Ardagh cuts glass forecasts again as it continues to weigh options for €11.5bn debt
Fall driven by a drop in glass volume sales in North America
Ardagh Group
Ardagh bonds edge higher as sale of food cans venture draws close
Californian buyout firm Platinum Equity reported to be in talks to buy Ardagh’s 42%-owned Trivium for more than $3.5bn
Coulson’s love-in with junk bond investors in Ardagh hits the rocks
Analysts expect outlook for glass bottle sector to force group to restructure its debt at some point
Ardagh slashes forecast for glass bottle business as it mulls how to cut €11.5bn debt
Hit to bottle unit caused by weaker-than-expected demand among consumers in Europe, and a switch by drinks manufacturers from glass to aluminium cans
Ardagh’s riskiest bonds fall below 20c on euro ahead of results
Chairman of glass and metal packaging group says ‘all options’ to cut debt burden are being looked at
Ardagh to halt production at two US glass factories
Earnings and revenue at the group have fallen, driven by declines as drinks companies cut back orders
National Lottery plans to move its HQ to new location
Funeral for legendary actors’ agent; CRH chief’s home renovations troubles; Phil Hogan joins Irish lobbying register; a financial blow for the IRFU, and a tough job at RTÉ
Ardagh’s riskiest bonds hit low of 21 cent on the euro on Apollo deal
Declines follow Ardagh’s deal with the debt solutions company to buy out some of the group’s riskiest bonds
Ardagh enlists Apollo to refinance $700m debt falling due next year
Companies also agree plan to mop up some risky bonds as S&P moved earlier this month to downgrade company on account of $12bn debt burden
Ardagh’s debt nears $11.2bn amid S&P warning on risks
Packaging group’s riskiest bonds are currently trade at as low as 27 cents on the dollar
Cork native Gordon Hardie named chief executive of US glass containers giant
O-I Glass appointment will see three of the world’s largest packaging groups under the influence of Irishmen
Ardagh bonds drop as packaging giant eyes talks on debt
A holding company at top of Paul Coulson’s packaging empire had $11.6 billion of borrowings as of September
Ardagh revisits potential sale of food cans joint venture
Ardagh and Ontario Teachers’ Pension Plan Board are working with advisers to prepare Trivium for possible auction
No rest for the Cooler after exiting the hot seat at heavily indebted Ardagh
Paul Coulson has handed the reins to new chair Herman Troskie, but Ardagh’s €10.7bn debt pile means he can’t sit back and take it easy just yet
Weight-loss drugs threaten profits at food and beverage makers worldwide
Analysts also flag risks to packaging producers such as Paul Coulson’s Ardagh Metal Packaging
Ardagh chairman Paul Coulson to step down
Executive has been chairman of the glass and metal containers giant since 1998
Ardagh Group reports $155m loss for first half, weighed down by restructuring spend
Revenue up marginally while EBITDA increases by 10% compared to a year ago
Why dividend yield at Coulson’s Ardagh Metal is safer than market fears
Share price slump of beverage can marker since it floated two years ago leaves its dividend yield at eyewatering 11%
Housing demand rises, Sean Quinn’s book, and Gammell joins Saudi airline
Business Today: the best news, analysis and comment from The Irish Times business desk
Ardagh’s main shareholder sells quarter of €53m stake in riskiest bonds
Paul Coulson takes advantage of a rally in market value
Former DCC division sold to US private equity firm
Enva, a waste management group, was born out of €226m buyout of the environment division of DCC
From rugby pitch to boardroom: Johnny Sexton to follow well trodden path into business world
The line up of current and former Irish international rugby players forging a career in business continues to grow with captain Johnny Sexton already planning his next move
Ardagh full-year underlying earnings fall amid rising costs and dollar
Glass and metal containers group led by Paul Coulson saw margins contract
US regulator moves against Ardagh over non-compete restrictions
The Federal Trade Commission named Ardagh among firms which used ‘harmful’ agreements.
Ardagh’s drink cans unit warns on profits amid costs and demand woes
Company now expects its full-year earnings to fall to between $640m and $650m
Paul Coulson plans record $1.8bn Ardagh investment
Glass and metal containers giant expanding drink cans business
Packaging giant Ardagh slides into loss amid sales dip and refinancing costs
Sales dropped 6% in second quarter at glass and metal container group
Ardagh Group seeks to raise $600m in bond deal
Glass and metal containers giant offering senior notes that will mature in 2027
Ardagh cuts earnings forecast as European metals unit by weak harvest
Packaging group’s downgrade is second in three months
Ardagh moves to give legacy shareholders a boost
Irish-led group reports 20 per cent jump in revenue as 2017 earnings rise to €1.34 billion
Ardagh cuts forecast as weak dollar and US beer market bites
Metal and glass containers group’s revenue and earnings dip 1% in third quarter
Ardagh earnings jump 38% following biggest ever deal
Containers group that floated in New York last month sees revenue surge to €1.84bn
YOU MAY ALSO LIKE...
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices