News

Specialist lender Dilosk has swooped on a portfolio of performing loans in a move aimed at increasing the fledgling firm’s toehold in the market. It is understood the mortgages are worth close to €60m, with sources pointing to Australian financial services outfit, Pepper Group, as the most likely seller. The Sydney-based company declined to comment. […]

Canary Wharf Group is mulling a sale of its stake in one of the City of London’s most recognisable buildings, according to reports. The company is seeking agents to market its 50pc stake in 20 Fenchurch Street, known as the Walkie Talkie, for around £600m(€686m). Canary Wharf Group manages its half of the building on […]

An ebullient Paul Coulson has insisted that the Ardagh packaging giant he helped to create is only halfway through what he described as a “phenomenal adventure” following its New York Stock Exchange flotation yesterday that valued the group at about $5.2bn (€4.88bn) after its shares surged 18pc. The executive chairman of the company, Mr Coulson […]

Trade unions have called for major reform of how the pay of executives is set in quoted companies and semi-states. The Irish Congress of Trade Unions wants more transparency around how the remuneration of top bosses is arrived at, a limit on bonuses and a higher rate of tax for those earning more than €1m […]

DUBLIN is ahead of London, but lagging well behind other developed cities as an attractive posting for expats. The Irish capital has ranked as just the 34th best place to live, according to Mercer’s Quality of Living review. Dublin’s ranking is ahead of London and Paris, but far behind a number of comparable EU cities, […]

Ireland fears some rival countries are using lower regulatory standards to lure financial jobs moving as a result of Brexit. Financial Services Minister Eoghan Murphy raised the concerns at a meeting with European Commission vice-president Valdis Dombrovskis, the Department of Finance confirmed last night. Its understood the single banking regime in place across the EU […]

A new report from Savills on Ireland’s property investment market has revealed that 1.1 million sq m (11.84 million sq ft) of modern office space has changed hands in Dublin since the beginning of 2013 – equivalent to one-third of Dublin’s entire office stock. The figure for the city’s Central Business District (CBD) is even […]

NEW mortgage lending has exceeded the amount of money being paid off existing home loans for the first time in seven years. Lending for house purchases rose by a net €27m in the last three months of last year. It was the first net increase in mortgage lending since the end of 2009. Over the […]

Ireland looks set to remain the best-performing economy in the eurozone for a fourth year in a row, despite escalating fears over Brexit. The fresh outburst of optimism follows a survey of economists by Bloomberg, which showed the consensus growth rate for 2017 has risen to 3.5pc from an earlier prediction of 3.1pc. The continued […]

Iceland’s finance ministry said yesterday that in the coming week it would lift the remaining capital controls that have been in place since the financial crisis in 2008, easing restrictions on households and businesses. “The removal of the capital controls, which stabilised the currency and economy during the country’s unprecedented financial crash, represents the completion […]