Category: Syndicated

The State must refinance €52bn in debt by 2020 – more than the entire national debt before the financial crash, the head of the National Treasury Management Agency (NTMA) has said. The interest bill is trending towards €6bn, and could go even lower depending on where the low interest rate environment goes, Conor O’Kelly said […]

WHATEVER happened to the misery index? Once upon a time a combination of inflation, unemployment and growth seemed to provide a reliable indicator of a government’s popularity. Not any more, it would seem. The Irish misery index must be near all-time lows but the Government is floundering, both in the polls and in its activities. […]

Irish agri group Origin Enterprises has acquired assets from UK-based Bunn Fertiliser in a deal expected to cost around £18.2m (€21m). Bunn is a provider of prescription fertiliser and nutrition-management systems to the farming sector. The company recorded turnover of £127m last year, but its earnings before interest and tax were just £2.8m. Origin said […]

Builders merchanting group Grafton has ditched its outlets in Poland but remains interested in expanding its geographic footprint in Europe, according to chief executive Gavin Slark. The group is also opening three more ‘Chadwicks Express’ outlets in Ireland this year, a move designed to take advantage of the gradual increase in housebuilding around the capital. […]

State owned Permanent TSB said it will look at potentially selling off customer mortgages that are in deep arrears during 2017. At the end of 2016 PTSB had soured loans of €5.9bn including mortgages in arrears, the bank said today. Around 65pc of those problem home loan customers have agreed a debt restructuring deal with […]

Consumer confidence in Ireland dropped slightly in February but remains broadly positive, according to a new survey. The latest KBC Bank Ireland/ESRI Consumer Sentiment survey found that although the country faces a number of external uncertainties, fears of a downturn have not yet translated into reality for Irish consumers. The index declined to 100.7 in […]

Ardagh Group has fired the formal starting gun on an up to $373m (€352m) stock market listing in New York. In a statement last night, the Irish-founded global packaging giant said it had begun its initial public offering (IPO) in New York. Papers filed with the New York Stock Exchange show the glass and metal […]

Rural towns and villages are set for a massive blow as large-scale closures of post offices and bank branches are on the cards. A report for the Government on the future of post offices has recommended the closure of 80 post offices, mainly in rural areas. Meanwhile, Ulster Bank is planning to shut down up […]

Theresa May is a “damned bad” prime minister for business because she’s taking her country out of the single market and turning talent away from the UK, Ibec director general Danny Mc Coy has said. This, however, could provide a competitive advantage to Ireland, he added. Ms May, pictured, has also warned the European Union […]

State-owned AIB has increased its share of the mortgage market at the expense of rivals Bank of Ireland, KBC and Permanent TSB. The lender is gaining from having some of the lowest variable rates, and by having the Haven broker channel. The bank, which is due to sell a chunk of its shares in the […]