Torrid times mean DCC will now keep its powder dryANALYSIS: DCC HAS determined after a strategic review not to restructure the diversified business built up over decades by company…Wed May 20 2009 - 01:00
DCC warns earnings may fall 10%INDUSTRIAL HOLDING company DCC has warned that the combined forces of “exceptionally difficult” economic conditions and sterling…Wed May 20 2009 - 01:00
Burrows confirms he will leave jobGOVERNOR'S RESIGNATION: BANK OF Ireland governor Richard Burrows confirmed his resignation yesterday, which means 10 of the …Wed May 20 2009 - 01:00
Irish Stock Exchange silent on collapsed listed hedge fundTHE IRISH Stock Exchange (ISE) has declined to say whether it is investigating or has investigated the affairs of a collapsed…Tue May 19 2009 - 01:00
IN&M shares fall as reprieve granted on bondSHARES IN Independent News & Media (IN&M) lost ground in a rising market after the firm won a 40-day reprieve from the…Tue May 19 2009 - 01:00
INM in final discussions on 'standstill' pact over repayment of €200m bondINDEPENDENT NEWS & Media (INM) enters final discussions this morning on the parameters of a “standstill” pact with bondholders…Mon May 18 2009 - 01:00
High-fliers of the Celtic Tiger are brought down to earthFEET BACK on the groundSat May 16 2009 - 01:00
INM on cusp of debt reorganisation pact with bondholdersINDEPENDENT NEWS & Media (INM) is on the cusp of a “standstill” pact with its bondholders, which would give the company breathing…Sat May 16 2009 - 01:00
Profits at AIB Polish arm slip almost 54%THE POLISH arm of Allied Irish Banks (AIB), which is to be sold off as the bank seeks to bolster its capital base, has reported…Fri May 15 2009 - 01:00
AIB shares sink on bad debt alert ahead of agmTHE BOARD of Allied Irish Banks (AIB) stands for re-election before its beleaguered shareholders today amid renewed pressure …Wed May 13 2009 - 01:00
S&P cuts rating of Eircom parent firmsRATING AGENCY Standard & Poors (S&P) has downgraded the parent companies behind Eircom, arguing that their high debt …Tue May 12 2009 - 01:00
AIB goes from bad to worse, but worst may be yet to comeANALYSIS: A WRENCHING deterioration in AIB’s business is laid bare in a new update from the bank’s management, one of the final…Tue May 12 2009 - 01:00
AIB says it faces €4.3bn charge over bad debtsALLIED IRISH Banks has warned that acute pressure on borrowers will lead it to take a €4Tue May 12 2009 - 01:00
Smurfit sees 67% fall in first-quarter profitsPACKAGING FIRM Smurfit Kappa has cancelled its full-year forecast after a 67 per cent drop in pretax profit in the opening three…Sat May 9 2009 - 01:00
Bondholders in IN&M set to hire adviserBONDHOLDERS IN Independent News & Media (IN&M) are working towards a common stance in their dialogue with the firm over…Sat May 9 2009 - 01:00
Anglo in talks on getting waiver from rulesTHE GOVERNMENT and the Financial Regulator are exploring with Anglo Irish Bank the possibility of granting the nationalised institution…Fri May 8 2009 - 01:00
Write-off on intellectual property profitMULTINATIONALS: THE IRISH units of US and other multinationals will be able to write off the cost of acquiring intellectual …Fri May 8 2009 - 01:00
Investors want say on pay of Irish firms' top executivesFIVE LARGE companies listed on the Irish Stock Exchange (ISE) are coming under pressure to justify to shareholders the salaries…Thu May 7 2009 - 01:00
Reforms a threat to investment in IrelandANALYSIS: The president plans not only to increase US tax take but to encourage domestic job creationWed May 6 2009 - 01:00
O'Reilly says IN&M is no longer looking for buyer for Australian unitGAVIN O’REILLY, the incoming chief of Independent News & Media (IN&M), has said the company is no longer trying to sell…Wed May 6 2009 - 01:00
Government pressure on AIB to pick outsider to head bankALLIED IRISH Banks (AIB) is facing pressure from the Government to recruit an external successor to departing chief executive…Sat May 2 2009 - 01:00
IN&M seeks 'standstill agreement' from holders of €200m bondINDEPENDENT NEWS & Media (IN&M) is seeking a “standstill agreement” from the holders of a €200 million bond due this …Fri May 1 2009 - 01:00
Coillte likely to cut jobs after warning of fall in profits this yearSTATE-OWNED forestry company Coillte is likely to cut jobs from its workforce of 1,200 after warning the Government that it will…Thu Apr 30 2009 - 01:00
Banks still making loans harder to get despite public promise - Central BankA NEW Central Bank survey shows that Irish banks continued to tighten their lending standards in the opening months of the year…Thu Apr 30 2009 - 01:00
Top AIB bankers brace for reorganisation of core retail sectorSENIOR BANKERS in AIB are bracing themselves for a reorganisation of its core retail operation after the arrival next week of…Sat Apr 25 2009 - 01:00
Eircom seeks advice to break from private equity ownershipEIRCOM IS hiring corporate finance advisers to develop a plan to take the heavily-indebted business out of private equity ownership…Sat Apr 25 2009 - 01:00
The complete packageTHE FRIDAY INTERVIEW/Michael Smurfit: TWO YEARS into his retirement, Michael Smurfit watches the rampant disruption in the business…Fri Apr 24 2009 - 01:00
Blarney Woollen Mills upbeat despite audit concernsTHE BLARNEY Woollen Mills group, owner of some of the best-known indigenous brands in Irish retailing, has insisted its business…Fri Apr 24 2009 - 01:00
Topfer threatens to withdraw BCM bidAUSTRALIAN FINANCIER Rob Topfer has threatened to withdraw his unsolicited approach for Eircom parent Babcock Brown Capital (…Fri Apr 24 2009 - 01:00
Fresh State capital likely to be required for AngloINTERIM RESULTS from the nationalised Anglo Irish Bank are expected to show a requirement for significant new capital from the…Thu Apr 23 2009 - 01:00
Babcock rejects Eircom offerEIRCOM OWNER Babcock & Brown Capital (BCM) has brushed off an unsolicited takeover approach for the telco from its former…Wed Apr 22 2009 - 01:00
Independent under pressure to strike deal on €200m loanINDEPENDENT NEWS Media (INM) is racing to strike a difficult deal with bondholders on the refinancing of a €200 million note …Wed Apr 22 2009 - 01:00
IN&M postpones publishing results for second timeINDEPENDENT NEWS & Media (IN&M) has postponed for a second time in two months the publication of its annual results for…Tue Apr 21 2009 - 01:00
More pressure for Eircom as Moody's talks of downgradeALREADY BATTLING an unwelcome takeover approach from its former management, Eircom came under further pressure yesterday when…Tue Apr 21 2009 - 01:00
Xilinx paid parent dividend of €1.36bn over decadeTHE MAIN Irish unit of US semiconductor company Xilinx, which is making more than a quarter of its 400 staff in Dublin redundant…Sat Apr 18 2009 - 01:00
BoI exposed in US $29.5bn bankruptcyBANK OF Ireland’s American unit has emerged as a lender to insolvent shopping mall owner General Growth Properties (GGP), which…Fri Apr 17 2009 - 01:00
Upbeat Quinn expects to fly in face of recessionINSURANCE MAGNATE Seán Quinn has forecast that the sharpening economic contraction will scarcely dent the profitability of his…Wed Apr 15 2009 - 01:00
Bank officials seek role in Nama debateTHE IRISH Bank Officials’ Association (IBOA) wants a place at the table as the Government negotiates the parameters of the National…Fri Apr 10 2009 - 01:00
Government set to take majority share in banks Loans of up to €90bn moved into new body+ASSET AGENCY: MINISTER FOR Finance Brian Lenihan has opened the door for the Government to take majority shareholdings in Ireland…Thu Apr 9 2009 - 01:00
Former Eircom director initiates legal actionTHE LAST of the top-level executives drafted into Eircom after its acquisition by Sydney-based investment bank Babcock Brown …Thu Apr 9 2009 - 01:00
Central Bank faces uphill task to restore credibilityANALYSIS : Restoring the Central Bank’s primacy in bank oversight acknowledges past failuresThu Apr 9 2009 - 01:00
Share price crash hits executive pay at Smurfit KappaTHE THREE executive directors at packaging company Smurfit Kappa saw their bonuses curtailed but not eliminated last year as …Wed Apr 8 2009 - 01:00
Minister to provide fund of €100m to help exportersBUSINESS SUPPORTS: MINISTER FOR Finance Brian Lenihan will provide a total of €100 million in a new “enterprise stabilisation…Wed Apr 8 2009 - 01:00
Irish-German bond differential steadyCAPITAL MARKETS: THE DIFFERENCE between yields on Irish Government bonds and German bonds held steady as Minister for Finance…Wed Apr 8 2009 - 01:00
Major challenges facing the new Aer Lingus chief executiveANALYSIS: Another chief exits the flight deck at Aer Lingus, as the airline continues its freefallTue Apr 7 2009 - 01:00
Aer Lingus may be without CEO for up to six monthsAER LINGUS could be without a permanent successor to departing chief executive Dermot Mannion for as long as six months as the…Tue Apr 7 2009 - 01:00
Yet another Irish titan brought to heelANALYSIS: One of the biggest players in the development world is now considering filing for bankruptcy, writes ARTHUR BEESLEY…Tue Mar 17 2009 - 00:00
Broadcasting regulator likely to review O'Brien licencesTHE NATIONAL and local radio licences held by Denis O’Brien’s Communicorp group are likely to be reviewed by broacasting regulators…Sat Mar 14 2009 - 00:00
EMPG cancels sale of books unitBARRY O’CALLAGHAN’S heavily-indebted Education Media Publishing Group (EMPG) has cancelled the sale of its consumer books unit…Sat Mar 14 2009 - 00:00