News

Shares in State-backed Malin hit an all-time low yesterday to leave taxpayers nursing a loss of 30pc on the initial investment. Malin’s shares lost 3.45pc in trading yesterday to close at €7, and at one stage plunged below €7 for the first time to hit €6.60. The State’s Ireland Strategic Investment Fund (ISIF) invested €50m […]

Bank of Ireland will pump an extra €500m into an annual “transformation programme” aimed at improving its business systems and overhauling its software platform as the lender attempts to reduce costs and drive efficiencies over the next three years. The additional cash brings the total investment outlay from 2016-2021 to €1.4bn. According to a much […]

The dollar hovered near 3-week highs on Tuesday and Asian shares gained as US President Donald Trump and North Korean leader Kim Jong Un signed a ‘comprehensive’ deal at a historic summit aimed at the denuclearisation of the Korean peninsula. Trump said the process of denuclearisation would happen “very, very quickly”, adding he had formed […]

Even the world’s most successful investors admit they sometimes get it wrong. In a recent Time Money article, John Bogle, founder and former CEO of the US investment firm, The Vanguard Group, claimed that one of his biggest mistakes was buying individual stocks for about a dozen years in the 50s and 60s, before he […]

The ESB has unveiled plans for a massive 91 megawatt windfarm in Scotland. The State-owned electricity business has formed a partnership with wind developer Coriolis Energy and the companies are working on a number of projects in that country. Renewables trade publication ‘ReNews’ said the ESB has kicked off a scoping process for the farm, […]

Irish shareholders in IPL Plastics have tendered for shares worth up to CAD$33.4m (€21.9m) in a buyback ahead of its Canadian listing later this month. The company, formerly known as One51, announced in April that the listing plan would include a share buy-back of up to CAD$50m, which would give investors a clear exit route. […]

Greencore, the Dublin-based food group and the world’s largest sandwich maker, is searching for a new chief executive for its US operations as speculation persists about potential takeover interest in the company. Sources said Greencore will announce the appointment before the end of the year. News of the latest shake-up comes amid rumours the group […]

The scale of the rental trap facing hard-pressed families is revealed in a new report showing that the vast majority of people do not wish to be tenants. Fewer than a third of tenants rent their homes by choice, according to Threshold’s report, which was released ahead of an event to mark the national housing […]

Yahoo has escaped a fine from the Irish Data Protection Commissioner after the watchdog found against it for a giant email data breach that affected 500 million Yahoo email users. Instead, the tech giant has been ordered to change its data security and processing systems, on pain of court enforcement. The breach occurred in 2014 […]

Thousands of pensioners will get an early opportunity to unlock money in retirement funds they have been unable to access up to now. Car dealers and travel agents are expected to be the big winners after rules restricting access to a certain type of pension fund were loosened. The move comes after Revenue agreed that […]