Ireland

Results for Ireland

McKillen’s US Action Over ‘Maple 10’ Loan Should be Fought in Ireland

The liquidators of the former Anglo Irish Bank claim a US legal action by businessman Paddy McKillen over his “Maple 10” loan is an attempt to frustrate their work. Kieran Wallace and Eamonn Richardson, the liquidators of Irish Bank Resolution Corporatio ...

Daily Headline - global.abi.org - 09/18/2018 - 21:54 - 0 comments

Ten Years On: Countdown to the Irish Financial Crash

Ten years on from the financial tumult that led to the government of the day having to guarantee the viability of the State’s banks in an historic and unprecedented move, we look at the events of September 2008. Each day this month, we will recall some o ...

Daily Headline - global.abi.org - 09/05/2018 - 22:37 - 0 comments

Court Halts Liquidation of Aviation Company Linked to Controversial Russian Businessman

The High Court has granted a temporary injunction preventing an Irish registered aviation company linked to a controversial Russian businessman from going into voluntary liquidation, The Irish Times reported. Mr Justice Michael Quinn made an interim ...

Daily Headline - global.abi.org - 08/30/2018 - 01:04 - 0 comments

Family-Owned Builders Providers Boosts Profits to €7.8 Million

The company behind the McMahon’s Builders Providers chain recorded an 83 per cent increase in profit last year as trading rebounded in tandem with the growth in the Republic’s construction sector. Recently filed accounts for Derevoya Holdings Limited sho ...

Daily Headline - global.abi.org - 08/29/2018 - 00:39 - 0 comments

Irish Family’s Deal to Buy Poundworld from UK Administrators Collapses

A proposed deal for an Irish business family to buy discount retailer Poundworld out of administration in the United Kingdom has collapsed in acrimony, The Irish Times reported. Deloitte, administrators to the chain in the UK, said that the Dublin-ba ...

Daily Headline - global.abi.org - 08/27/2018 - 00:49 - 0 comments

Smurfit Kappa Fights Back as Venezuela Seizes Unit Temporarily

Smurfit Kappa has defended itself after the Venezuelan government took temporary control of the Irish cardboard boxmaker’s subsidiary in the South American country, which is in economic freefall and recording hyperinflation, The Irish Times reported. ...

Daily Headline - global.abi.org - 08/23/2018 - 22:55 - 0 comments

Ireland’s Banking Sector Steps Up Drive to Sell Soured Loans

Ireland’s banks have intensified a drive to offload soured loans from the financial crisis as regulators increase pressure on the sector to accelerate the repairing of balance sheets still burdened by bad lending practices before the crash, the Financi ...

Daily Headline - global.abi.org - 08/22/2018 - 23:28 - 0 comments

Bank of Ireland to Sell First Set of ‘Bail-inable’ Senior Bonds

Bank of Ireland is preparing to sell a first batch of senior bonds through its holding company, which was set up last year under new European rules aimed at minimising taxpayer bailouts in the event of a future crisis, The Irish Times reported. The b ...

Daily Headline - global.abi.org - 08/21/2018 - 22:16 - 0 comments

Ulster Bank Criticised for Selling €1.4 Billion of Distressed Home Loans to Cerberus

Opposition politicians and consumer advocates have criticised Ulster Bank for agreeing to sell a €1.4 billion portfolio of distressed Irish home loans to the US investment giant, Cerberus Capital Management. The portfolio, known as Project Scariff, inclu ...

Daily Headline - global.abi.org - 08/13/2018 - 23:03 - 0 comments

Aryzta Looking for Dough as Bakery Business Falls Flat

There’ll likely be no cake to celebrate the 10th birthday this month of Irish-Swiss baker Aryzta. It is probably looking to raise some dough. In the week following July 31st, the end of its financial year, about €200 million was wiped off its value, Th ...

Daily Headline - global.abi.org - 08/12/2018 - 22:08 - 0 comments

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