Ireland

Results for Ireland

Petroceltic Investors Wiped Out Under Examinership Scheme

Worldview Capital, the Swiss-Cayman Islands hedge fund that is buying Petroceltic International out of examinership, is gaining full control of the business for a knockdown cash payment of $7.8 million, the Irish Times reported. Creditors of Petrocel ...

Daily Headline - global.abi.org - 05/27/2016 - 01:43 - 0 comments

Debenhams Clashes With Roche Family Over Restructuring

Debenhams, the British retail chain with 11 outlets in Ireland employing 2,200 staff, has become embroiled in a row with the Roche family that once owned Roches Stores, the Irish Times reported. Debenhams bought Roches Stores from the Roche family fo ...

Daily Headline - global.abi.org - 05/27/2016 - 01:45 - 0 comments

High Court Confirms Examiner For Debenhams

The High Court has confirmed the appointment of an examiner to the company operating Debenhams eleven stores here, the Irish Times reported. Debenhams Retail (Ireland) Ltd directly employs 1,400 staff while 500 concession staff and 300 cosmetics staf ...

Daily Headline - global.abi.org - 05/26/2016 - 00:58 - 0 comments

Ulster Bank To Sell €875 Million Of Troubled Mortgages

Ulster Bank is lining up the sale of €875 million of troubled mortgages belonging to uncooperative customers who are deep in arrears and litigation, the Irish Times reported. The mortgages, a third of which are against 900 private dwellings, are part ...

Daily Headline - global.abi.org - 05/26/2016 - 00:58 - 0 comments

Petroceltic Says Worldview To Take Control Of Group

Irish oil producer Petroceltic International Plc said a court examiner had selected its largest shareholder, Worldview Capital Management, to take control of the group. Petroceltic, which received a 3 pence per share offer from Worldview in February, sai ...

Daily Headline - global.abi.org - 05/12/2016 - 20:08 - 0 comments

Interim Examiner Appointed To Debenhams Ireland After Years Of Losses

An interim examiner has been appointed by the High Court to the department store chain, Debenhams Retail (Ireland) Ltd, which operates 11 stores in the Republic, the Irish Times reported. The move affects the jobs of 2,265 people, of whom 1,415 are d ...

Daily Headline - global.abi.org - 05/12/2016 - 20:08 - 0 comments

Noonan Rules Out Seeking More Debt Relief From Europe

Ireland is no longer seeking further debt relief from its European partners, Minister for Finance Michael Noonan has said, as he arrived in Brussels on Monday for a key eurogroup meeting on Greece. While Ireland had been targeting debt relief through dir ...

Daily Headline - global.abi.org - 05/09/2016 - 21:50 - 0 comments

Debt Judgments Registered Against Businesses Up 24%

The number of debt judgments registered against businesses in the Four Courts during the first three months of the year, was up 24 per cent versus the same period in 2015, the Irish Times reported. New figures from the non-profit organisation Registr ...

Daily Headline - global.abi.org - 05/05/2016 - 20:50 - 0 comments

Kenmare Resources In $300 Million Restructuring Plan

Mineral company Kenmare Resources has confirmed a large-scale financial restructuring plan that could involve raising hundreds of millions of dollars at the troubled explorer, the Irish Times reported. The company defaulted on its debts earlier this ...

Daily Headline - global.abi.org - 04/28/2016 - 21:22 - 0 comments

Deutsche Bank To Bid For Nama Properties

Europe’s largest investment bank Deutsche Bank has emerged on the list of bidders this week for one of the National Asset Management Agency’s last big portfolio sales, the Irish Times reported. The Frankfurt-based bank joins a joint offer from Wall S ...

Daily Headline - global.abi.org - 04/24/2016 - 17:23 - 0 comments

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