Irish property funds suspend client withdrawals amid cash calls spike Move comes amid darkening commercial property outlookTue Mar 07 2023 - 08:31
Bank of Ireland shares rise as O’Grady raises profitability targetBank’s underlying pretax profit dips to €1.2 billion after it set aside loan loss provisions amid cost-of-living crisisTue Mar 07 2023 - 07:28
AIB Life joint venture appoints Bryan O’Connor as chief executiveJoint venture with Canada Life Irish Holding Company also names chartered accountant and former senior banker Tom Foley as chairmanSat Mar 04 2023 - 06:14
Who’s next? Big Apple takes bite out of Irish market with CRH and Flutter movesMarket Beat: The direction of travel set by the two heavyweights can hardly be seen as good news for Euronext DublinFri Mar 03 2023 - 15:50
Brian McEnery: ‘The audit profession needs to continuously evolve. We’ve got to continue to try to close the expectation gap’Corporate restructuring expert's career path was partly shaped by his time on the board of the nascent NamaFri Mar 03 2023 - 14:52
Digicel plans $50m transformation investment as creditors eye controlDenis O’Brien currently owns 99.9 per cent of the groupFri Mar 03 2023 - 06:10
O’Brien finally runs out of road at Digicel as creditors swoop to capitaliseIn return for a debt restructuring, the tycoon is ceding control of the Caribbean mobile phone company he founded in 2001Thu Mar 02 2023 - 18:05
CRH shares soar on plan to move main listing to USIrish building materials giant also announced plans to spend $3bn buying back its own stockThu Mar 02 2023 - 07:40
Denis O’Brien may lose up to 90% of Digicel to creditorsBond investors to write off $1.8bn of its borrowingsThu Mar 02 2023 - 05:00
Permanent TSB swings to €267m pretax profit amid gain from Ulster Bank dealResults come as bank is transformed after buying Ulster Bank assetsWed Mar 01 2023 - 07:47
Denis O’Brien set to lose control of Digicel in $1.8bn debt-cut planBusinessman on track to cede control under plan agreed with a group of bond creditorsWed Mar 01 2023 - 06:58
Digicel bondholders’ backs against wall as O’Brien returns for more debt reliefJoe Brennan: Only $315m of ‘standalone cash’ on group’s balance sheet as of DecemberFri Feb 24 2023 - 15:51
Bank of Ireland plans staff bonuses of up €20,000 from 2024Lender to reinstate bonuses after Government lifted ban as well as further cost of living payment for staffFri Feb 24 2023 - 09:23
State’s biggest private landlord cuts value of its homes as interest rates biteIres put in a ‘strong’ performance last year, says chief executive, as occupancy levels roseFri Feb 24 2023 - 08:50
Digicel downgraded by Fitch amid debt restructuring talksRatings agency says firm’s borrowing levels are ‘unsustainable’ relative to earningsThu Feb 23 2023 - 18:05
Ardagh full-year underlying earnings fall amid rising costs and dollarGlass and metal containers group led by Paul Coulson saw margins contractThu Feb 23 2023 - 14:22
Unauthorised €738m Central Bank transfer spurs tighter controls, PAC hearsBreach relating to Department of Finance transfer was matter of ‘serious concern’, C&AG saysThu Feb 23 2023 - 12:08
Pepper to hike some mortgages to 8% after ECB movesGroup manages up to 100,000 mortgages on behalf of investment fundsThu Feb 23 2023 - 09:17
Digicel seeks grace period on $925m debt amid restructuring talksMore than 80% of Denis O’Brien-owned group’s $4.55bn of bonds and corporate loans due to mature by end 2025Thu Feb 23 2023 - 06:00
European shares drop amid heightened rate-hike concernsBanking stocks among weaker performers on IseqWed Feb 22 2023 - 18:12
Aryzta to repay remaining €200m of expensive debtCompany had flagged plan to clear hybrid euro bonds by 2025Wed Feb 22 2023 - 11:33
Corre to sell up to €7m of shares to advance energy storage projectsProceeds to be used to advance key projects in Netherlands and DenmarkWed Feb 22 2023 - 10:08
Irish State on track for further credit rating upgrades, says DavyNation’s debt to GDP ratio forecast to fall to less than a third of financial crisisTue Feb 21 2023 - 09:02
European shares edge higher in muted session as US investors enjoy holidayBanking stocks rise as full-year results come into focusMon Feb 20 2023 - 17:38
PTSB’s gain from Ulster deal to lift profit to pre-crisis levelLender on track to report as much as a €400 million accounting gainMon Feb 20 2023 - 15:18
Smurfit Kappa should go for share buyback if market continues to box it inPackaging firm flagged possibility of a first buyback this weekFri Feb 10 2023 - 14:00
Finance officials mull pension fund amid review of ‘rainy day’ potOptions under consideration include putting windfall corporate taxes to work in a pension fundFri Feb 10 2023 - 05:00
AIB life and pensions venture with Canada Life secures regulatory nodPartners expect to start trading later this year after final Central Bank regulatory approval is securedFri Feb 10 2023 - 05:00
Zurich highlights scope for deals as it stays mum on Liberty talksInsurer in discussions to buy Liberty’s business in Ireland, Spain and PortugalThu Feb 09 2023 - 09:35
KBC plans €1bn payout to investors after Irish loans salePayout could be by way of a share buyback or extraordinary dividendThu Feb 09 2023 - 07:34
State’s stake in AIB falls below 56% amid ongoing share sellingMinister expects taxpayers’ shareholding in lender to go below 50 per cent later this yearWed Feb 08 2023 - 08:02
Smurfit Kappa takes €128m hit as it agrees to sell Russian assetsCardboard-box maker reports better-than-expected full year earnings and positive outlook for 2023Wed Feb 08 2023 - 07:31
Insurer Zurich in talks to buy Liberty’s Irish and Iberian businessLiberty assets were put up for sale last year with price tag of more than €1bnWed Feb 08 2023 - 05:06
Irish company behind ‘third football team of Milan’ slumps after IPOBrera Holdings controls amateur football team with ‘mixed’ competitive performanceMon Feb 06 2023 - 06:00
Former top AIB executive Mulhall joins Vision ConsultingVision plans to double staff from 200 over next three yearsMon Feb 06 2023 - 05:00
Ryanair on course to return €1.6bn a year to investors from 2025Airline moving from revenue growth investment to capital returns, say AllianceBernstein analystsMon Feb 06 2023 - 05:00
Seen & Heard: Kerry revives co-op talks over dairy dealDeal could value business at about €600 millionSun Feb 05 2023 - 11:07
Ires Reit seen selling as much as €50m of assets this year Ireland’s biggest private landlord is likely to sell even if prices fall more than expected, Barclays analysts saySat Feb 04 2023 - 05:00
Bank of Ireland completes purchase of €7.8bn of KBC loansMove is latest step as KBC exits IrelandFri Feb 03 2023 - 18:10
Will Carl McCann’s sale of limp lettuce business revive Dole on Wall Street?Joe Brennan: Move has yet to get regulatory approval in USFri Feb 03 2023 - 15:40
AIB first with higher mortgage rates after ECB’s fifth moveOther lenders are keeping their pricing under reviewThu Feb 02 2023 - 15:39
Goodbody hires Credit Suisse’s Irish head to lead investment bankingSwiss bank is undergoing a restructuring following a series of scandalsThu Feb 02 2023 - 14:23
ECB’s planned March rate hike will not be last, Lagarde signals Move will have automatic impact on estimated 240,000 Irish tracker mortgagesThu Feb 02 2023 - 13:27
Barryroe confirms Alan Curran as CEO as key permit awaitedMajor shareholders in oil explorer are in talks to cover some of the €40 million funding Larry Goodman has committed to companyWed Feb 01 2023 - 16:44
Ulster Bank problem mortgages fall 25% amid deal flurry ahead of exit Only 50 of 650 KBC staff eligible to move to Bank of Ireland have so far signed upWed Feb 01 2023 - 14:15
Creditors of Kremlin-owned Irish firm in default weigh optionsOutcome may set a precedent for other sanctions-affected Irish funding vehicles in defaultTue Jan 31 2023 - 21:52
Irish banks to be stress-tested for up to 11.1% home price drop over three yearsCentral prediction is that Irish home prices will rise 7.4% this year, followed by 2.5% growth in 2024, before dipping in 2025Tue Jan 31 2023 - 15:21
Allianz appoints Russian unit boss to lead Irish business Current CEO Sean McGrath is retiring and will be succeeded by Phillip GronemeyerFri Jan 27 2023 - 17:42
Dubliner’s dream of massive payday dies along with cash shell company Spacs, once the darlings of Wall Street, have lost their lustreFri Jan 27 2023 - 16:31
Bank of Ireland’s UK chief quits to lead sub-prime lenderIan McLaughlin leaves for Provident FinancialThu Jan 26 2023 - 08:43
