Smurfit Kappa sales fall as cardboard box sales dip in weakening economyGroup signals confidence in its prospects by increasing interim dividend by 6%Wed Aug 02 2023 - 08:14
PTSB joins rivals in hiking forecasts on rising interest ratesLender is benefitting from takeover of Ulster Bank loansWed Aug 02 2023 - 07:42
CarTrawler backer has ‘no plans to sell’ as firm returns to profitPrivate equity owner TowerBrook Capital ‘very committed’ to business, says travel tech company’s chief executiveWed Aug 02 2023 - 05:00
Bank of Ireland makes profit of more than €1bn in first half of the yearNet interest income surges to €1.8bn as bank gets 3.75% rate on surplus deposits lodged with central bankMon Jul 31 2023 - 07:32
Severe downturn would mean AIB capital dips below euro averageBanks assessed by regulators against adverse scenario of euro zone economy contracting 5.9% over three years to end of 2025Fri Jul 28 2023 - 17:52
Pepper raises rates on most variable mortgages as average hits 7%Latest increase by loan services company does not take into account ECB’s latest hike on ThursdayFri Jul 28 2023 - 12:50
Tracker inquiry hearings into ex-PTSB chief pushed out to next FebruaryHearings pushed back to allow new lawyers to get up to speed on the caseFri Jul 28 2023 - 12:27
Ulster Bank deposits fall to €466m amid ‘big switch’Lender sets aside a provision to deal with potential compensation costs following loss of tracker casesFri Jul 28 2023 - 07:49
AIB ups forecasts as first-half profit soars amid rising ratesLender raises full year net interest income forecastFri Jul 28 2023 - 07:20
Larry Goodman’s examinership bid for Barryroe pitches ‘pivot’ to green energyCompany is running out of cash and had been seeking fresh fundingFri Jul 28 2023 - 06:00
ECB will have ‘open mind’ on whether to hike or pause rates in SeptemberMove to increase its key rates by 0.25 of a percentage point was widely expectedFri Jul 28 2023 - 06:00
Ireland’s top earners: What the CEOs of the country’s biggest companies were paid last yearPay for 19 top executives averaged €2.84 million last yearFri Jul 28 2023 - 05:03
Irish Glass Bottle site developers offer 86 affordable homes to Government but only 25 taken upSite consortium has selected Sisk to build the first phase of the Dublin 4 development, which will include 570 homesThu Jul 27 2023 - 17:33
ECB hikes rates for ninth time in 12 months amid war on inflationHeadline euro zone inflation was running at 5.5% last month, well above the ECB’s 2% targetThu Jul 27 2023 - 13:16
ECB set to hike interest rates to 4.25% with further increases possibleEuropean Central Bank set to increase rates for ninth time in a row on Thursday, taking main rate to 4.25%Thu Jul 27 2023 - 05:00
Bank of Ireland launches two-year deposit offer at 2% rateMove comes ahead of ECB rates decision on Thursday and Bank of Ireland’s interim results next weekWed Jul 26 2023 - 10:28
Greencore’s sales rise with help of ‘meal deals’More than half of sandwiches being bought in supermarkets part of promotion saleTue Jul 25 2023 - 07:48
Permanent TSB rebrands Lombard after completing Ulster Bank loan transfersFacility has €500m of credit agreements out to 18,000 personal, business and commercial customersMon Jul 24 2023 - 11:19
Barryroe adjourns egm after Goodman’s examinership moveHigh Court to hear examinership petition on July 31stMon Jul 24 2023 - 09:48
ICS Mortgages ‘actively considering’ relaxing home loan restrictionsSigns that the international bond markets are stabilising after recent volatilitySat Jul 22 2023 - 06:00
Why dividend yield at Coulson’s Ardagh Metal is safer than market fearsShare price slump of beverage can marker since it floated two years ago leaves its dividend yield at eyewatering 11%Sat Jul 22 2023 - 05:00
Mainstream Renewable seeks to restructure Chilean debt under creditor protectionIrish company took equivalent of €380m impairment charge against assets in Chile amid problems with country’s renewable energy marketFri Jul 21 2023 - 19:55
Larry Goodman petitions for examiner to Barryroe Offshore EnergyOil explorer had been seeking to raise fresh funds from major shareholders before a planned extraordinary general meeting on Monday aimed at putting the company into liquidationFri Jul 21 2023 - 19:22
Pessimism mounts over Barryroe as liquidation vote loomsNo coordinated discussions taking place between major shareholders to provide fresh funding for companyFri Jul 21 2023 - 05:00
Avant Money’s mortgage growth slows amid slump in switchingSpanish-owned lender’s mortgage book grew by 92% year-on-year in the second quarterThu Jul 20 2023 - 15:07
Kingspan shareholders overwelmingly back plan to delist from London stock exchange Large Irish firms reviewing where their shares are traded, with CRH set to move its main listing to New York, while Paddy Power owner Flutter got backing to add Wall Street listingThu Jul 20 2023 - 12:30
Austria’s Bawag bank confirms plan to offer Irish mortgages through MoCoBanking group to rely on its existing Austrian licence to extend loans into the RepublicThu Jul 20 2023 - 06:15
Trust in banks remains negative but improving, survey showsIrish banking sector scores minus 15 in public survey carried out this year, up from minus 25 a year agoMon Jul 17 2023 - 05:00
Talk of Kerry Group dairy unit sale resurfaces as food giant battles US sales weaknessThe path to divestment of the legacy business is unlikely to be smooth howeverFri Jul 14 2023 - 16:30
‘I don’t believe in hierarchy, I believe in competence’- Aryzta turnaround chief Urs JordiSwiss baker believes Irish-created multinational made the mistake of getting bogged down in financial engineering, not customer taste and product innovationFri Jul 14 2023 - 07:32
Aryzta to consider return to dividends from 2025, chairman saysFood business to look at bolt-on deals likely to emerge from industry consolidation in Europe, chairman and interim chief executive Urs Jordi saysFri Jul 14 2023 - 04:19
Legal costs make up 41% of litigated public and employers’ liability injury settlementsCentral Bank figures show the total cost of settling the average litigated public liability case in the first half of last year was €70,744Thu Jul 13 2023 - 11:20
Nama sold loans to debtors’ relative at 97.5% discount after ‘intimidation’Board concluded deal ‘represented a better financial outcome than was available from alternative options’, agency spokesman saysWed Jul 12 2023 - 15:32
Banks double business loan interest rates over past year Mortgage rates for new loans now average 3.84%, ahead of 3.7% average across EU lendersWed Jul 12 2023 - 13:06
Irish dealmaking holds up better than large global M&AResilient domestic economy, strong valuations in parts of tech sector and insurance broker sector consolidation support deal traffic, Davy findsWed Jul 12 2023 - 05:00
Incoming EU rules will double plastic packaging by 2040, Smurfit Kappa warnsPlanned mandatory packaging reuse targets favour plastic over cardboard, paper packaging industry claimsMon Jul 10 2023 - 05:00
Mortgage-to-rent reboot promised after months of limboGovernment says it is looking for suppliers that can deliver ‘at scale’ as its actions slow number of deals sharply in first half of 2023Mon Jul 10 2023 - 05:00
Asking prices for homes rise as property market ‘stabilising’, MyHome.ie report saysEasing of mortgage borrowing rules for first-time buyers and ongoing Government supports are underpinning prices, says MyHome.ie reportMon Jul 10 2023 - 05:00
EY settled case over Anglo Irish Bank audit for more than €10mBig Four accountant was sued over audits that failed to uncover Seán FitzPatrick’s bed and breakfasting of up to €122m in personal loansMon Jul 10 2023 - 05:00
Danone sells 38% Glenisk stake back to Cleary familySeen & Heard: Regulator blocks Eir price cut; Covid tax debts; IDA warns of EU rivals; and fears of ‘Celtic Tiger’ spendingSun Jul 09 2023 - 11:41
NTMA spends €37bn mopping up legacy of notorious IBRC promissory notes State keen to close the door on the last of the debt used to prop up Anglo Irish Bank and Irish Nationwide whose failure triggered the financial crisisFri Jul 07 2023 - 15:32
European shares slide to 14-week low amid fresh hike fearsGlobal jitters over impact on household finances of hawkish tone of latest Federal Reserve minutesThu Jul 06 2023 - 18:21
Irish banks’ planned Synch money-transfer app delayed further by Central Bank moveRegulator says it must authorise the payments serviceThu Jul 06 2023 - 18:04
AIB on track to return €2.1bn to shareholders over three years, BofA saysProfits surging as bank pays average of 0.03% on most household deposits, even as ECB paying lender 3.5% for funds deposited with itThu Jul 06 2023 - 17:51
Government to bring RTÉ under NTMA’s NewEra unitBroadcaster will be subject to greater financial and commercial advice and oversight following pay scandal revelationsWed Jul 05 2023 - 11:10
NTMA says Government debt could fall below €200bn by end of decadeDebt fell by €11bn last year for the first time since 2014, the year after Ireland exited its post-financial crash bailoutWed Jul 05 2023 - 10:00
South Africa’s Outsurance commits initial capital to Irish start-upGroup expects to invest €100m as it looks for sustainable share of motor business over next five or six yearsWed Jul 05 2023 - 05:00
Bank of Ireland names Susan Russell as CEO of Irish retail divisionRussell will also become a member of the bank’s executive committeeTue Jul 04 2023 - 15:06
Boost in home sales drives Cairn Homes operating profit as high as €110mHomebuilder said that while inflation will add €10,000 to the cost of each new home completed this year, sales prices were ‘relatively flat’Tue Jul 04 2023 - 07:32
Barryroe disputes that Ryan’s officials ‘engaged extensively’ on oil fieldDepartment of the Environment has previously noted that ‘extensive engagement’ occurred ‘over several years’Tue Jul 04 2023 - 05:34
