Bacon tells of 'unanimous' support for planAGENCY SUPPORT: ECONOMIST Dr Peter Bacon, architect of the Nama bad bank plan, has said the project has the support of the Central…Wed May 27 2009 - 01:00
Nama may apply 10% discount on agreed loan pricesPROPERTY VALUATION: THE NATIONAL Asset Management Agency (Nama) is examining whether it will apply a 10 per cent discount under…Wed May 27 2009 - 01:00
Minister warns developers over Nama liquidationsMINISTER FOR Finance Brian Lenihan has warned developers and other big borrowers for property assets who are in a position of…Wed May 27 2009 - 01:00
Anglo chief to meet Government for crucial talksANGLO IRISH Bank chairman Donal O’Connor faces crunch talks with the Government in the coming days over the nationalised bank…Mon May 25 2009 - 01:00
Dáil may be recalled over summer for Nama legislationTDS AND Senators are facing an interruption to their long summer holidays after the Government signalled its willingness to recall…Mon May 25 2009 - 01:00
Deadline arrives for lenders to present loan analysis to NamaPREPARATIONS FOR the National Asset Management Agency (Nama) move a step forward today with the arrival of a deadline by which…Mon May 25 2009 - 01:00
Torrid times mean DCC will now keep its powder dryANALYSIS: DCC HAS determined after a strategic review not to restructure the diversified business built up over decades by company…Wed May 20 2009 - 01:00
DCC warns earnings may fall 10%INDUSTRIAL HOLDING company DCC has warned that the combined forces of “exceptionally difficult” economic conditions and sterling…Wed May 20 2009 - 01:00
Burrows confirms he will leave jobGOVERNOR'S RESIGNATION: BANK OF Ireland governor Richard Burrows confirmed his resignation yesterday, which means 10 of the …Wed May 20 2009 - 01:00
Irish Stock Exchange silent on collapsed listed hedge fundTHE IRISH Stock Exchange (ISE) has declined to say whether it is investigating or has investigated the affairs of a collapsed…Tue May 19 2009 - 01:00
IN&M shares fall as reprieve granted on bondSHARES IN Independent News & Media (IN&M) lost ground in a rising market after the firm won a 40-day reprieve from the…Tue May 19 2009 - 01:00
INM in final discussions on 'standstill' pact over repayment of €200m bondINDEPENDENT NEWS & Media (INM) enters final discussions this morning on the parameters of a “standstill” pact with bondholders…Mon May 18 2009 - 01:00
High-fliers of the Celtic Tiger are brought down to earthFEET BACK on the groundSat May 16 2009 - 01:00
INM on cusp of debt reorganisation pact with bondholdersINDEPENDENT NEWS & Media (INM) is on the cusp of a “standstill” pact with its bondholders, which would give the company breathing…Sat May 16 2009 - 01:00
Profits at AIB Polish arm slip almost 54%THE POLISH arm of Allied Irish Banks (AIB), which is to be sold off as the bank seeks to bolster its capital base, has reported…Fri May 15 2009 - 01:00
AIB shares sink on bad debt alert ahead of agmTHE BOARD of Allied Irish Banks (AIB) stands for re-election before its beleaguered shareholders today amid renewed pressure …Wed May 13 2009 - 01:00
S&P cuts rating of Eircom parent firmsRATING AGENCY Standard & Poors (S&P) has downgraded the parent companies behind Eircom, arguing that their high debt …Tue May 12 2009 - 01:00
AIB goes from bad to worse, but worst may be yet to comeANALYSIS: A WRENCHING deterioration in AIB’s business is laid bare in a new update from the bank’s management, one of the final…Tue May 12 2009 - 01:00
AIB says it faces €4.3bn charge over bad debtsALLIED IRISH Banks has warned that acute pressure on borrowers will lead it to take a €4Tue May 12 2009 - 01:00
Smurfit sees 67% fall in first-quarter profitsPACKAGING FIRM Smurfit Kappa has cancelled its full-year forecast after a 67 per cent drop in pretax profit in the opening three…Sat May 09 2009 - 01:00
Bondholders in IN&M set to hire adviserBONDHOLDERS IN Independent News & Media (IN&M) are working towards a common stance in their dialogue with the firm over…Sat May 09 2009 - 01:00
Anglo in talks on getting waiver from rulesTHE GOVERNMENT and the Financial Regulator are exploring with Anglo Irish Bank the possibility of granting the nationalised institution…Fri May 08 2009 - 01:00
Write-off on intellectual property profitMULTINATIONALS: THE IRISH units of US and other multinationals will be able to write off the cost of acquiring intellectual …Fri May 08 2009 - 01:00
Investors want say on pay of Irish firms' top executivesFIVE LARGE companies listed on the Irish Stock Exchange (ISE) are coming under pressure to justify to shareholders the salaries…Thu May 07 2009 - 01:00
Reforms a threat to investment in IrelandANALYSIS: The president plans not only to increase US tax take but to encourage domestic job creationWed May 06 2009 - 01:00
O'Reilly says IN&M is no longer looking for buyer for Australian unitGAVIN O’REILLY, the incoming chief of Independent News & Media (IN&M), has said the company is no longer trying to sell…Wed May 06 2009 - 01:00
Government pressure on AIB to pick outsider to head bankALLIED IRISH Banks (AIB) is facing pressure from the Government to recruit an external successor to departing chief executive…Sat May 02 2009 - 01:00
IN&M seeks 'standstill agreement' from holders of €200m bondINDEPENDENT NEWS & Media (IN&M) is seeking a “standstill agreement” from the holders of a €200 million bond due this …Fri May 01 2009 - 01:00
Coillte likely to cut jobs after warning of fall in profits this yearSTATE-OWNED forestry company Coillte is likely to cut jobs from its workforce of 1,200 after warning the Government that it will…Thu Apr 30 2009 - 01:00
Banks still making loans harder to get despite public promise - Central BankA NEW Central Bank survey shows that Irish banks continued to tighten their lending standards in the opening months of the year…Thu Apr 30 2009 - 01:00
Top AIB bankers brace for reorganisation of core retail sectorSENIOR BANKERS in AIB are bracing themselves for a reorganisation of its core retail operation after the arrival next week of…Sat Apr 25 2009 - 01:00
Eircom seeks advice to break from private equity ownershipEIRCOM IS hiring corporate finance advisers to develop a plan to take the heavily-indebted business out of private equity ownership…Sat Apr 25 2009 - 01:00
The complete packageTHE FRIDAY INTERVIEW/Michael Smurfit: TWO YEARS into his retirement, Michael Smurfit watches the rampant disruption in the business…Fri Apr 24 2009 - 01:00
Blarney Woollen Mills upbeat despite audit concernsTHE BLARNEY Woollen Mills group, owner of some of the best-known indigenous brands in Irish retailing, has insisted its business…Fri Apr 24 2009 - 01:00
Topfer threatens to withdraw BCM bidAUSTRALIAN FINANCIER Rob Topfer has threatened to withdraw his unsolicited approach for Eircom parent Babcock Brown Capital (…Fri Apr 24 2009 - 01:00
Fresh State capital likely to be required for AngloINTERIM RESULTS from the nationalised Anglo Irish Bank are expected to show a requirement for significant new capital from the…Thu Apr 23 2009 - 01:00
Babcock rejects Eircom offerEIRCOM OWNER Babcock & Brown Capital (BCM) has brushed off an unsolicited takeover approach for the telco from its former…Wed Apr 22 2009 - 01:00
Independent under pressure to strike deal on €200m loanINDEPENDENT NEWS Media (INM) is racing to strike a difficult deal with bondholders on the refinancing of a €200 million note …Wed Apr 22 2009 - 01:00
IN&M postpones publishing results for second timeINDEPENDENT NEWS & Media (IN&M) has postponed for a second time in two months the publication of its annual results for…Tue Apr 21 2009 - 01:00
More pressure for Eircom as Moody's talks of downgradeALREADY BATTLING an unwelcome takeover approach from its former management, Eircom came under further pressure yesterday when…Tue Apr 21 2009 - 01:00
Xilinx paid parent dividend of €1.36bn over decadeTHE MAIN Irish unit of US semiconductor company Xilinx, which is making more than a quarter of its 400 staff in Dublin redundant…Sat Apr 18 2009 - 01:00
BoI exposed in US $29.5bn bankruptcyBANK OF Ireland’s American unit has emerged as a lender to insolvent shopping mall owner General Growth Properties (GGP), which…Fri Apr 17 2009 - 01:00
Upbeat Quinn expects to fly in face of recessionINSURANCE MAGNATE Seán Quinn has forecast that the sharpening economic contraction will scarcely dent the profitability of his…Wed Apr 15 2009 - 01:00
Bank officials seek role in Nama debateTHE IRISH Bank Officials’ Association (IBOA) wants a place at the table as the Government negotiates the parameters of the National…Fri Apr 10 2009 - 01:00
Government set to take majority share in banks Loans of up to €90bn moved into new body+ASSET AGENCY: MINISTER FOR Finance Brian Lenihan has opened the door for the Government to take majority shareholdings in Ireland…Thu Apr 09 2009 - 01:00
Former Eircom director initiates legal actionTHE LAST of the top-level executives drafted into Eircom after its acquisition by Sydney-based investment bank Babcock Brown …Thu Apr 09 2009 - 01:00
Central Bank faces uphill task to restore credibilityANALYSIS : Restoring the Central Bank’s primacy in bank oversight acknowledges past failuresThu Apr 09 2009 - 01:00
Share price crash hits executive pay at Smurfit KappaTHE THREE executive directors at packaging company Smurfit Kappa saw their bonuses curtailed but not eliminated last year as …Wed Apr 08 2009 - 01:00
Minister to provide fund of €100m to help exportersBUSINESS SUPPORTS: MINISTER FOR Finance Brian Lenihan will provide a total of €100 million in a new “enterprise stabilisation…Wed Apr 08 2009 - 01:00
