Ireland

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Irish Drinks Company C&C Buys Conviviality’s Wholesale Business

Irish drinks company C&C has bought the wholesale business of Conviviality, after the ailing alcoholic drinks retailer and supplier appointed administrators on Wednesday, the Financial Times reported. Following “advanced discussions” with Convivi ...

Daily Headline - global.abi.org - 04/04/2018 - 23:50 - 0 comments

Central Bank Warns of PCP Threat to Banking System as Debts Rise

The Central Bank has warned of the “increased indebtedness” of consumers who sign PCPs, as well as the banking system’s exposure to the car market with the controversial scheme now the go-to source for finance in the Irish market, the Irish Times rep ...

Daily Headline - global.abi.org - 03/29/2018 - 00:35 - 0 comments

Ryanair Buys 75% of Niki Lauda’s Airline

Ryanair has agreed to buy a majority stake in the airline founded by Niki Lauda — two months after the former Formula One champion scuppered an attempt by British Airways’ owner IAG to snap it up, the Financial Times reported. The Irish carrier will ...

Daily Headline - global.abi.org - 03/20/2018 - 22:41 - 0 comments

Revenue Settles Tax Default Cases Worth €10 Million

The Revenue Commissioners settled more than 60 cases of tax defaulting totalling more than €10 million during the final quarter of last year, the Irish Times reported. Settlements in 26 of the cases, involving sums of €4,923,453 remains outstanding, ...

Daily Headline - global.abi.org - 03/13/2018 - 23:07 - 0 comments

Former INBS Credit Administrator Denies Blame Over Loans Reporting

The failure to put some problem loans before a committee set up to deal with the issue was a failing of Irish Nationwide Building Society (INBS), its former credit administrator Frank Casey has conceded, the Irish Times reported. Under cross-examinat ...

Daily Headline - global.abi.org - 03/11/2018 - 22:24 - 0 comments

INBS Did Not Have Enough Staff In Credit Risk, Inquiry Told

Staff levels in Irish Nationwide Building Society’s credit risk function were inadequate, an inquiry into alleged regulatory breaches at the building society before the financial crisis has been told, the Irish Times reported. Giving evidence to the ...

Daily Headline - global.abi.org - 03/08/2018 - 00:40 - 0 comments

Liquidator Appointed To Telecoms Operator iD Mobile

Dixon’s Carphone is winding up its telecoms operator, iD Mobile, after the business failed to attract enough customers to be viable, the Irish Times reported. The Carphone Warehouse owner established ID in 2015 to facilitate competition in the wake o ...

Daily Headline - global.abi.org - 03/07/2018 - 00:07 - 0 comments

‘Hysteria’ Around €3.7 Billion Loan Sale from PTSB Criticised

A significant degree of hysteria is being whipped up in relation to vulture funds and the sale of loans by Permanent TSB, according to the head of an organisation that assists people in mortgage distress. Founder of New Beginnings Ross Maguire SC said if ...

Daily Headline - global.abi.org - 02/27/2018 - 00:52 - 0 comments

Galway Couple Overcharged by €1.23 Million in Tracker Scandal

A Co Galway couple were overcharged €1.23 million by KBC Bank Ireland after they were incorrectly moved to higher interest-rate mortgages on their properties instead of a tracker rate. It is the biggest single case of overcharging by a bank to emerge in ...

Daily Headline - global.abi.org - 02/27/2018 - 00:55 - 0 comments

Fees From Spencer Dock Receivership Total €15.5 Million

The costs of the receivership for Treasury Holdings' main Spencer Dock firm now total over €15.5m, Independent.ie reported. That is according to the latest receivers' extract lodged with the Companies Office for the former Johnny Ronan company. ...

Daily Headline - global.abi.org - 02/23/2018 - 01:11 - 0 comments

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