Profits from car insurance jump 38% as claims declinePROFITS ACROSS the insurance industry fell marginally in 2007, though profits from motor insurance jumped 38 per cent as the …Tue Sept 02 2008 - 01:00
Falling off the edgeUS MARKET: A former sub-prime lender explains how the industry was brought down by the need to compete with even the 'dumbest…Mon Sept 01 2008 - 01:00
FBD made €5.2m pretax loss in first half of year due to fall in investmentsINSURANCE COMPANY FBD made a pretax loss of €5Thu Aug 28 2008 - 01:00
ILP tells investors it can release €1bn capitalSHARES IN Irish Life Permanent (ILP), the country's largest mortgage lender, gained 9 per cent after the company reassured investors…Thu Aug 28 2008 - 01:00
Kerry expects to reach annual profit targetTHE STATE'S largest food company, Kerry Group, expects to reach its annual profit target, despite higher food costs and pressure…Wed Aug 27 2008 - 01:00
Cavan builder bucks trend with 31% rise in pretax profitsCAVAN-BASED builder P Elliott Co increased pretax profits by 31 per cent to €15Wed Aug 27 2008 - 01:00
Department to check if car write-offs are back on roadsTHE DEPARTMENT of Transport has received new information on car write-offs from insurance companies, and is checking the data…Wed Aug 27 2008 - 01:00
ECB lending to Irish financial institutions hits €44bnEUROPEAN CENTRAL Bank (ECB) lending to Irish financial institutions reached €44Tue Aug 26 2008 - 01:00
Consumer sentiment lifts for first time in seven monthsCONSUMER SENTIMENT rose modestly this month, as consumers responded positively to summer sales and were less concerned about …Tue Aug 26 2008 - 01:00
Regulator fines Apex Fund ServicesTHE IRISH Financial Services Regulatory Authority has reprimanded and fined fund administrator Apex Fund Services (Ireland) and…Sat Aug 23 2008 - 01:00
Noonan Services sold in €90m management buyoutNOONAN SERVICES, the contract cleaning and facilities management group, has been sold in a management buyout (MBO)backed by Alchemy…Sat Aug 23 2008 - 01:00
Name droppingJim O'Mahoney, Coyle Hamilton Willis: THE NAMES Coyle and Hamilton are among the oldest in Irish businessFri Aug 22 2008 - 01:00
Anglo Irish defers €2.5m fee for BecbayTHE COMPANY behind the redevelopment of the Irish Glass Bottle Site at Ringsend in Dublin had its bank debt reduced by €2Fri Aug 22 2008 - 01:00
Starbucks reduces losses as turnover doubles to €11.1mTHE IRISH operation of Starbucks reduced its losses by almost two-thirds in the 12 months to September 2007 - its second year…Thu Aug 21 2008 - 01:00
US woes hit Irish banks as shares drop €1bn in valueIRISH BANK shares endured another tough day yesterday as concerns that the US government might have to provide further support…Wed Aug 20 2008 - 01:00
BoI cuts consultant costs by one-thirdBANK OF Ireland has shaved 30 per cent off the cost of outside consultants and contractors by renegotiating their contracts and…Wed Aug 20 2008 - 01:00
UK building society to launch in RepublicTHE LARGEST building society in the UK, Nationwide, is planning to launch savings products in the Irish market next spring and…Tue Aug 19 2008 - 01:00
Value of new mortgages down 16% this yearTHE VALUE of new mortgages advanced in the three months to June dropped 13 per cent, bringing the decline for the first half …Mon Aug 18 2008 - 01:00
DCC to buy Texaco oil in UK from Chevron for €27.5m cashINDUSTRIAL HOLDING group DCC has agreed to buy the UK oil distribution business of American fuel giant Chevron, which operates…Sat Aug 16 2008 - 01:00
Bank's directors' pay falls 22% to €3.2m as three quitDIRECTORS' PAY at Bank of Scotland (Ireland) fell 22 per cent to €3Sat Aug 16 2008 - 01:00
Janssen move keeps financial affairs privateTHE STATE'S largest pharmaceutical company, Janssen Pharmaceutical, which paid dividends of almost €7 billion to US parent corporation…Sat Aug 16 2008 - 01:00
Quinn and family confirm Anglo stake of almost 15%SEÁN QUINN and his family have completed their purchase of a shareholding of almost 15 per cent in Anglo Irish Bank, the State…Fri Aug 15 2008 - 01:00
Galway company Thomas McDonogh posts pretax profit of €7.6 millionGALWAY COMPANY Thomas McDonogh Sons has posted pretax profits of €7Thu Aug 14 2008 - 01:00
Anglo Irish shares fall nearly 3% despite growthANGLO IRISH Bank shares fell almost 3 per cent yesterday despite the bank reiterating its forecast that earnings would rise 15…Thu Aug 14 2008 - 01:00
Office suppliers Ryan and Evolutions in €15m mergerDUBLIN-BASED office supplies and equipment companies Bryan S Ryan and Office Evolutions Group are merging in a €15 million deal…Thu Aug 14 2008 - 01:00
UBS's credit crisis losses hit $42bn on latest resultsSWISS BANK UBS, the European bank hardest hit by the credit crunch, wrote down a further $5 billion (€3Wed Aug 13 2008 - 01:00
R&D costs cut Lake profits 46% to €2mDUBLIN TELECOMS equipment company Lake Communications has posted a 46 per cent drop in profits for the 16 months to the end of…Wed Aug 13 2008 - 01:00
Securities trading company dissolvedA DUBLIN-BASED securities trading company, Custom House Capital Online, has called its creditors to a meeting next month to put…Wed Aug 13 2008 - 01:00
Government must sow seeds soon to stimulate some economic growthBUSINESS OPINION : BANKERS REGULARLY speak of the prospect of the "green shoots" of recovery appearing in the global financial…Mon Aug 11 2008 - 01:00
RBS posts second-biggest loss in history of UK bankingROYAL BANK of Scotland (RBS), owner of Irish lenders Ulster Bank and First Active, has posted the second-biggest loss in UK banking…Sat Aug 09 2008 - 01:00
Bank of Ireland to close down eight high-street mortgage storesBANK OF Ireland is closing down The Mortgage Store, its chain of eight high-street mortgage shops, in a further sign of the downturn…Sat Aug 09 2008 - 01:00
Lower Ulster Bank-First Active profits for RBSULSTER BANK and its subsidiary bank, First Active, contributed less profit to its parent company, Royal Bank of Scotland (RBS…Sat Aug 09 2008 - 01:00
Belgian bank KBC took €42m hit on Irish Life PermanentBELGIAN BANK KBC, the owner of Irish lenders IIB Bank and IIB Homeloans, took a bad debt charge of €42 million in the three months…Sat Aug 09 2008 - 01:00
NIB pretax profits fall 71% to €2m in first half of 2008NATIONAL IRISH Bank's pretax profits fell 71 per cent to €2 million in the first half of the year compared to the same period…Fri Aug 08 2008 - 01:00
Credit union breaks new ground with debit cardBISHOPSTOWN CREDIT Union in Cork will become the first credit union in the State to offer a debit card to members from the start…Fri Aug 08 2008 - 01:00
Anglo Irish Bank shares up 12.7%SHARES IN Anglo Irish Bank jumped again yesterday, rising 12.7 per cent to €6Thu Aug 07 2008 - 01:00
Standard Life new business falls 46%LIFE INSURER Standard Life said new business sales of pensions and investments in Ireland fell 46 per cent to £157 million (€…Thu Aug 07 2008 - 01:00
Northern Rock to get £3bn in capital from governmentNORTHERN ROCK, the British state-owned bank, is to receive up to £3.4 billion (€4Wed Aug 06 2008 - 01:00
Fall in Anglo shares on loan signals short selling dipTHE PROPORTION of Anglo Irish Bank's shares on loan - an indicator of the level of short selling on the bank's share price declining…Tue Aug 05 2008 - 01:00
HSBC's Irish bank division increased deposits by 40%THE IRISH corporate banking division of HSBC, Europe's largest bank, increased deposits by 40 per cent in the first six months…Tue Aug 05 2008 - 01:00
No proof HBOS was targeted by short sellersTHE UK financial regulator has found no evidence that short sellers targeted British bank HBOS in a "concerted" effort to depress…Sat Aug 02 2008 - 01:00
Bank blames bad debts and costs for slower profitsBANK OF Scotland (Ireland) has reported a smaller increase in profits for the first half of the year compared with its earnings…Fri Aug 01 2008 - 01:00
Anglo Irish falls after NCB reduces bank stock ratingsANGLO IRISH Bank has fallen 8Fri Aug 01 2008 - 01:00
Court gives go-ahead for Lynn video evidenceThe High Court has agreed to allow fugitive solicitor Michael Lynn to give evidence via video-link from Budapest in a case being…Thu Jul 31 2008 - 01:00
AIB profits fall as concern over bad debts increasesSHARES IN AIB, the State's biggest bank, rose 6.8 per cent after it reported better-than-expected pretax profits of €1Thu Jul 31 2008 - 01:00
Market pleased with ILP's debt dealSHARES IN Irish Life Permanent (ILP), the State’s largest mortgage lender, rose 12 per cent to €5Thu Jul 31 2008 - 01:00
Retailer criticises price surveysSOURCING ROW: THE HEAD of supermarket chain Superquinn has criticised the National Consumer Agency (NCA), saying its grocery…Thu Jul 31 2008 - 01:00
Sutherland criticises BP's Russian partnersPETER SUTHERLAND, the Irish chairman of oil giant BP, has launched a broadside against the Russian shareholders in the company…Fri Jul 25 2008 - 01:00
Anglo share price boosted by Quinn's stake as shortsellers lose outANALYSIS: Sean Quinn is taking Anglo stock away from investors who bet on the shares fallingFri Jul 25 2008 - 01:00
Aer Lingus staff group say they have not been consulted on next chairmanTHE EMPLOYEE Share Ownership Trust (Esot) at Aer Lingus has not been consulted about a recommendation to appoint businessman …Fri Jul 25 2008 - 01:00
