REO stops paying interest due to creditorsTREASURY Holdings-backed property group Real Estate Opportunities (REO) will not pay interest due to a group of its creditors…Fri Aug 27 2010 - 01:00
World Cup takings boosted profits for Paddy PowerWINNINGS OF more than €11 million from World Cup betting and contributions from the Australian businesses it bought last year…Thu Aug 26 2010 - 01:00
Building materials giant blames weaker demand in US for 77% fall in profitsANALYSIS: CRH’S OWN stockbroker, Irish firm Davy, yesterday suggested a loss of market share as one possible reason for what…Wed Aug 25 2010 - 01:00
CRH warns this year's earnings will fall 10%INTERNATIONAL BUILDING materials group CRH warned yesterday that this year’s earnings would fall 10 per cent short of 2009 as…Wed Aug 25 2010 - 01:00
Profits at Kingspan up for the first time since 2007PROFITS AT insulation and building materials specialist Kingspan increased for the first time since 2007 in the opening six months…Tue Aug 24 2010 - 01:00
Irish Life in dispute with developer over €170m dealIRISH LIFE is in dispute with a Luxembourg developer over a €170 million property deal that the pensions and investment group…Tue Aug 24 2010 - 01:00
Recycling agency now profitable export businessTHE ORGANISATION set up five years ago to collect and recycle the Republic’s old TVs and washing machines is now a profitable…Mon Aug 23 2010 - 01:00
Nama asks bank chiefs to step up their effortsSTATE TOXIC assets agency Nama has written to bank chief executives asking them to step up their efforts in providing it with…Mon Aug 23 2010 - 01:00
CRH deadline for bids on firms passesTHE DEADLINE for bids for building materials group CRH’s European insulation businesses passed yesterday.Sat Aug 21 2010 - 01:00
Founder of Stira stairs dies on holidayMICHAEL BURKE, the founder and managing director of the successful Stira attic stairs business in Galway, passed away this week…Sat Aug 21 2010 - 01:00
€50m pharmacy takeover bid not going aheadA €50 MILLION takeover deal involving one of the State’s biggest pharmacy chains is not going ahead after a dispute forced the…Fri Aug 20 2010 - 01:00
Insurance group to stop indemnifying UK solicitorsQUINN INSURANCE intends to stop providing professional indemnity cover to solicitors in England and Wales from next October.Fri Aug 20 2010 - 01:00
Profits at Sam McCauley chemists grow 45% to €7.5mOPERATING PROFITS at independent pharmacy chain, Sam McCauley chemists, grew 45 per cent to €7Thu Aug 19 2010 - 01:00
Amarin appoints new chief executiveBIOPHARMACEUTICAL group Amarin has appointed Colin W Stewart as chief executive officer, president and board member, the company…Wed Aug 18 2010 - 01:00
Richardson step downs from role at BoylesportsRECENTLY appointed Boylesports chief executive Lee Richardson is leaving the Irish bookmaking chain for family reasons.Wed Aug 18 2010 - 01:00
Premier Hotels in dispute over VAT bill for €230,000PREMIER HOTELS, which was placed in liquidation last week, is in dispute with the Revenue Commissioners over a €230,000 VAT bill…Tue Aug 17 2010 - 01:00
ESB unions sign off on three-year pay freezeESB WORKERS will today formally agree to a pay freeze as part of a deal aimed at tackling the State-owned energy company’s €2…Tue Aug 17 2010 - 01:00
Online games developer Cryptologic to cut jobs after losing $16m and chief executiveONLINE CASINO games developer Cryptologic plans to cut part of its 200-strong workforce following poor second quarter results…Sat Aug 14 2010 - 01:00
Smurfit Kappa sales increase by 7% to €3.2bnPAPER AND packaging specialist Smurfit Kappa Group’s (SKG) operations earned profits of €206 million in the first six months …Thu Aug 12 2010 - 01:00
Element Six lost €36m last yearDE BEERS-BACKED industrial diamond manufacturer Element Six lost $36 million last year while its parent was forced to guarantee…Thu Aug 12 2010 - 01:00
Firms get payout from electricity levyTWO PRIVATE companies backed by multinationals will share a €14 million payout from the €157 million public service charge that…Wed Aug 11 2010 - 01:00
US equity giant to take stake in McInerneyUS PRIVATE equity giant Oaktree Capital is close to taking a stake in troubled house builder McInerney, which has been wrestling…Tue Aug 10 2010 - 01:00
Sale of State assets consideredAirports, ports, RTÉ and the ESB are included in a list of State companies that a Government-appointed group will consider selling…Fri Jul 23 2010 - 01:00
Government sets up group to consider disposal of State assetsAIRPORTS, PORTS, RTÉ and the ESB are included in a list of State companies that a Government-appointed group will consider selling…Fri Jul 23 2010 - 01:00
Premier Hotels Ltd faces liquidation over rentPREMIER HOTELS Ltd, one of the subsidiaries of hotel management firm Prem Group, is facing liquidation after failing to agree…Thu Jul 22 2010 - 01:00
Oil, gas price hikes could see economy fall by 7.5%SHARP OIL and gas price increases could send the Irish economy plummeting by as much as 7Thu Jul 22 2010 - 01:00
Borrowing costs put dent in profits at Bord na MónaINCREASED INTEREST charges from extra borrowing dented profits at State company Bord na Móna this year, figures published by …Tue Jul 20 2010 - 01:00
DCC indicates further acquisitions likely this yearINDUSTRIAL HOLDING company DCC is hoping make further acquisitions this year to follow two purchases made over the last three…Sat Jul 17 2010 - 01:00
Bank told Government it would not require external capitalANGLO CLAIMS: ANGLO IRISH Bank, whose rescue could cost taxpayers €25 billion, told the Government that it needed no external…Sat Jul 17 2010 - 01:00
Abbey profits top €15m but slow UK house sales set to retard growthPROFITS AT housebuilder Abbey exceeded €15 million in its last financial year, but the company expects sales to drop over the…Fri Jul 16 2010 - 01:00
Martin Blake found dead at homeWELL-KNOWN BUSINESSMAN Martin Blake, has died suddenly, aged 57Fri Jul 16 2010 - 01:00
Multinationals warn of job losses over electricity levyMULTINATIONAL EMPLOYERS have warned State agency IDA Ireland that they will have to cut jobs if the energy regulator goes ahead…Thu Jul 15 2010 - 01:00
Good showing from CRH and banks helps index advanceDUBLIN REPORT: Iseq: 2,948.45 (+48Wed Jul 14 2010 - 01:00
Lending plan gets cautious welcomeBUSINESS REACTION: BUSINESS LOBBY groups cautiously welcomed Government plans to have the banks lend €12 billion to small and…Wed Jul 14 2010 - 01:00
Growth in Britain sees Grafton profits rebound in second quarterPROFITS AT DIY and builders’ merchants specialist Grafton rebounded in the second quarter after a poor performance in the opening…Wed Jul 14 2010 - 01:00
Quinn company fined for price-fixingBELGIAN AUTHORITIES have fined part of the troubled Quinn Group for conspiring with three of its rivals to fix the price of radiators…Wed Jul 14 2010 - 01:00
CRH boosts Iseq performanceThe Irish market looked set to outperform peers today as a strong performance from leading stock, CRH, and the banks helped lift…Tue Jul 13 2010 - 01:00
Abu Dhabi hospital block worth €60m next for SiskIRISH CONSTRUCTION group, Sisk, is set to build a new €60 million hospital block in Abu Dhabi for an international healthcare…Fri Jul 09 2010 - 01:00
SIAC seeks contracts to build Polish motorwaysIRISH COMPANY SIAC is in the running for a number of motorway building contracts in Poland and recently began looking at opportunities…Fri Jul 09 2010 - 01:00
AIB, BoI unlikely to pass EU stress test - analystAIB AND Bank of Ireland are likely to be among 20 banks that will fail EU tests to see how well European financial institutions…Fri Jul 09 2010 - 01:00
Sisk 'happy' despite 56% fall in profits to €10mPROFITS AT building and civil engineering group Sisk fell by more than 50 per cent last year to €10 million, but the company …Fri Jul 09 2010 - 01:00
CRH says first-half profits to match 2009 but sales declineBUILDING MATERIALS giant CRH expects profits for the first half of the year to stay in line with the €108 million it earned during…Thu Jul 08 2010 - 01:00
ESB may have to hand over some assets to EirgridANALYSIS: Yesterday’s deal means the ESB will ultimately own both systems North and SouthThu Jul 08 2010 - 01:00
ESB to buy North's electricity operator for €1.25bnTHE ESB is likely to tap international bond markets to help fund its proposed €1Thu Jul 08 2010 - 01:00
Conditional green light for Tullow Oil Uganda dealTHE UGANDAN government has given Irish explorer Tullow a conditional green light to go ahead with its $1.5 billion (€1Wed Jul 07 2010 - 01:00
Debt body recommends mortgage arrears processGOVERNMENT PROPOSALS to help people who cannot pay their mortgages do not require banks to extend an existing one-year wait before…Wed Jul 07 2010 - 01:00
St Vincent's CF unit stalls over builderPLANS FOR a specialist cystic fibrosis treatment unit face the possibility of further delays after the hospital involved moved…Tue Jul 06 2010 - 01:00
Fewer Nama loans making incomeTaxpayers are facing the possibility of losing several hundred million euro through the State’s toxic property loans agency, …Mon Jul 05 2010 - 01:00
