AIB’s capital relief plan to boost investor payouts, BofA saysBank also seen making major headway in coming years on using up remaining deferred tax assets used to minimise Revenue bill since crashWed Apr 03 2024 - 05:00
Former Iseq darling Corre Energy attracts investment interest after share slumpEnergy storage developer has yet to find a way to capture and hold on to shareholder valueSat Mar 30 2024 - 06:00
Irish-led green transition firm raises initial €7.6m in London IPOFunding garnered from institutional investors and family officesThu Mar 28 2024 - 17:47
Kingspan ends up with 35.7% of Nordic Waterproofing after failed takeover bidChief executive Gene Murtagh rules out improving offerThu Mar 28 2024 - 15:10
Digicel ‘has not seen significant impact’ on Haiti business from crisisCaribbean country is telecoms group’s largest market by mobile subscribersThu Mar 28 2024 - 05:30
Government plan for January start to pension auto-enrolment deemed ‘optimistic’Industry observers skeptical that scheme – aimed at capturing 750,000 workers without pension plans – can be up and running by start of 2025Wed Mar 27 2024 - 16:12
Irish banks ‘on track’ for EU instant payments even as survey finds deadlines ‘unrealistic’EU payment services providers must be capable of receiving payments in less than 10 seconds under legislation from JanuaryWed Mar 27 2024 - 08:00
Eir co-owner Iliad holds off on triggering option to take controlIliad has had a right since the start of this year to increase its stake in Eir to almost 58%Wed Mar 27 2024 - 06:00
Ardagh bonds drop as packaging giant eyes talks on debtA holding company at top of Paul Coulson’s packaging empire had $11.6 billion of borrowings as of SeptemberSat Mar 23 2024 - 06:00
Luxury feels the pinch as Louis Vuitton boss loses world’s richest spot and Gucci sees sales plungingAs the Chinese economy slows, the luxury goods sector is taking the pain for now but will it continue?Fri Mar 22 2024 - 14:50
Barclays assets in Dublin EU hub grow to €143bn as move to Paris exploredUK lender shifted EU base to Ireland after Brexit referendumFri Mar 22 2024 - 06:00
European shares climb to new high amid mounting rate-cut talkInvestors now see ECB as almost certain to cut rates in JuneThu Mar 21 2024 - 18:15
NTMA completes two-thirds of minimum 2024 bond salesThe Agency tasked with managing State funding has now sold €4 billion of benchmark bonds this yearThu Mar 21 2024 - 12:25
Irish banker Duffy eyes up to €17.9m pay-day in Virgin Money takeoverCompanies confirm details outlined this month to form challenger to UK’s biggest banksThu Mar 21 2024 - 09:20
Hostelworld agrees with Revenue to repay €9.6m warehoused taxes over three yearsNet revenues at company rises to record €93mThu Mar 21 2024 - 07:54
Kenmare chief says ‘nobody banging on our door’ after investor calls for saleFalling mineral prices and disruption to production at mine see earnings come in one quarter below those for last yearWed Mar 20 2024 - 08:06
Datalex reviews long-term strategy as 2023 revenue to top forecastFull year Ebitda loss to fall to $2.9m as travel retail software company signs new deals with LatAm Airlines and Air MacauWed Mar 20 2024 - 07:50
Citigroup plans Irish job cuts, with 168 roles at risk in DublinWall Street banking giant is shedding jobs globally as part of cost-cutting initiativeTue Mar 19 2024 - 17:35
Cathal Friel-chaired green transition firm announces London IPO planFriel orchestrated the IPO of Open Orphan in 2019 through the reverse takeover of Dublin-listed Venn Life SciencesMon Mar 18 2024 - 07:00
Bank of Ireland urged to refresh UK strategy after ‘value over volume’ pivotLender has stopped providing mortgages and personal loans through the UK Post OfficeSat Mar 16 2024 - 06:05
Central Bank lawyer denies ex-PTSB chief executive tracker case was prejudgedFindings of inquiry involving former chief executive David Guinane expected to be delivered ‘in a matter of months’Fri Mar 15 2024 - 17:17
CRH chief Albert Manifold’s pay hits €12.1m as group exits IseqAnnual report notes Manifold (61) is working closely with board on the design of long-term chief executive succession processFri Mar 15 2024 - 13:45
Inquiry into former PTSB chief shown ‘no evidence’ customers affected by alleged breachCase centres around a clause in boom-era tracker loan documentsThu Mar 14 2024 - 18:45
Nama and Oaktree face North Dock investment squeeze as receiver seeks €130mSeoul-based KB Securities bought the building in 2018 for about €120m. It made a failed attempt to sell the property early last yearThu Mar 14 2024 - 05:00
Ires names former Anglo Irish Bank executive Eddie Byrne as chief executiveByrne to succeed Margaret Sweeney ahead of forthcoming agm and amid ongoing strategic reviewWed Mar 13 2024 - 17:25
Norwegian insurer cuts FBD stake below 3%Protector Forsikring’s 2021 emergence on FBD shareholder triggered takeover speculation, quickly denied by Oslo-based firmWed Mar 13 2024 - 12:03
Energia pays €200m dividend as US private equity owner plots saleGroup could fetch as much as €2.75bn if possible sale takes placeWed Mar 13 2024 - 06:00
Auto-enrolment pension systems bids narrow as Bill nears publicationPlan by Minister for Social Protection Heather Humphreys to launch landmark project by the end of the year continues to draw a lot of scepticismWed Mar 13 2024 - 05:28
PTSB could free up €270m of capital under key mortgage-risk review – BofAUS bank points to lender’s effort to reduce risk weighting of its assetsMon Mar 11 2024 - 21:17
San Leon nears fresh refinancing after US funds no-showOil and gas explorer is focused largely on assets in AfricaMon Mar 11 2024 - 18:28
Irish stock exchange owner drafts Government pitch to reboot initial public offerings Number of senior business figures developing proposals to beef up Dublin marketMon Mar 11 2024 - 06:00
Accounting regulator ‘disappointed’ as 23% of important company audits needed improvement last yearIaasa says rate of shortcomings in audits of ‘public interest entities’ doubled compared to 2022Mon Mar 11 2024 - 06:00
Government’s 2024 homebuilding target ‘at risk’ as construction activity contractsMeasure of construction activity contracts for 17th straight monthMon Mar 11 2024 - 06:00
Seen & Heard: Hines nears €125m Tallaght Square dealBlueface sale may see jobs go; Shannon pipeline delays threaten FDI, Ex-AIB chief in new role; Limerick restaurants out of examinershipSun Mar 10 2024 - 12:29
Central Bank of Ireland taps ex-ECB banking watchdog chief to review vetting regime for finance executivesReview follows tribunal finding that bank’s decision-making was “flawed” in assessment of director nomineeFri Mar 08 2024 - 16:59
Fifteen years after bailout, taxpayers now €800m under water on surviving Irish banks PTSB needs relief on the cost of writing mortgages to be able to compete with larger rivals and make good on repaying its bailoutFri Mar 08 2024 - 15:25
FBD eyes another special investor payout after €36m dividend on strong resultsPretax profits jumps 24% to €81.4m after release of some reserves and €19.1m return on investmentsFri Mar 08 2024 - 07:56
Axa Ireland CEO Marguerite Brosnan: ‘My job is to understand complexity to make things really simple’Head of largest insurer in the State says Laya deal ‘is transformative’Fri Mar 08 2024 - 06:00
Aviva’s Irish operating profits jump to €87m amid higher investment returnsAviva Insurance Ireland is the third-largest personal and commercial insurer in the StateThu Mar 07 2024 - 16:59
Former PTSB chief says he did not agree to preferential treatment of some customersDavid Guinane says he has no memory of reading email which mentioned matterThu Mar 07 2024 - 16:34
Irish banker David Duffy eyes multimillion pay-day with Virgin Money saleProposed deal would create group with total assets of £366bnThu Mar 07 2024 - 09:54
PTSB operating profit soars to €164 million but share price drops as investors mull outlook Group’s loan book has increased 50% since mid-2022Thu Mar 07 2024 - 07:39
Former PTSB chief says it’s ‘extraordinary’ he is only individual subjected to tracker mortgage inquiryDavid Guinane says he is being asked to account for events that occurred 15 years ago that he cannot rememberWed Mar 06 2024 - 14:01
AIB plans to buy back €1bn of shares from State amid spike in profitsBank’s net profit surges more 170% to more than €2bn as it records strongest financial performance in its historyWed Mar 06 2024 - 07:21
Spain’s Cellnex sells Irish telecom masts unit for €971m to Phoenix TowerPhoenix entered the Republic in 2020 buying Emerald Tower, which owns over 650 mobile masts, for €300 million from EirTue Mar 05 2024 - 15:57
Aryzta shares rise on better-than-expected earningsCuisine de France owner sees revenue jump to €2.2bnMon Mar 04 2024 - 19:09
State’s AIB stake dips below 40% ahead of bank’s full-year resultsAIB due to publish annual results on Wednesday, with analysts expecting chief executive to announce use of some surplus capital to buy more shares back from StateMon Mar 04 2024 - 18:21
Will CRH break with tradition and look stateside for next CEO?Building materials giant switched its primary listing to New York Stock Exchange in SeptemberSat Mar 02 2024 - 06:00
Irish stock market trading turnover slumps 30% in February after CRH and Flutter exitsIrish equities trading turnover last month equated to a daily average of €183.3m, down from €261.3m a year agoSat Mar 02 2024 - 06:00
Corre Energy director quits amid UK tax allegationsDarren Patrick-Green, the company’s largest shareholder, is to step down with immediate effectThu Feb 29 2024 - 19:38
