Tullow to boost North Sea outputTULLOW OIL is set to boost production from the North Sea with a €300 million purchase of assets from Scandinavian utility, Vattenfall…Wed May 25 2011 - 01:00
Readymix has loss of €4m in first quarter as volumes fallBUILDING MATERIALS group Readymix has lost over €4 million in the first three months of this year, the company told shareholders…Tue May 24 2011 - 01:00
Elliott wrote off €43m on property in 2009THE ELLIOTT construction group, part of which went into receivership on Wednesday, wrote almost €43 million off the value of …Sat May 21 2011 - 01:00
Revenues at Paddy Power's online betting arm up 33%POOR RESULTS from the Cheltenham jump racing festival and other sports dented returns in Paddy Power’s Irish betting shops, but…Wed May 18 2011 - 01:00
60 cases taken against builders over sick pay fundTRADE UNION Siptu has taken action against 60 building companies over the last year for failing to comply with obligations to…Tue May 17 2011 - 01:00
Union and FF man's firm in pension rowTHE LABOUR Court yesterday adjourned a case involving a company controlled by builder and Fianna Fáil activist, Jerry Beades, …Sat May 14 2011 - 01:00
Two firms ask court to wind up P ElliottTWO COMPANIES will seek to have construction group P Elliott wound up in the courts this month.Sat May 14 2011 - 01:00
Construction firm in dispute over airport car parkTHE MULTI-STOREY car park at Dublin airport’s new Terminal 2 building is the focus of a dispute between civil engineering group…Fri May 13 2011 - 01:00
Kingspan plans major purchase for early next yearKINGSPAN COULD be in a position to complete a further large-scale acquisition early next year, according to the company’s chief…Fri May 13 2011 - 01:00
Eirgrid to provide high-speed broadbandNATIONAL GRID operator Eirgrid will provide a high-speed broadband link between Britain and Ireland alongside the €600 million…Fri May 13 2011 - 01:00
VAT cuts, tax breaks and levies in strategyJOBS INITIATIVE: THE GOVERNMENT strategy to boost job creation includes plans to cut VAT, increase tax breaks for employers …Wed May 11 2011 - 01:00
Ardagh set to begin €3.2bn flotationIRISH-BACKED packaging giant Ardagh will this week take the first steps to floating at least some of the €3Tue May 10 2011 - 01:00
Creditor serves notice on P Elliott for €100,000A CREDITOR of the troubled P Elliott construction group has taken the first step towards winding the business up over a €100,…Wed May 04 2011 - 01:00
Judge appoints interim examiner to Xtra-visionHOME ENTERTAINMENT chain Xtra-vision is under court protection from its creditors following a hearing yesterday at which David…Sat Apr 30 2011 - 01:00
Irish energy firm in €100m Saudi dealAN IRISH energy company has won a €100 million-plus contract to supply a heating, cooling and power system to a commercial development…Fri Apr 29 2011 - 01:00
Exports drive profits at State forestry firm Coillte over €30mEXPORTS HELPED push profits at Coillte beyond €30 million last year, the latest figures show.Fri Apr 29 2011 - 01:00
Grehan move a first for NamaANALYSIS: The Grehans are hoping their London properties will clear the debt owed to the StateThu Apr 28 2011 - 01:00
ESB chief critical of McCarthy proposalsTHE REPORT that advocates the sale and break up of the ESB is inaccurate and unnecessarily negative, according to the State company…Thu Apr 28 2011 - 01:00
Integrated EU electricity market may force up price in Ireland, says ESRIA SINGLE EU electricity market could end up leaving Irish consumers facing extra costs, the Economic and Social Research Institute…Wed Apr 27 2011 - 01:00
Building firm lays off staff and shuts outletSTAFF AT construction and property group P Elliott were told yesterday that they were being laid off while a hardware and households…Fri Apr 22 2011 - 01:00
Companies identified for disposal worth €5bnSECTIONS OF the ESB, RTÉ and CIÉ could be sold into the private sector if the Government follows through on the recommendations…Thu Apr 21 2011 - 01:00
Partial sale of ESB and Bord Gáis proposedESB/BORD GÁIS: ECONOMIST COLM McCarthy’s review of State assets recommends the break-up and partial sale of both the ESB and…Thu Apr 21 2011 - 01:00
Canadian rival buys $1m stake in Irish online gaming firm CryptologicAMAYA GAMING, a Canadian rival of online gambling software specialist Cryptologic, is building a stake in the Irish-based firm…Wed Apr 20 2011 - 01:00
Executives feared breaking from herd mentalityMAINSTREAM LENDERS: BANK EXECUTIVES feared they would be punished formally or informally if they broke with the herd mentality…Wed Apr 20 2011 - 01:00
Auditors failed to report banks were lending too much to developersACCOUNTANTS: THE ACCOUNTANTS who were supposed to act as watchdogs over bank finances generally failed to report that they were…Wed Apr 20 2011 - 01:00
Builders' representatives meet developer over payment delaysINDUSTRY REPRESENTATIVES have met construction and property development group, P Elliott, after subcontractors raised concerns…Wed Apr 20 2011 - 01:00
Sammon takes over €20m joint school dealTHE SAMMON building group is taking full control of a joint venture it had established with Cavan-based rival P Elliott, to build…Tue Apr 19 2011 - 01:00
Quinn cites reliance on banks for collapseSEÁN QUINN has blamed over-reliance on the banks and their economic predictions for the group’s problems.Tue Apr 19 2011 - 01:00
Tullow Oil sues ex-partner for €220mOIL EXPLORATION and production group Tullow is suing its former partner in the development of two of its Ugandan licences, Heritage…Tue Apr 19 2011 - 01:00
State on target to meet bailout termsGROWTH FORECAST: LOWER THAN expected economic growth in the Republic this year is unlikely to prevent the State from meeting…Sat Apr 16 2011 - 01:00
State seizes Quinlan properties over unpaid borrowingsTHE STATE has seized a number of properties belonging to property dealer Derek Quinlan, after he failed to repay a debt said …Fri Apr 15 2011 - 01:00
Eirgrid says transfer of grid could save €40m a yearELECTRICITY USERS could save an average of €40 million a year if ownership of the Republic’s national were transferred to Eirgrid…Fri Apr 15 2011 - 01:00
Nama to sell nine Quinlan propertiesA receiver appointed by the State’s National Asset Management Agency is set to put nine properties owned by developer Derek Quinlan…Fri Apr 15 2011 - 01:00
Nama interest in Quinlan assets at home and abroadBACKGROUND: Properties taken over yesterday by Nama are dotted around Dublin’s swisher addressesFri Apr 15 2011 - 01:00
Anglo Irish and Liberty Mutual to take over insurerQUINN INSURANCE: A JOINT venture between US insurance giant, Liberty Mutual, and Anglo Irish Bank is set to take over Quinn …Fri Apr 15 2011 - 01:00
Nama to sell nine Quinlan propertiesA RECEIVER appointed by the State’s National Asset Management Agency is set to put nine properties owned by developer Derek Quinlan…Fri Apr 15 2011 - 01:00
Swift return in blame game: John Bruton hits back at ECB memberTHE EUROPEAN Central Bank (ECB) executive board member who said that the Republic’s taxpayers must carry the cost of bailing …Thu Apr 14 2011 - 01:00
Nama may provide mortgage financeTHE NATIONAL Asset Management Agency (Nama) is looking at ways of providing mortgage finance to banks in an attempt to energise…Wed Apr 13 2011 - 01:00
Nama to ask developer why it should not take over €2bn of his bank loansANALYSIS: Court rules that Nama has to give Paddy McKillen a fair hearing over his loansWed Apr 13 2011 - 01:00
Treasury to control over 40% of new Battersea site firmTREASURY HOLDINGS will control more than 40 per cent of the new firm that will take over ownership of London’s Battersea Power…Tue Apr 12 2011 - 01:00
Nama forces Quinlan to sell London skyscraperSTATE AGENCY Nama has forced property developer Derek Quinlan to put a high-profile London property on the market to clear a €…Tue Apr 12 2011 - 01:00
CIF warns of just 80,000 jobs in building sectorJOBS IN the Republic’s building industry will shrink to about 80,000, less than half what it should be, unless the Government…Tue Apr 12 2011 - 01:00
UK firm registers judgment against Pierse parentA BRITISH engineering services firm has registered a judgment for almost €100,000 against the parent of Pierse Contracting, the…Sat Apr 09 2011 - 01:00
Over €10m in profits for Pallas FoodsPALLAS FOODS, the Limerick-based group sold to US giant Sysco for a reported €200 million, made over €10 million in profits last…Thu Apr 07 2011 - 01:00
Iseq up over 1% and leads way in gains across EuropeIseq: 2,981.42 (+33.17) Settlement date: April 9th: THE IRISH market outperformed its peers yesterday on the back of gains by…Thu Apr 07 2011 - 01:00
Oaktree plan for McInerney remains on courseUS FUND Oaktree Capital’s plans to invest in troubled house builder McInerney Homes will not be affected by the decision of two…Wed Apr 06 2011 - 01:00
IRISH LIFE & PERMANENTIRISH LIFE & Permanent (IL&P) plans to float its pensions and investment business on the stock market to boost its capital…Fri Apr 01 2011 - 01:00
Over €6m paid to CRH executivesBUILDING MATERIALS giant CRH paid its executives slightly less in 2010 than the previous year, according to its annual report…Fri Apr 01 2011 - 01:00
