No need for State to intervene in mortgage market, say banksTHERE IS no case for the Government to intervene in the mortgage market, the Irish Banking Federation (IBF) has said, despite…Tue Sept 02 2008 - 01:00
Falling off the edgeUS MARKET: A former sub-prime lender explains how the industry was brought down by the need to compete with even the 'dumbest…Mon Sept 01 2008 - 01:00
FBD made €5.2m pretax loss in first half of year due to fall in investmentsINSURANCE COMPANY FBD made a pretax loss of €5Thu Aug 28 2008 - 01:00
ILP tells investors it can release €1bn capitalSHARES IN Irish Life Permanent (ILP), the country's largest mortgage lender, gained 9 per cent after the company reassured investors…Thu Aug 28 2008 - 01:00
Department to check if car write-offs are back on roadsTHE DEPARTMENT of Transport has received new information on car write-offs from insurance companies, and is checking the data…Wed Aug 27 2008 - 01:00
Kerry expects to reach annual profit targetTHE STATE'S largest food company, Kerry Group, expects to reach its annual profit target, despite higher food costs and pressure…Wed Aug 27 2008 - 01:00
Cavan builder bucks trend with 31% rise in pretax profitsCAVAN-BASED builder P Elliott Co increased pretax profits by 31 per cent to €15Wed Aug 27 2008 - 01:00
ECB lending to Irish financial institutions hits €44bnEUROPEAN CENTRAL Bank (ECB) lending to Irish financial institutions reached €44Tue Aug 26 2008 - 01:00
Consumer sentiment lifts for first time in seven monthsCONSUMER SENTIMENT rose modestly this month, as consumers responded positively to summer sales and were less concerned about …Tue Aug 26 2008 - 01:00
Regulator fines Apex Fund ServicesTHE IRISH Financial Services Regulatory Authority has reprimanded and fined fund administrator Apex Fund Services (Ireland) and…Sat Aug 23 2008 - 01:00
Noonan Services sold in €90m management buyoutNOONAN SERVICES, the contract cleaning and facilities management group, has been sold in a management buyout (MBO)backed by Alchemy…Sat Aug 23 2008 - 01:00
Name droppingJim O'Mahoney, Coyle Hamilton Willis: THE NAMES Coyle and Hamilton are among the oldest in Irish businessFri Aug 22 2008 - 01:00
Anglo Irish defers €2.5m fee for BecbayTHE COMPANY behind the redevelopment of the Irish Glass Bottle Site at Ringsend in Dublin had its bank debt reduced by €2Fri Aug 22 2008 - 01:00
Starbucks reduces losses as turnover doubles to €11.1mTHE IRISH operation of Starbucks reduced its losses by almost two-thirds in the 12 months to September 2007 - its second year…Thu Aug 21 2008 - 01:00
BoI cuts consultant costs by one-thirdBANK OF Ireland has shaved 30 per cent off the cost of outside consultants and contractors by renegotiating their contracts and…Wed Aug 20 2008 - 01:00
US woes hit Irish banks as shares drop €1bn in valueIRISH BANK shares endured another tough day yesterday as concerns that the US government might have to provide further support…Wed Aug 20 2008 - 01:00
UK building society to launch in RepublicTHE LARGEST building society in the UK, Nationwide, is planning to launch savings products in the Irish market next spring and…Tue Aug 19 2008 - 01:00
Value of new mortgages down 16% this yearTHE VALUE of new mortgages advanced in the three months to June dropped 13 per cent, bringing the decline for the first half …Mon Aug 18 2008 - 01:00
DCC to buy Texaco oil in UK from Chevron for €27.5m cashINDUSTRIAL HOLDING group DCC has agreed to buy the UK oil distribution business of American fuel giant Chevron, which operates…Sat Aug 16 2008 - 01:00
Bank's directors' pay falls 22% to €3.2m as three quitDIRECTORS' PAY at Bank of Scotland (Ireland) fell 22 per cent to €3Sat Aug 16 2008 - 01:00
Janssen move keeps financial affairs privateTHE STATE'S largest pharmaceutical company, Janssen Pharmaceutical, which paid dividends of almost €7 billion to US parent corporation…Sat Aug 16 2008 - 01:00
Quinn and family confirm Anglo stake of almost 15%SEÁN QUINN and his family have completed their purchase of a shareholding of almost 15 per cent in Anglo Irish Bank, the State…Fri Aug 15 2008 - 01:00
Galway company Thomas McDonogh posts pretax profit of €7.6 millionGALWAY COMPANY Thomas McDonogh Sons has posted pretax profits of €7Thu Aug 14 2008 - 01:00
Office suppliers Ryan and Evolutions in €15m mergerDUBLIN-BASED office supplies and equipment companies Bryan S Ryan and Office Evolutions Group are merging in a €15 million deal…Thu Aug 14 2008 - 01:00
Anglo Irish shares fall nearly 3% despite growthANGLO IRISH Bank shares fell almost 3 per cent yesterday despite the bank reiterating its forecast that earnings would rise 15…Thu Aug 14 2008 - 01:00
UBS's credit crisis losses hit $42bn on latest resultsSWISS BANK UBS, the European bank hardest hit by the credit crunch, wrote down a further $5 billion (€3Wed Aug 13 2008 - 01:00
R&D costs cut Lake profits 46% to €2mDUBLIN TELECOMS equipment company Lake Communications has posted a 46 per cent drop in profits for the 16 months to the end of…Wed Aug 13 2008 - 01:00
Securities trading company dissolvedA DUBLIN-BASED securities trading company, Custom House Capital Online, has called its creditors to a meeting next month to put…Wed Aug 13 2008 - 01:00
Government must sow seeds soon to stimulate some economic growthBUSINESS OPINION : BANKERS REGULARLY speak of the prospect of the "green shoots" of recovery appearing in the global financial…Mon Aug 11 2008 - 01:00
RBS posts second-biggest loss in history of UK bankingROYAL BANK of Scotland (RBS), owner of Irish lenders Ulster Bank and First Active, has posted the second-biggest loss in UK banking…Sat Aug 09 2008 - 01:00
Bank of Ireland to close down eight high-street mortgage storesBANK OF Ireland is closing down The Mortgage Store, its chain of eight high-street mortgage shops, in a further sign of the downturn…Sat Aug 09 2008 - 01:00
Lower Ulster Bank-First Active profits for RBSULSTER BANK and its subsidiary bank, First Active, contributed less profit to its parent company, Royal Bank of Scotland (RBS…Sat Aug 09 2008 - 01:00
Belgian bank KBC took €42m hit on Irish Life PermanentBELGIAN BANK KBC, the owner of Irish lenders IIB Bank and IIB Homeloans, took a bad debt charge of €42 million in the three months…Sat Aug 09 2008 - 01:00
Credit union breaks new ground with debit cardBISHOPSTOWN CREDIT Union in Cork will become the first credit union in the State to offer a debit card to members from the start…Fri Aug 08 2008 - 01:00
NIB pretax profits fall 71% to €2m in first half of 2008NATIONAL IRISH Bank's pretax profits fell 71 per cent to €2 million in the first half of the year compared to the same period…Fri Aug 08 2008 - 01:00
Standard Life new business falls 46%LIFE INSURER Standard Life said new business sales of pensions and investments in Ireland fell 46 per cent to £157 million (€…Thu Aug 07 2008 - 01:00
Anglo Irish Bank shares up 12.7%SHARES IN Anglo Irish Bank jumped again yesterday, rising 12.7 per cent to €6Thu Aug 07 2008 - 01:00
Northern Rock to get £3bn in capital from governmentNORTHERN ROCK, the British state-owned bank, is to receive up to £3.4 billion (€4Wed Aug 06 2008 - 01:00
HSBC's Irish bank division increased deposits by 40%THE IRISH corporate banking division of HSBC, Europe's largest bank, increased deposits by 40 per cent in the first six months…Tue Aug 05 2008 - 01:00
Fall in Anglo shares on loan signals short selling dipTHE PROPORTION of Anglo Irish Bank's shares on loan - an indicator of the level of short selling on the bank's share price declining…Tue Aug 05 2008 - 01:00
No proof HBOS was targeted by short sellersTHE UK financial regulator has found no evidence that short sellers targeted British bank HBOS in a "concerted" effort to depress…Sat Aug 02 2008 - 01:00
Anglo Irish falls after NCB reduces bank stock ratingsANGLO IRISH Bank has fallen 8Fri Aug 01 2008 - 01:00
Bank blames bad debts and costs for slower profitsBANK OF Scotland (Ireland) has reported a smaller increase in profits for the first half of the year compared with its earnings…Fri Aug 01 2008 - 01:00
Court gives go-ahead for Lynn video evidenceThe High Court has agreed to allow fugitive solicitor Michael Lynn to give evidence via video-link from Budapest in a case being…Thu Jul 31 2008 - 01:00
AIB profits fall as concern over bad debts increasesSHARES IN AIB, the State's biggest bank, rose 6.8 per cent after it reported better-than-expected pretax profits of €1Thu Jul 31 2008 - 01:00
Market pleased with ILP's debt dealSHARES IN Irish Life Permanent (ILP), the State’s largest mortgage lender, rose 12 per cent to €5Thu Jul 31 2008 - 01:00
Retailer criticises price surveysSOURCING ROW: THE HEAD of supermarket chain Superquinn has criticised the National Consumer Agency (NCA), saying its grocery…Thu Jul 31 2008 - 01:00
Sutherland criticises BP's Russian partnersPETER SUTHERLAND, the Irish chairman of oil giant BP, has launched a broadside against the Russian shareholders in the company…Fri Jul 25 2008 - 01:00
Anglo share price boosted by Quinn's stake as shortsellers lose outANALYSIS: Sean Quinn is taking Anglo stock away from investors who bet on the shares fallingFri Jul 25 2008 - 01:00
Aer Lingus staff group say they have not been consulted on next chairmanTHE EMPLOYEE Share Ownership Trust (Esot) at Aer Lingus has not been consulted about a recommendation to appoint businessman …Fri Jul 25 2008 - 01:00
