up with over 75% of Barryroe after funding dealUp to €40m committed in redeemable secured convertible loan notesWed Nov 23 2022 - 19:35
Goodbody Stockbrokers under investigation for alleged market-abuse systems failingsCentral Bank undertaking enforcement investigation in relation to alleged breachesWed Nov 23 2022 - 17:08
Pepper hikes some Irish mortgage rates to 6.5%Firm is latest to increase interest ratesWed Nov 23 2022 - 05:00
Goodman agrees €40m Barryroe funding to help secure key lease off Cork coastBeef magnet has built up a stake of more than 16% in oil and gas explorerTue Nov 22 2022 - 15:43
