Top five Irish insurers stomach €411m investments hit in 2022 as rates soaredPaper losses pushed the sector into a loss at its so-called comprehensive level and reduced capital reserves levels across most top insurersWed May 17 2023 - 05:00
Fragmenting global trade could trigger higher levels of inflation, warns Central Bank governor Gabriel Makhlouf says changes in the availability of goods and services can affect prices, necessitating more aggressive interest rate adjustmentsTue May 16 2023 - 12:33
Former INBS chief Fingleton ‘had less than €25,000 in personal accounts’Court filings say the prominent former banker also had outstanding judgement debts of more than €10.7m at the end of last yearSat May 13 2023 - 05:00
Michael Fingleton had less than €25,000 in two personal bank accounts last year, son claimsFormer Irish Nationwide Building Society chief once worth €75m, court filings showSat May 13 2023 - 04:57
Finance union calls for banking levy to be widened to Revolut and other fintechsMinister has launched public consultation on levy, which was introduced in 2014 and due to come to end in December 2023Sat May 13 2023 - 04:51
Ryanair’s O’Leary ‘loses battle but wins war’ in mega Boeing deal Joe Brennan: Airline’s CEO fails to secure as favourable terms as he once did but still comes out aheadFri May 12 2023 - 13:42
Irish accounting deals pick up as insolvencies eyed and private equity circlesCompanies are grappling with rising costs and interest rates, and more than €2 billion of warehoused tax debt built up over the pandemic falls due in 12 monthsFri May 12 2023 - 05:08
AIG to put Laya Healthcare on market for as much as €200mUS insurance giant bought nation’s second largest health insurance in 2015 for about €80mFri May 12 2023 - 05:00
Canada’s TD Securities names Mayo native as EU hub chief in DublinEnda Kilcullen succeeds Kevin Ahern as chief executive of EU hub TD Global FinanceFri May 12 2023 - 05:00
European shares run out of steam as Bayer and energy stocks declineThe Iseq All Share index closed less than 0.1% higher at 8,544.01Thu May 11 2023 - 18:22
FBD says investment returns positive after €100m hit last yearInsurer says capital levels have grown and it remains ‘engaged with stakeholders on the return of excess capital’Thu May 11 2023 - 08:04
Former PwC partner who leaked Australian tax plans sought to tap Irish contactsFormer PwC Australia tax partner Peter-John Collins was banned in January from practising as a tax agentThu May 11 2023 - 06:15
Michael Fingleton fails to stop trial over alleged INBS mismanagementCourt of Appeal rules that former Irish Nationwide boss’s ill-health does not put him at risk of ‘unfair trial or an unjust result’ in €290m actionWed May 10 2023 - 12:01
Interpath Ireland hires Liam Booth to head corporate finance businessBooth left Investec last summer after almost two decades with the firm and NCB GroupWed May 10 2023 - 04:50
Central Bank engaged ‘extensively’ with BlackBee Investments before liquidation moveRegulator ordered BlackBee last December not to make any payments from third party client asset accounts without the prior approvalTue May 09 2023 - 09:54
Bank of Ireland starts €125m share buybackPlan was announced in March and follows €50m share repurchase last yearTue May 09 2023 - 07:32
European shares advance on solid earnings and as investors digest ECB increaseIseq All Share index ends session up 1.3%Fri May 05 2023 - 17:59
Joe Brennan: Ires investors wrestle with reits and wrongs of sale after testy agmLevel of dissent heaps pressure on the company as it comes under siege from activist shareholder Vision CapitalFri May 05 2023 - 15:27
Irish Auditing and Accounting Supervision Authority fines accountants over BDO audit of reinsurerRegulator has now fined eight individuals since taking direct responsibility for inspecting audits of public interest entitiesFri May 05 2023 - 15:18
CRH chief Manifold joins Mercury Engineering boardContract with the building material giant due to come to an end next yearThu May 04 2023 - 16:12
Ires directors ride out revolt as dissident investor vows to pursue egmShareholders’ rejection of company pay policy seen as embarrassing for IresThu May 04 2023 - 13:58
Datalex hails aviation recovery after losses more than doubled in 2022 to €10.3mResults come ahead of investor and analyst presentations next week as group looks to refinance high interest loansThu May 04 2023 - 08:10
AIB upgrades forecasts after ‘very strong’ first quarterGovernment has continued to lower its stake in the bank this year, reducing it to 53.4% last weekThu May 04 2023 - 07:42
Bank of Ireland’s new mortgage lending more than doubles in first quarterBut bank saw decline in UK and international corporate lending during the periodWed May 03 2023 - 07:39
Ires says revenues grew 4.9% in first quarter ahead of agm showdownActivist investor Vision Capital has been waging an open battle against Ires for the past three weeks, after Ires resisted its calls to put itself up for saleWed May 03 2023 - 07:21
European shares fall to one-month low as oil stocks slide, Pearson plummetsTraders look to interest rate decisions later this weekTue May 02 2023 - 18:41
Digicel bondholders to grant up to $100m bridging loan amid restructuringInvestors due to have been repaid on March 1st agree further 30-day grace period with troubled firmTue May 02 2023 - 18:26
Permanent TSB’s interest income jumps 86% on Ulster Bank deal and rising ratesPTSB expects mortgage market to grow 3% this year to €14.5 billionTue May 02 2023 - 07:39
Activist that shook up Aryzta took bread out of the oven way too soonVeraison Capital more interested in deep restructuring and refocusing of business that had long lost its waySat Apr 29 2023 - 05:30
European shares advance on strong corporate earnings Iseq creeps up with Smurfit jumping 4.7%Fri Apr 28 2023 - 18:09
Smurfit Kappa in mediation over contested Colombia landCampaigners claiming indigenous communities in Colombia have historic right to Smurfit Kappa land target agm for second year as mediation gets under wayFri Apr 28 2023 - 12:14
Ulster Bank deposits fall to €2bn amid ‘big switch’UK-owned lender recently began to lay the ground for the gradual repatriation of more than €4 billion of capital to its parent, NatWestFri Apr 28 2023 - 07:24
CRH now ‘de facto American’ even as base remains in Dublin, says chiefUp to 75% of group profits come from North America and group wants to tap ‘golden age of construction’ in USThu Apr 27 2023 - 15:57
Former auditors of Wirecard’s Irish unit fined and reprimandedSanctions come less than a month after wider Widercard group’s one-time auditors were fined by German authoritiesThu Apr 27 2023 - 11:08
Dublin-based Bank of America Europe’s earnings drop amid loan loss chargeFirm sets aside $106 million to cover potential soured loansThu Apr 27 2023 - 00:01
Jet lessors likely ‘face two year wait’ for insurance cash on planes in RussiaDublin-based lessors seeking insurance payments for planes stranded in Russia amid Ukraine warWed Apr 26 2023 - 16:35
Ratings agency warns on economic price of Irish housing shortages Cost of materials also highlightedWed Apr 26 2023 - 10:58
CRH says investor backing for US listing ‘strong’ as earnings riseGroup sales rose by 7% despite small decline in European revenuesWed Apr 26 2023 - 07:38
Ires Reit founder Capreit joins forces with activist investor Re-election of chief executive Margaret Sweeney to be contestedTue Apr 25 2023 - 18:48
Businessman’s case against Davy and 16 former employees to be settled, court hearsSettlement understood to include Patrick Kearney receiving about €2 million, without any liability being admittedTue Apr 25 2023 - 14:14
State’s holding in AIB to fall to 53.4% after €215.3m share buybackBank also to pay the State €88.6 million via a dividendTue Apr 25 2023 - 07:40
Irish bank with most exposure to Russia plunges to over €166m lossIntesa Sanpaolo Bank Ireland alone among 17 banks licensed in State to report material exposures to Russia in most recent sets of annual accountsTue Apr 25 2023 - 05:21
Ires Reit activist calls for halt to asset sales as ‘crown jewels’ on marketVision Capital publishes second open letter to shareholders in as many weeksMon Apr 24 2023 - 15:53
Ires Reit board secures backing from investor advisory firms amid stand-off against activistInstitutional Shareholder Services indicates insufficient evidence ‘that the board has been a poor steward of capital’Sat Apr 22 2023 - 05:00
Netflix’s prospects hinges on stopping multiple viewers using shared passwordsJoe Brennan: The streamer seems reluctant to change parts of its model, such as dropping all episodes of a series at onceFri Apr 21 2023 - 15:40
Allianz Ireland takes €154m paper hit on investments amid rising ratesSolvency reserves fall as insurers taking a hit on large bond holdings though that will likely reverse as they are held to maturityFri Apr 21 2023 - 05:00
Ulster Bank lays ground for €4bn transfer to UK as branches closeTransfers will require Central Bank approval as bank closes its last 63 branches and is expected to announce further redundanciesFri Apr 21 2023 - 05:00
Low Irish deposit rates ‘subsidising’ mortgage holders, Makhlouf saysFinance officials confirm PwC paid €54m settlement for Quinn Insurance audit caseThu Apr 20 2023 - 12:31
Grafton investors urged to reject new chief executive’s pay premium DIY retailer and building materials distributor completes £93.3m share buyback programmeWed Apr 19 2023 - 17:06
Irish Life spins out units overseeing €14bn of assets into new wealth companyUnio aims to grow the level of assets under advice to €20 billion by 2027Wed Apr 19 2023 - 07:36
