Nearly two-thirds of large Irish companies using AI in financial reportingExecutives cite advantages such as predicting trends, effects and providing real-time insight into risksMon Jun 17 2024 - 05:47
Energia earnings jump 40% as US owner plots €2.75bn saleEarnings rose to €375m for the financial year to the end of March from €267m for the previous 12 monthsSat Jun 15 2024 - 06:00
C&C plan to draw out CEO search may lure bids – but sale now would be a cop-outC&C chairman Ralph Findlay has taken on a dual-CEO role for up to 18 monthsSat Jun 15 2024 - 06:00
SME lender Flender seeks to widen funding base after debt restructuringSome investors said to have taken ‘sizeable haircuts’ after Scarp processFri Jun 14 2024 - 06:00
Smurfit Kappa and WestRock investors back $25bn tie-up ahead of Iseq exitCompany requires approval from investors holding at least 75 per cent of the Irish cardboard box-maker’s stockThu Jun 13 2024 - 10:48
EU top court ruling on Apple tax case delayed until after summerDecision now set to be made months later than had been expectedThu Jun 13 2024 - 06:00
European shares gain as easing US data fuels rate-cut talkEuropean automakers such Volkswagen and BMW slipped around 1 per cent after European Commission said it would impose duties on imported Chinese electric vehiclesWed Jun 12 2024 - 17:54
AIB offers €3.3m in goodwill payments to ex-Ulster Bank customers for ‘teething issues’The bank had to apologise twice last year for issues encountered by some customers in the immediate aftermath of their arrivalWed Jun 12 2024 - 15:46
State must be ‘welcoming’ to foreign investors to meet €20bn housing cost, Minister saysGovernment is targeting 50,000 homes a year, says Michael McGrathTue Jun 11 2024 - 18:40
Dublin office market risks vacancy rate rising to as high as 26% in coming years, Central Bank warnsMarket continues to be subject to significant uncertaintyTue Jun 11 2024 - 16:51
ECB’s Philip Lane signals need for caution on further rate cuts‘Good degree of confidence’ that inflation is on the way back to 2 per centTue Jun 11 2024 - 15:00
State’s AIB stake falls below 31% as drip-feeding of shares continuesHolding in AIB has fallen from 71 per cent at the start of 2022Tue Jun 11 2024 - 12:32
Datalex report must pave way for company to deal with 18% Desmond loansTravel retail group hoping to capitalise as good times return for the airline sector, according to IATAFri Jun 07 2024 - 17:47
Bank of Ireland reprimanded for misleading and confusing savings adsLender also accepts radio ad failed to meet Consumer Protection Code standards on accuracy and clarityFri Jun 07 2024 - 12:55
WestRock gives more detail on merger to get $25bn Smurfit deal over lineSeveral shareholders allege documents on the deal omitted ‘material information’Fri Jun 07 2024 - 06:15
ECB rate cut emboldens nonbank mortgage lenders to return from the coldNonbank lenders are targeting niche markets as banks still hold whip hand on the most competitive interest ratesFri Jun 07 2024 - 05:00
European shares close up after ECB rate cutBanking stocks mixed after first interest rate reduction in five yearsThu Jun 06 2024 - 18:16
Lone Star’s Start Mortgages completes transfer of €2bn of loans to Mars CapitalMove sees management of 11,000 mortgages move to Mars Capital IrelandThu Jun 06 2024 - 06:00
McCanns’ Balmoral stake tops 60% as group’s logistics portfolio holds its valueView of the commercial property market ‘remains negative,’ says chairman Carl McCannThu Jun 06 2024 - 06:00
European shares advance on eve of ECB rate decisionAll eyes on European Central Bank with interest rate cut widely expectedWed Jun 05 2024 - 18:26
Intel’s $11bn Irish factory deal underpins 6,500 jobs as it seeks to regain mojoCompany has been struggling to play catch-up in AI chips arms race currently led by NvidiaWed Jun 05 2024 - 12:42
Central Bank to set up ‘sandbox’ programme for fintechs to test new productsRegulator does not plan to offer firms any derogations or waivers from regulatory requirementsTue Jun 04 2024 - 14:04
After 25 years, Intel’s Dow days look numbered. Nvidia is the top dog in AI raceIntel’s shares have lost more than half their value in recent yearsSat Jun 01 2024 - 06:00
Office downturn hits Central Bank as campus building sheds €157m in valueFactors including the end of super profits at the bank have helped push it to a €132.1 million loss, according to its latest annual reportThu May 30 2024 - 11:01
Most restaurants say VAT hike biggest threat to sector as insolvencies riseInsolvencies more than double in first three months of 2024Thu May 30 2024 - 06:00
Irish mortgages start-up Nua to go live with initial brokers within weeksNon-bank lenders have begun to emerge as a competitive force this year as their funding costs have easedThu May 30 2024 - 06:00
Corre raises total €2.76m in cash call as talks with ‘strategic’ investors continueGreen energy slump contributes to 85% decline in shares over 12 monthsWed May 29 2024 - 07:51
City of London’s top official says financial hub ready for ‘pro-business’ Labour PartyChris Hayward recently began lobbying to set up a body like the IDA in the UKWed May 29 2024 - 06:15
Central Bank posts €132m loss for last year as era of super profits endsSlump into loss-making territory was foreseen for some time, says Minister for Finance Michael McGrathTue May 28 2024 - 20:46
Credit union regulators should allow ‘prudent’ lending increase - reviewReport comes as credit unions look to increase lending to take on established banksTue May 28 2024 - 17:46
Corre Energy starts share sale to top up €2.12m raised from large investorsMove gives existing investors the chance to avoid having their stakes diluted by a placing last weekTue May 28 2024 - 07:41
ECB rate cut next week will not be ‘victory declaration’ on inflation, Lane saysECB chief economist Philip Lane brushes off fears that loosening euro-zone monetary policy before US Fed could backfireMon May 27 2024 - 16:23
Government should incentivise staff accommodation development – KPMGNumber of businesses have started providing homes for their workers amid shortageMon May 27 2024 - 16:22
Ibec warns against giveaway budget before electionTaoiseach expected to reiterate Government pledges for tax cuts and welfare increases at National Economic Dialogue in DublinMon May 27 2024 - 05:00
Mainstream secures permit to assess 500MW onshore wind farm in Australia Second major project in Australia unveiled this month as group tries to move on from Chile woesMon May 27 2024 - 05:00
Incoming Davy CEO to sit above New Ireland headAppointment likely to come from wider Bank of Ireland group or further afield rather than from internal Davy candidatesMon May 27 2024 - 05:00
Axa Ireland pays €270m in dividends to French parent since pandemicInsurer returns to profit on insurance business as motor premiums rise but investments continue to deliver lion’s share of earningsMon May 27 2024 - 05:00
Pfizer’s Irish tax affairs under US senate committee spotlightHomebuilder Cairn buys Dublin site, Blanchardstown SC debt deal; CRH invests in Ukraine and Citigroup staff uneaseSun May 26 2024 - 10:44
Building apartments for sale becoming less viable as costs rise, pre-Budget papers showResearch suggests State unlikely ever to be more than minority provider of development capital for homesSat May 25 2024 - 06:00
Greencore still mired in ‘lost decade’ even as first-half results drive stock up 20%Post-Covid management team trying to turn business around, addressing loss-making facilities and need for investmentSat May 25 2024 - 05:00
European shares close flat as investors rein in hopes for ECB rate cutsSuccessful quarterly earnings at US chipmaker Nvidia have boosted technology shares on global marketsThu May 23 2024 - 18:21
Outgoing Bank of Ireland chairman takes fresh aim at bonus cap Investors told the group plans to invest ‘in the region of €2 billion future proofing’ the business over the next four years, by chief executiveThu May 23 2024 - 15:03
AIB puts The Square in Tallaght into receivership after sale stalledOwners of independently owned units will not be impacted by processThu May 23 2024 - 14:51
Corre raises €2.1m of short-term cash from founders and long-term investorFirm says talks continuing with parties interested in making a ‘strategic investment’ in the businessThu May 23 2024 - 08:55
Irish consumer mood slips for fourth month in a rowFive previous occasions in 28-year history of data in which confidence has weakened for four successive monthsThu May 23 2024 - 06:00
Evelyn Partners hires investments veteran Brian Weber for senior roleEvelyn Partners Investment Management (Europe) Limited is the group’s hub for providing services to clients in Ireland and other EU countriesWed May 22 2024 - 10:25
ICS Mortgages to cut rates and lend up to age 80 in bid to rebuild market shareFirm had pulled back from lending as ECB interest rates soaredWed May 22 2024 - 07:00
US owner hires banks to run €2.75bn Energia saleI Squared Capital seeking to offload Irish utility eight years after purchaseWed May 22 2024 - 06:00
ECB holds ‘retreat’ in Kilkenny before expected June rate cutGoverning council members are expected to unofficially discuss the future pace of rate cutsTue May 21 2024 - 10:57
Corre may tap investors for short-term cash as third-party talks continueIrish-run but Dutch-based business reveals it had €1m cash at the end of last year, down from €3.4m a year earlierTue May 21 2024 - 08:07
