Plan based on best information available, says LenihanMinister for Finance Brian Lenihan said today the assessment that Bank of Ireland and AIB required €7 billion in capital was …Thu Feb 12 2009 - 00:00
Muted market reaction to €7bn recapitalisation planMarket reaction to the Government’s €7 billion recapitalisation of the State’s two largest banks AIB and Bank of Ireland has …Thu Feb 12 2009 - 00:00
Neary gets €200,000 payment for early retirementThe former Financial Regulator Patrick Neary has received a payment of approximately eight months salary totalling almost €200…Wed Feb 11 2009 - 00:00
Smurfit Kappa reports pre-tax loss on falling demandPackaging company Smurfit Kappa posted a full-year pre-tax loss as demand from manufacturers and consumers dropped and prices…Wed Feb 11 2009 - 00:00
RSA to outsource up to 70,000 more testsTHE ROAD Safety Authority (RSA) is to outsource up to 70,000 driving tests this year, but has been told by the Labour Relations…Wed Feb 11 2009 - 00:00
Glanbia to cut 210 jobs under cost saving planFood group Glanbia is seeking 210 redundancies as part of a previously-announced cost saving plan, a spokeswoman confirmed this…Tue Feb 10 2009 - 00:00
Elan may sell up to 25% stake to raise capitalPharmaceutical firm Elan is likely to sell up to a quarter of the company as part of its plan to raise around $1Mon Feb 09 2009 - 00:00
Sutherland resigns from RBS boardROYAL BANK of Scotland (RBS) has announced the resignation of seven non-executive directors from its board, including former …Sat Feb 07 2009 - 00:00
'We bankers have made mistakes,' says Ulster Bank chiefIRISH BANKERS made a mistake by lending too much money to a small group of customers and business sectors, a senior banking executive…Sat Feb 07 2009 - 00:00
Zurich Life posts 20% increase in new pension sales for 2008ZURICH LIFE Ireland, the company formerly known as Eagle Star Life, posted a 20 per cent rise in new pension sales last year, …Fri Feb 06 2009 - 00:00
Banks 'lent too much', senior executive admitsIrish bankers made a mistake by lending too much money to small group of customers and business sectors, a senior banking executive…Fri Feb 06 2009 - 00:00
Aer Lingus January passenger numbers fallA slowdown in Aer Lingus passengers on its long-haul routes to the United States contributed to a fall of more than 6 per cent…Fri Feb 06 2009 - 00:00
Sutherland among 7 directors resigning from RBS boardPeter Sutherland, a former EU commissioner and attorney general, was one of seven non-executive directors who resigned from the…Fri Feb 06 2009 - 00:00
Value of Blackrock's assets declines by €100mBlackrock International Land, the property company spun off from fruit group Fyffes, has written down the value of its assets…Fri Feb 06 2009 - 00:00
Regulator introduces new rules for directors' loansThe Financial Regulator is to introduce new rules for directors’ loans following the discovery of significant director loans …Thu Feb 05 2009 - 00:00
New business at Zurich Life up 1%, grows market shareNew business at Zurich life insurance, the company formerly known as Eagle Star Life, rose 1 per cent to €218Thu Feb 05 2009 - 00:00
Moody's downgrades outlook on debt held by Irish banksRatings agency Moody's has downgraded its outlook on bank debt guaranteed by the Irish Government from “stable” to “negative…Thu Feb 05 2009 - 00:00
Two Irish Zavvi outlets to close with loss of 25 jobsTwenty-five people are to lose their jobs after the provisional liquidator of troubled music and entertainment chain Zavvi decided…Thu Feb 05 2009 - 00:00
NIB reports €552m loss on write-off and bad loansNational Irish Bank (NIB) has reported a pre-tax loss of €552 million for 2008 due to loan impairments of €228 million and a …Thu Feb 05 2009 - 00:00
Up to one in 10 collisions due to 'driver flu'MOTORISTS WHO have a flu or heavy cold suffer a similar level of driving impairment to consuming two units of alcohol, according…Wed Feb 04 2009 - 00:00
DCC expects 15% rise in earningsDCC EXPECTS full-year earnings growth of up to 15 per cent on a constant currency basis but said exchange rate fluctuations mean…Wed Feb 04 2009 - 00:00
Hibernian Aviva life and pensions sales fall 29%Life and pension sales at Hibernian Aviva fell by 27 per cent to £1.29 billion sterling (€1Wed Feb 04 2009 - 00:00
Unemployment at 13-year high, CSO data showThe number of people signing on for jobseekers' payments hit a record high of 327,860 in January, bringing unemployment to a …Wed Feb 04 2009 - 00:00
Competition cuts Vodafone revenueCOMPETITIVE PRESSURES pushed down Vodafone Ireland’s average monthly revenue per user (ARPU) during the final three months of…Wed Feb 04 2009 - 00:00
DCC expects earnings growth of up to 15%DCC expects full-year earnings growth of up to 15 per cent on a constant currency basis but said exchange rate fluctuations mean…Tue Feb 03 2009 - 00:00
Manufacturing sector contracts for 14th month in rowSTERLING WEAKNESS and a decline in global demand contributed to a fall in new orders for Irish manufacturers as the sector declined…Tue Feb 03 2009 - 00:00
Pretax profits halve at recruitment firm CPLPRETAX PROFITS at recruitment firm CPL Resources almost halved in the six months to the end of December due to the “extremely…Tue Feb 03 2009 - 00:00
Cabinet discusses spending cuts, recapitalisation planThe Cabinet met today to discuss how to impose €2 billion in public spending cuts following a breakdown in talks with the social…Tue Feb 03 2009 - 00:00
Weak sterling sees further falls in Irish manufacturingSterling weakness and a decline in global demand contributed to a fall in new orders for the Irish manufacturing sector, which…Mon Feb 02 2009 - 00:00
Market awaits details of bank recapitalisation planIrish banking shares the focus of attention this morning as reports of an impending recapitalisation plan for AIB and Bank of…Mon Feb 02 2009 - 00:00
Pre-tax profits at recruiter CPL drop to €6mPre-tax profits at recruitment firm CPL Resources almost halved in the six months to the end of December due to the “extremely…Mon Feb 02 2009 - 00:00
Easier LivingRecession bites for engineers, new use for instant messaging, software for GPs and a smart way to track staff holidaysMon Feb 02 2009 - 00:00
Moody's says it may downgrade State's debt ratingRATINGS AGENCY Moody’s has threatened to downgrade the State’s debt rating if the Government’s finances deteriorate further. …Sat Jan 31 2009 - 00:00
Ireland's Gov't debt now rated riskiest in EuropeIreland’s government debt has become the riskiest in the euro zone, surpassing Greece’s sovereign bonds, according to credit-…Fri Jan 30 2009 - 00:00
48% believe Gov't handling of economy 'very poor'Almost half the population believes the Government’s handling of the economic downturn has been “very poor”, according to an …Fri Jan 30 2009 - 00:00
Moody's puts Ireland on watch for downgradeRatings agency Moody’s has threatened to downgrade the State’s debt rating if the Government’s finances deteriorate further…Fri Jan 30 2009 - 00:00
Economy to shrink by 4.7% this year, says Central BankThe Irish economy is set to contract by 4Thu Jan 29 2009 - 00:00
Consumer confidence dips despite rate cutsDISCOUNTING BY retailers in the January sales created a strong buying climate but most Irish consumers remain deeply fearful …Thu Jan 29 2009 - 00:00
Mainstream given €26m loan for wind farm projectMAINSTREAM RENEWABLE Power has raised €26 million in a loan note for investment in a number of wind farm projects.Thu Jan 29 2009 - 00:00
Value of Irish exports falls in NovemberThe value of Irish exports fell 4 per cent last November to €7 billion while a decline in domestic consumer spending contributed…Thu Jan 29 2009 - 00:00
Mainstream Renewable raises €26m in loan noteMainstream Renewable Power, set up by Eddie O'Connor last February following the sale of Airtricity, has raised €26 million in…Wed Jan 28 2009 - 00:00
No date for new drink- drive limit legislationA ROAD SAFETY group has expressed disappointment that senior members of Government have been unable to give a specific date for…Wed Jan 28 2009 - 00:00
Britvic Ireland's quarterly revenues fall 2.9%Britvic's Irish division, which owns the Ballygowan and Club Orange brands, said the market here deteriorated sharply at the …Wed Jan 28 2009 - 00:00
Sales discounts fail to lift consumer sentimentDiscounting by retailers during the January sales created created a strong buying climate but the majority of Irish consumers…Wed Jan 28 2009 - 00:00
Ireland set to record highest budget deficit in EU - reportIRELAND IS expected to record the highest budget deficit in the European Union as a percentage of its gross domestic product (…Wed Jan 28 2009 - 00:00
Cork-based firm to cut 50 jobs over next yearCork-based pharmaceutical company GE Healthcare is to cut up to 50 jobs over the next 12 months in response to a “plateau in …Tue Jan 27 2009 - 00:00
IN&M expects 10% fall in 2008 operating profitIndependent News & Media (IN&M) said it expects a ten per cent fall in operating profit this year to between €240 million…Mon Jan 26 2009 - 00:00
Ulster Bank job losses may be 'first of thousands'The 750 job losses announced by the Ulster Bank Group this morning may be the first of thousands of losses in the troubled sector…Mon Jan 26 2009 - 00:00
Pfizer to acquire rival Wyeth for $68 billionPfizer is to acquire US rival Wyeth for about $68 billion the two companies have announced.Mon Jan 26 2009 - 00:00
