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Business News

Banks ordered to bring in ‘ambitious’ bad loan plans

21st March 2017

The European Central Bank (ECB) has said it expects banks with high levels of unpaid loans to submit “ambitious and realistic” plans to bring them down, as it published guidelines on non-performing loans (NPLs). The project to address high levels of NPLs is being spearheaded by the deputy governor of the Irish Central Bank, Sharon […]

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S&P: Irish banks ‘largely recovered’ from the crash

21st March 2017

Irish banks are “largely recovered” from the crash, ratings agency Standard & Poor’s said yesterday. However, “scope for profit growth” may be limited because provisions that were made against bad loans during the financial crisis have already been released, and there is now less of that money to come. Irish banks’ capital and liquidity positions […]

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Tallaght mixed-use investment at €1m offers 9.76pc return

20th March 2017

Agents Knight Frank are seeking offers in excess of €1m exclusive for a mixed-use commercial investment in the south Dublin suburb of Tallaght. The Village Square, Tallaght, is fully let and comprises two separate blocks of retail and office units. Knight Frank are offering a portfolio of multiple commercial units comprising two retail units and […]

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Deutsche Bank in €8bn rights issue

20th March 2017

Deutsche Bank said it will raise €8bn in a planned capital increase as the lender seeks to shore up its finances. The German bank will issue 687.5 million new shares at €11.65 each, Deutsche Bank said in a statement yesterday in Frankfurt. That is a discount of about 35pc compared to Friday’s close. The underwriting […]

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Becoming a self-employed contractor can be lucrative and fulfilling – but you’ll need plenty of hard work and discipline

20th March 2017

For the disillusioned professional fed up with the 9-6 grind, navigating office politics or managing thankless workloads, ditching the commute and striking out alone as a self-employed contractor, whatever the field, is an exciting prospect. While not a new phenomenon, this trend is becoming particularly apparent across industries such as banking and finance, construction, technology […]

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Lender Dilosk snaps up performing loan portfolio valued around €60m

16th March 2017

Specialist lender Dilosk has swooped on a portfolio of performing loans in a move aimed at increasing the fledgling firm’s toehold in the market. It is understood the mortgages are worth close to €60m, with sources pointing to Australian financial services outfit, Pepper Group, as the most likely seller. The Sydney-based company declined to comment. […]

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Canary Wharf Group weighing up sale in ‘Walkie Talkie’ building

16th March 2017

Canary Wharf Group is mulling a sale of its stake in one of the City of London’s most recognisable buildings, according to reports. The company is seeking agents to market its 50pc stake in 20 Fenchurch Street, known as the Walkie Talkie, for around £600m(€686m). Canary Wharf Group manages its half of the building on […]

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Coulson’s Ardagh will eye further acquisitions

16th March 2017

An ebullient Paul Coulson has insisted that the Ardagh packaging giant he helped to create is only halfway through what he described as a “phenomenal adventure” following its New York Stock Exchange flotation yesterday that valued the group at about $5.2bn (€4.88bn) after its shares surged 18pc. The executive chairman of the company, Mr Coulson […]

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Reform how bosses’ pay is decided, say unions

15th March 2017

Trade unions have called for major reform of how the pay of executives is set in quoted companies and semi-states. The Irish Congress of Trade Unions wants more transparency around how the remuneration of top bosses is arrived at, a limit on bonuses and a higher rate of tax for those earning more than €1m […]

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