Iseq 20 companies slow at appointing women to top executive roles, boardroom survey finds Women hold just 13% of all executive board positions in Iseq 20 firms, while number of women non-executive director roles is on the increaseMon Dec 04 2023 - 05:30
Pat Cooney-led Boann Distillery secures €5m AIB loan to expand plantsCompany plans complete a visitor centre at its site on the Platin Road in DroghedaMon Dec 04 2023 - 05:00
Greencore rally brought to a halt by sushi slump and rising wagesShares in the group slid by as much as 9% this week as investors digested resultsSat Dec 02 2023 - 06:11
Davy chief Bernard Byrne: ‘The Davy of today is different to that of 2021’Byrne talks about his difficult time with AIB, dealing with the Anglo bond sale scandal at Davy, and the future of the stockbroking firm after he departsFri Dec 01 2023 - 05:49
Energy trader ElectroRoute slips into loss amid price volatilityEnergy trader grappling with volatile power marketsFri Dec 01 2023 - 00:01
European shares hit two-month high on hopes of future rate cutsSlowdown inflation spurs sentiment that interest rates may soon start to fallThu Nov 30 2023 - 18:19
PTSB hikes 40-day notice deposit account rateIrish lenders have come under growing pressure to pass on a portion of ECB rate hikes to saversThu Nov 30 2023 - 16:28
Central Bank fines fund €192,500 for failing to report financial contractsGlobalReach Multi-Strategy Icav sanction is first monetary penalty regulator has imposed on an investment fundThu Nov 30 2023 - 14:57
Digicel bondholders line up former Nokia chief as Denis O’Brien loses controlO’Brien will see his stake decline to 10% as consortium takes control of mobile businessWed Nov 29 2023 - 15:21
Applegreen racks up €128.5m losses in first 22 months after take-privateForecourt retailers financing costs jump to €141.6 millionWed Nov 29 2023 - 06:00
Bernard Byrne to step down from Davy in 2024 after five yearsFormer AIB chief executive joined Davy in early 2019 and took over the running of the firm in March 2021 as senior figures exited in the wake of a Central Bank fineTue Nov 28 2023 - 13:05
European shares start week lower as healthcare stocks dragIrish market pulled down by heavyweight firmsMon Nov 27 2023 - 17:49
Ulster Bank prepares for €477m ‘offset mortgages’ sale by changing loan termsAffected customers will receive an average goodwill payment of €12,650, equating to double the expected future benefit of the offset facilityMon Nov 27 2023 - 15:00
Molton Ventures to buy smaller UK peer Forward PartnersCompany raises £55 million in share saleMon Nov 27 2023 - 11:51
Aryzta shares drop from five-year highs as sales growth easesOrganic revenue growth slips to an annual rate of 6.5 per centMon Nov 27 2023 - 10:51
Banks’ instant payment app was doomed when Revolut became a verb in IrelandMainstream banks’ payments systems have been among the most neglected areas for investment and development for decadesSat Nov 18 2023 - 06:01
Austrian-owned MoCo starts ‘soft launch’ of Irish mortgagesStart-up’s executive team at MoCo is led by former AIB executive Aidan SherryFri Nov 17 2023 - 12:19
Humphreys to start search for firm to run €150m pension auto-enrolment scheme ‘within weeks’Tata Consultancy Services, FNZ Group and Accenture said to be among firms preparing to bid for the 10-year contractFri Nov 17 2023 - 06:00
Pensions auto-enrolment: The huge pensions shake-up that 70% of us don’t know aboutFirst proposed in 2006, auto-enrolment of workers is slated to start in the second half of next year, after years of delays and false dawnsFri Nov 17 2023 - 05:22
Irish banks abandon Revolut rival plan after series of delaysSynch Payments was backed by AIB, Bank of Ireland and Permanent TSBWed Nov 15 2023 - 12:42
AIB sheds most remaining crisis-era problem loans to Cerberus for €100mSale includes commercial property debt and small-business loans, mostly in arrears or a recovery processWed Nov 15 2023 - 11:01
Mainstream cedes stake in Chile portfolio to lenderDeal forms part of wider restructuring of debt of two companies linked to key solar and wind portfolioTue Nov 14 2023 - 18:18
Bank of Ireland agrees average of 4% pay hike Health insurance contributions of up to €1,400 per year for employee also part of packageTue Nov 14 2023 - 17:00
Tullow shares surge as new Glencore loan facility ‘marks major turning point’€375m provision will be available for 18 monthsMon Nov 13 2023 - 14:34
Melior takes major stake in solar panel and heat pump installer NRG PanelIt is understood Melior's investment in NRG Panel is at the lower end of between €10 million to €30 millionMon Nov 13 2023 - 05:30
Dublin bourse seeks stamp duty relief for market aimed at dual Irish-US listings Move comes as Flutter Entertainment became the latest heavyweight company to signal it is quitting the Irish marketSat Nov 11 2023 - 06:00
Goodbody Stockbrokers made €15.8m loss last year amid ‘unprecedented’ sector woesCEO says results reflect the unprecedented set of challenges faced by investment banks globallySat Nov 11 2023 - 06:00
Mainstream’s stock market IPO off the table amid financial woes in Chile Company founded by Eddie O’Connor has racked up more than €1bn in pretax losses since start of 2022 amid issues in Chilean businessSat Nov 11 2023 - 06:00
Apple tax case may drag on ‘close to 2030’ as court rerun loomsProcess has taken seven years from commission’s 2016 determination to this point and similar timeframe likelyFri Nov 10 2023 - 05:36
Apple ruling: Why does it matter and what are the consequences for Ireland?European Court of Justice advocate general’s findings has sent shockwaves from Dublin to Silicon ValleyThu Nov 09 2023 - 14:10
Apple’s €13bn Irish tax case timeline40-year saga of how a valued foreign investment unravelledThu Nov 09 2023 - 13:00
Apple tax: iPhone maker and Government suffer major setback in €13bn EU caseOpinion of key advisor to European Court of Justice comes months ahead of final ruling on world’s biggest antitrust caseThu Nov 09 2023 - 09:12
Irish director at Aryzta quits amid tensions over dual chairman-CEO roleGordon Hardie resigns from the Swiss-Irish baking group with immediate effectThu Nov 09 2023 - 06:00
Nama profit falls 53% in first half as wind-down continuesState-owned bad bank has transferred €3.5bn of surplus cash to the exchequer to dateWed Nov 08 2023 - 17:50
‘Far, far too early’ to talk about ECB rate cuts, says Central Bank governor Gabriel Makhlouf signals plans to set up regulatory ‘sandbox’ to boost financial innovationWed Nov 08 2023 - 16:47
Key opinion on whether Apple must pay Ireland over €13bn in tax is due tomorrowDecision will give indication whether iPhone maker will have to pay more than €13bn in taxWed Nov 08 2023 - 09:13
Government raises €515m from sale of further 5% stake in AIBMove reduces the State’s holding in AIB to 40.8%Tue Nov 07 2023 - 07:59
IBI plans to double revenue after sale to DC Advisory for more than €25m Sale price is more than double the price paid by management to buy the business in 2017Tue Nov 07 2023 - 07:03
Government moves to sell further 5% stake in AIB, raising close to €500mShare will increase the amount that AIB has paid back of its €20.8 billion rescue to about €13.6 billion, with Government’s remaining stake in bank valued at about €4.3 billionMon Nov 06 2023 - 17:28
Ireland risks ruining the reputation of its financial sector over current approach to SPVsLeaving existing arrangements in place unaltered runs risk of ruining the reputation of Republic’s financial sectorSat Nov 04 2023 - 06:04
Mainstream Renewable to cut almost third of costs after €1.1bn of lossesCompany will focus on pipeline assets with the greatest potential to deliver returns in the near termFri Nov 03 2023 - 05:00
European shares rise as Fed rates hold boosts property and tech stocksMarkets buoyed by suggestion central banks are finished hiking rates for nowThu Nov 02 2023 - 18:09
Wealth of Irish households hits record €1.07 trillionFall in value of housing more than offset by increase in worth of financial investmentsThu Nov 02 2023 - 17:41
ETL Global buys majority of Waterford-based accounting firm in second Irish dealElsewhere, Ifac Group, the farming and agribusiness accountancy firm, bought corporate restructuring and forensic accounting specialists Friel Stafford during the summerThu Nov 02 2023 - 05:28
AIB hikes income forecasts amid slow move by savers to higher rate accountsLender now expects its net interest income to top €3.75bn, €150m higher than its previous guidanceWed Nov 01 2023 - 13:58
Smurfit Kappa sees 2023 earnings topping estimates amid improving box demandPackaging giant sees signs that recent downturn in cardboard box demand and pricing is nearing an endWed Nov 01 2023 - 08:09
McKillen jnr to sell majority hotels stake to British property group and ElliotDeal values Dean Hotel Group’s portfolio of eight hotels, with two more in development, at more than €350 millionTue Oct 31 2023 - 10:45
Margaret Sweeney to step down as Ires chief executive next AprilIres grew sharply under chief executive’s leadership yet shares have fallen sharply in past 18 monthsTue Oct 31 2023 - 08:13
Arachas hires former Bank of Ireland executive as finance chiefBroker names Martin Mohan as CFOMon Oct 30 2023 - 06:00
Kerry and C&C cushion weak updates by waving cash as Irish share buybacks near €4bnJoe Brennan: this year has seen a marked pick-up in such activity by Irish companiesSat Oct 28 2023 - 08:00
