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FBD vows to hold more capital amid Covid-19 risks to business

FBD vows to hold more capital amid Covid-19 risks to business

Insurer currently in legal battle with group of pubs over business interruption claims

Tue Oct 13 2020 - 17:38
Government plans equity fund for ‘high innovation’ firms

Government plans equity fund for ‘high innovation’ firms

Budget 2021: Sector needs a range of supports to recover from pandemic hit, says Paschal Donohoe

Tue Oct 13 2020 - 16:19
Malin on track to return €250m to shareholders – Davy

Malin on track to return €250m to shareholders – Davy

Cash return by Dublin-listed life sciences investment firm eclipses current market value

Tue Oct 13 2020 - 14:10
Deirdre Somers joins board of UK-based stock exchange Aquis

Deirdre Somers joins board of UK-based stock exchange Aquis

Somers led the Irish Stock Exchange between 2007 and 2018, when she completed the sale of the business to Euronext

Mon Oct 12 2020 - 17:05
Irish-based Mallinckrodt files for bankruptcy protection

Irish-based Mallinckrodt files for bankruptcy protection

Lawsuits in US claim company profited from country’s opioid epidemic

Mon Oct 12 2020 - 16:39
Bank of Ireland executive Sean Crowe to leave at end of year

Bank of Ireland executive Sean Crowe to leave at end of year

Crowe (53) joined Bank of Ireland in 1993 as a financial markets trader

Mon Oct 12 2020 - 16:10
AIB changes ‘Ts & Cs’ to allow it charge micro-businesses negative rates

AIB changes ‘Ts & Cs’ to allow it charge micro-businesses negative rates

Wealthy individuals also to be charged for privilege of saving with bank for first time

Mon Oct 12 2020 - 12:06
Civil rights group urges EU to limit UK data moves after Brexit

Civil rights group urges EU to limit UK data moves after Brexit

UK lacks effective authority to enforce compliance with data protection law, ICCL says

Mon Oct 12 2020 - 08:00
Construction should be ‘essential’ if country moved to Level 4, says CIF

Construction should be ‘essential’ if country moved to Level 4, says CIF

Shutting industry would hit delivery of housing and infrastructure, lobby group claims

Mon Oct 12 2020 - 05:13
AIB eyes cost cuts as €200m savings needed to reach profit targets

AIB eyes cost cuts as €200m savings needed to reach profit targets

Bank reconsidering office spaces in Dublin in addition to 1,500 job cuts

Mon Oct 12 2020 - 05:00
INBS inquiry to resume final phase after Covid hiatus

INBS inquiry to resume final phase after Covid hiatus

Evidence dealing with ‘confidential borrower information’ will be heard in private session

Mon Oct 12 2020 - 04:02
Irish construction nears stabilisation after Covid-19 hit

Irish construction nears stabilisation after Covid-19 hit

150,000 construction workers are operating on 1,100 sites, according to the CIF

Mon Oct 12 2020 - 01:31
One-third of Irish publicans see risk of permanent closure

One-third of Irish publicans see risk of permanent closure

One-fifth of pubs paying out up to €2,000 to keep businesses going while closed

Mon Oct 12 2020 - 01:00
Aryzta’s new chairman has five weeks to come up with a plan

Aryzta’s new chairman has five weeks to come up with a plan

Centre of power of beseiged Swiss-Irish bread-maker shifted from Dublin to Zurich

Fri Oct 09 2020 - 14:21
Borrowers return to normal loan repayments after Covid breaks

Borrowers return to normal loan repayments after Covid breaks

Agenda: ‘Unemployment is a lagging indicator in any recession because businesses will hang on for as long as they can before failing’

Fri Oct 09 2020 - 07:30
Iseq reaches highest level since February amid US stimulus hopes

Iseq reaches highest level since February amid US stimulus hopes

UK shares rise on post-Brexit trade deal optimism

Thu Oct 08 2020 - 18:53
State to raise over €50m selling most of Greencoat Renewables stake

State to raise over €50m selling most of Greencoat Renewables stake

Ireland Strategic Investment Funds will retain a 4.8% interest in wind energy investor

Thu Oct 08 2020 - 17:34
Banking Culture Board warns banks on Covid policies

Banking Culture Board warns banks on Covid policies

Body says rebuilding trust after scandals will depend how vulnerable customers are treated

Thu Oct 08 2020 - 15:27
Tullow to reveal debt-cutting plan next month after cash warning

Tullow to reveal debt-cutting plan next month after cash warning

Analysts expect further asset sales and refinancing

Wed Oct 07 2020 - 09:58
Up to 15% of borrowers on payment breaks may need further relief, says PTSB

Up to 15% of borrowers on payment breaks may need further relief, says PTSB

Less than half of the 13,000 three-month pandemic breaks need to be extended

Wed Oct 07 2020 - 01:00
AIB considers charging wealthy customers for holding their money

AIB considers charging wealthy customers for holding their money

Bank is grappling with low rates and rising household savings

Tue Oct 06 2020 - 18:02
Bidders eye parts of Aryzta as ‘all strategic options’ on table after €1.1bn loss

Bidders eye parts of Aryzta as ‘all strategic options’ on table after €1.1bn loss

CEO Kevin Toland’s pay package falls more than 50% to €2 million

Tue Oct 06 2020 - 15:58
AIG names Aidan Connaughton as new Irish head

AIG names Aidan Connaughton as new Irish head

Incoming general manger with insurer for over 30 years

Fri Oct 02 2020 - 17:11
LVMH’s refusal to put a ring on Tiffany fails to dent merger flurry

LVMH’s refusal to put a ring on Tiffany fails to dent merger flurry

Market Beat: With M&A activity busy, competition authorities need to be on their toes

Fri Oct 02 2020 - 16:25
McGuinness faces Brexit and Covid grilling at parliamentary hearing

McGuinness faces Brexit and Covid grilling at parliamentary hearing

Commissioner designate’s suitability for financial services role to come under scrutiny

Thu Oct 01 2020 - 19:21
AA Ireland bought by Olivier Sarkozy-led fund for more than €240m

AA Ireland bought by Olivier Sarkozy-led fund for more than €240m

Roadside assistance firm ‘will continue to operate as an Irish-based company’ says CEO

Thu Oct 01 2020 - 16:18
Irish SMEs face up to €11.7bn revenue shortfall amid Covid, warns Central Bank

Irish SMEs face up to €11.7bn revenue shortfall amid Covid, warns Central Bank

Report suggests State could give SMEs equity-like grants that may offer some return

Thu Oct 01 2020 - 16:06
NTMA plans to sell bonds next week

NTMA plans to sell bonds next week

Agency has raised €21.3 billion in international markets this year

Thu Oct 01 2020 - 11:09
Dublin-listed firms face deadline to keep shares trading post-Brexit

Dublin-listed firms face deadline to keep shares trading post-Brexit

Less than five months for meetings, paperwork to ensure that trading can continue

Thu Oct 01 2020 - 05:34
Apple’s Irish tax account takes €37m interest rates hit

Apple’s Irish tax account takes €37m interest rates hit

Account set up by State to hold €14.3bn of alleged back taxes suffers due to ultra-low rates

Wed Sept 30 2020 - 19:13
Leslie Buckley retires from Digicel board

Leslie Buckley retires from Digicel board

Denis O’Brien associate was founding director of telecoms group

Wed Sept 30 2020 - 17:25
IAIM saw lobbying as key to CEO role taken by D'Arcy

IAIM saw lobbying as key to CEO role taken by D'Arcy

Ex-minister did not inform ethics watchdog of move to association of investment managers

Wed Sept 30 2020 - 10:01
CRH finance chief Senan Murphy announces surprise exit

CRH finance chief Senan Murphy announces surprise exit

Fellow former Bank of Ireland executive Andrew Keating seen as likely successor

Wed Sept 30 2020 - 07:23
Makhlouf secures UK pension on top of €286,800 Central Bank role

Makhlouf secures UK pension on top of €286,800 Central Bank role

Board minutes show Covid-19, cybersecurity and investment strategy were discussed

Tue Sept 29 2020 - 12:13
Minister seeks AG’s advice on banker accountability laws

Minister seeks AG’s advice on banker accountability laws

Process of introducing Bill on issue has been delayed by several things, including Covid-19

Sat Sept 26 2020 - 06:41
Bank of Ireland sees about 2,000 staff apply for voluntary redundancy

Bank of Ireland sees about 2,000 staff apply for voluntary redundancy

The figure equates to more than 19% of the lender’s workforce at the end of last year

Sat Sept 26 2020 - 06:00
Michael O’Leary is the boss you want to lead an airline out of crisis

Michael O’Leary is the boss you want to lead an airline out of crisis

Market Beat: Ryanair boss has taken steps to leave carrier ready for recovery

Fri Sept 25 2020 - 15:47
PTSB names Grant Thornton partner as interim CFO

PTSB names Grant Thornton partner as interim CFO

Paul McCann steps in as bank continues to search for permanent figure for position

Fri Sept 25 2020 - 11:00
KBC Ireland fined €18.3m for ‘unconscionable’ tracker scandal role

KBC Ireland fined €18.3m for ‘unconscionable’ tracker scandal role

Bank’s strategy saw borrowers lose 66 properties including 11 family homes

Thu Sept 24 2020 - 17:21
Datalex vies ‘aggressively’ for business as investors back Desmond loans

Datalex vies ‘aggressively’ for business as investors back Desmond loans

Travel software group hit by Covid shutdown of sector

Thu Sept 24 2020 - 16:14
Starling eyes 2021 capital raise as Irish licence talks progress

Starling eyes 2021 capital raise as Irish licence talks progress

Challenger bank plans to use Republic as base for European expansion

Thu Sept 24 2020 - 15:48
Women accounted for 60% Iseq board recruits in 2019

Women accounted for 60% Iseq board recruits in 2019

Moves to improve gender balance in Irish boardrooms sees immediate results

Thu Sept 24 2020 - 10:05
Mortgage software firm offers brokers up to 50% stake

Mortgage software firm offers brokers up to 50% stake

The aim is to to steal a march on the fintechs vying to streamline loan applications

Thu Sept 24 2020 - 05:00
AIB raises €1bn in first Irish bank green bond sale

AIB raises €1bn in first Irish bank green bond sale

Bank of Ireland is also planning to enter fast-growing area of global debt markets

Wed Sept 23 2020 - 11:20
Bank of Ireland sees more than 1,400 staff apply for redundancy

Bank of Ireland sees more than 1,400 staff apply for redundancy

Company offering four weeks’ pay per year of service, in addition to statutory two weeks

Wed Sept 23 2020 - 05:40
Irish insurers in focus as UK cracks down on dual pricing

Irish insurers in focus as UK cracks down on dual pricing

Central Bank of Ireland is also examining pricing policies across home, motor markets

Tue Sept 22 2020 - 20:17
‘Tax war’ will hit Ireland if digital tax talks fail, OECD says

‘Tax war’ will hit Ireland if digital tax talks fail, OECD says

Organisation to publish plans to reform international taxation in a digitalised world

Tue Sept 22 2020 - 15:35
EU said to be leaning towards appealing Apple tax decision

EU said to be leaning towards appealing Apple tax decision

Appeal would mean €14.3bn would remain in escrow account for duration of the case

Tue Sept 22 2020 - 11:16
Banks face ‘hectic’ loan restructuring as payment breaks end, Goodbody warns

Banks face ‘hectic’ loan restructuring as payment breaks end, Goodbody warns

Central Bank says there are 90,539 active payment breaks across Irish households

Tue Sept 22 2020 - 10:42
Finance Ireland refinances mortgages with low level of payment breaks

Finance Ireland refinances mortgages with low level of payment breaks

Non-bank lenders can question and seek more proof for payment holidays, S&P says

Tue Sept 22 2020 - 05:35
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