Business News

The Government is considering roping in a handful of blue-chip investors to anchor AIB’s shareholder base when it sells €3bn of shares in the bank this summer. But any move to restrict smaller hedge funds and opportunist investors from piling into the deal could mean a lower price for the State when it sells the […]

ACCOUNTANT Patrick Burke has strongly disputed claims by publican Frank Gleeson related to a dispute over the merger of the Mercantile/Capital chains of well-known Dublin pubs, hotels and restaurants. Mr Burke was responding after Mr Gleeson claimed that he had behaved unethically and unprofessionally. In reply, Mr Burke said Mr Gleeson made the claim because […]

Low levels of infrastructure development in regional areas will “fundamentally undermine” Ireland’s economic performance in the next decade, the Construction Industry Federation (CIF) has claimed. CIF president Dominic Doheny said a lack of strategic planning and the impact of demographic trends has resulted in Dublin becoming the focal point for economic growth in Ireland. The […]

High personal tax rates are holding back the establishment and growth of businesses and stunting job creation, a major report warns today. Ireland needs to slash personal tax rates to create jobs and secure a Brexit dividend as the UK leaves the EU, according to leading entrepreneurs. Nearly three-quarters said the overall cost of doing […]

House prices soared 9pc in a year on the back of new buyers clamouring to get hold of property in limited supply. The ‘Help-to-Buy’ scheme and looser credit conditions are expected to push Irish house-price inflation into double figures this year, amid fears the housing bubble is back. Economists have questioned the need for the […]

Low levels of infrastructure development in regional areas will “fundamentally undermine” Ireland’s economic performance in the next decade, the Construction Industry Federation (CIF) has claimed. CIF president Dominic Doheny said a lack of strategic planning and the impact of demographic trends has resulted in Dublin becoming the focal point for economic growth in Ireland. The […]

Luxembourg has claimed a legal right to grab the European Banking Authority for itself after Brexit, despite pitches from Ireland and other states to host the EU institution. Dublin’s ability to lure financial firms post Brexit got a much-needed boost yesterday after the Royal London Mutual Insurance Society picked Ireland as its future EU base, […]

The National Asset Management Agency is preparing to sell a portfolio of loans tied to the late Cork developer Owen O’Callaghan. It is understood a formal auction for the partially-peforming loans, bundled together under the name Project Lee, could be underway by May or June. The Irish Independent has established that this latest sell-off of […]

Irish-listed Amryt Pharma posted operating losses before tax of €7.8m following a number of strategic acquisitions over the course of 2016. The company said that it had signed an exclusive licensing agreement with Aegerion Pharmaceuticals in December, which it said could have a transformational effect on the business. Amryt specialises in creating drugs to treat […]

A war of words has erupted over estate agent Lisney’s role in an apparently damning report into Nama. Lisney has distanced itself from the report that claimed taxpayers lost out on €18bn because Nama sold off properties too cheaply and too early. The ‘Sunday Business Post’ reported that the report into Nama was “prepared by […]