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Ireland Finance News is an EIN News Service for finance industry professionals. Constantly updated news and information about Ireland Finance.
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Latest Ireland Finance News

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  • Job fears as Aviva alters investment arm's function 25 Nov 2009 08:49 GMT
    ... 's investment offshoot is to be reduced to a ... European base, pointing out that Aviva Investors Ireland reports directly to Aviva Investors UK and not Irish insurance division Hibernian Aviva. The two Irish wings ...

  • Ireland: 300,000 public service workers strike 25 Nov 2009 09:04 GMT
    ... Up to 300,000 public service workers in Ireland struck November 24 against proposals by the ... on November 20 the Irish Department of Finance released a “vision” document to the trade unions. ...

  • EBS and Irish Nationwide begin formal talks on a potential merger 25 Nov 2009 01:50 GMT
    ... building society's advisers on the proposed merger, investment bank Goldman Sachs, have been asked by ... that Irish Nationwide's €2 billion in residential mortgages will be transferred to EBS after €8.3 ... mutuals following Nama, sources said. Minister for Finance Brian Lenihan has said that any State ...

  • Ireland hit by public sector strike against cuts 25 Nov 2009 05:51 GMT
    ... Dublin: Recession-hit Ireland was severely disrupted by a one-day strike ... running the public sector. The alternative is bankruptcy," said ISME chief executive Mark Fielding. After ...

  • Ireland - Drop in farm incomes 25 Nov 2009 00:41 GMT
    ... made the comments as the IFA told Finance Minister Brian Lenihan at a pre-budget meeting that investment in the productive sector of the economy ... growth and badly-needed economic activity in rural Ireland. The IFA said it highlighted the serious ...

  • Bank of Ireland 'won't need more state aid' 25 Nov 2009 12:36 GMT
    ... Bank of Ireland 'won't need more state aid' Bank of ... told a Joint Oireachtas Committee hearing on Finance and the Public Service today that it ... He assured the committee that private residence mortgage holders have had every ECB rate passed ...

  • Britvic Ireland profits, revenue slip 25 Nov 2009 10:54 GMT
    ... revenues fell at soft drinks group, Britvic Ireland, fell 5.6 pc in the year to ... while operating profit fell 17pc. The company's Irish division recorded revenues of £189.5 million over ... for entertainment only, and no decisions, particularly investment decisions, should be taken on the basis ...

  • Bank of Ireland says won't need more state aid 25 Nov 2009 11:55 GMT
    ... Bank of Ireland 'won't need more state aid' Bank of ... told a Joint Oireachtas Committee hearing on Finance and the Public Service today that it ... He assured the committee that private residence mortgage holders have had every ECB rate passed ...

  • The Fortune Financial Updated Analysis on Newell Rubbermaid Inc., Allied Irish Banks plc, Constellat 25 Nov 2009 09:13 GMT
    ... the highest level of independent research and investment strategies with the sole purpose of consistently ... with the sole purpose of consistently identifying stocks that provide the biggest return on investment ...

  • Newry prepares for another shopping bonanza as second Irish public staff strike set for December 3rd 25 Nov 2009 06:52 GMT
    ... axes are back to 2003 levels while current spending is ... has jumped since the 1980's in the Irish civil service with the absence rate rising ... special Dáil debate on Tuesday, Minister for Finance Brian Lenihan, said his department had estimated ...

  • Cardiff investment will be 'hub' of UK growth for Italian company 25 Nov 2009 09:14 GMT
    ... Cardiff investment will be 'hub' of UK growth for ... will be responsible for all UK and Ireland sales development. The directors said they identified ...

  • 30 jobs to go as Aviva closes fund management unit 25 Nov 2009 01:50 GMT
    ... AVIVA INVESTORS Ireland, the asset management division of insurance company Aviva which manages pension funds on ... is to wind down most of its investment management operations in Dublin with the loss ...

  • People prepared for long period of austerity 25 Nov 2009 01:55 GMT
    ... Half of those surveyed feel the economy will be in ... pessimistic of forecasts from the Department of Finance and such credible think tanks as the ... from the survey data that, apart from mortgage borrowings, the average Irish adult currently has ...

  • Keener to learn than apportion blame for mistakes 25 Nov 2009 01:55 GMT
    ... WITH ALL the frustration and rage spilling out of ... debt facing a person is €7,270 (excluding mortgage debt). This includes credit card debt, personal loans, etc. Significant numbers, however, ...

  • Forgive bad debts to save our economic souls 25 Nov 2009 01:33 GMT
    ... We have one of the most draconian systems for ... indicator for, but doesn't automatically lead to, mortgage default. That requires an “income event” - a ... we owe, is to let people declare bankruptcy. Pay what you can and do a ...

  • Unions under fire as nation grinds to a standstill 25 Nov 2009 01:02 GMT
    ... mass action comes just a fortnight before Finance Minister Brian Lenihan introduces €4bn worth of budget ... Government cuts in the public sector is bankruptcy, leading to the IMF, the EU, or ... which will have negative consequences on future investment,” he added. But in a collective statement ...

  • IL&P warns shareholders of legal claims 25 Nov 2009 01:50 GMT
    ... sit above Permanent TSB, the Irish Life insurance division, and Irish Life Investment Managers, IL&P's fund manager. The creation of ... states that chief executive Kevin Murphy and finance director David McCarthy are being paid salaries of ...

  • Shares up for grabs as Lloyds launches £13.5bn rights issue 25 Nov 2009 01:31 GMT
    ... rights issue, which involves a raft of investment banks, are Bank of America Merrill Lynch ... shares in their respective markets, in the mortgage market and what have you. Ultimately, they ... the Government’s asset protection scheme, which provides insurance against risky loans in return for a ...

  • Next-generation broadband 'unlikely' in 3-5 years 25 Nov 2009 09:54 GMT
    ... State, widespread next-generation access is unlikely in Ireland in the next 3-5 years. of respondents ... be fundamental to the future of the Irish economy and arguably these super fast roads ... Without the right communications infrastructure, the €8-billion investment in science over the past decade and ...

  • Next generation broadband 'unlikely' in 3-5 years 25 Nov 2009 07:55 GMT
    ... widespread next generation access is unlikely in Ireland in the next 3-5 years. of respondents ... be fundamental to the future of the Irish economy and arguably these super fast roads ... Without the right communications infrastructure the €8bn investment in science over the past decade and ...

  • Price war begins for 2010 sales 25 Nov 2009 01:01 GMT
    ... As the country braces itself for a harsh winter, the ... biting hard in the car market in Ireland, with the drop in new car sales ... announced details of its 6.75 per cent finance offer from Volkswagen Bank but also announced price ...

  • SA distressed property sales picking up fast 25 Nov 2009 10:14 GMT
    ... We welcome original and exclusive articles and guest columns, ... or is advertised for sale by its mortgagee" and it says that distressed property usually ... working capital needs in order to replenish stocks. "Despite unconventional monetary measures across some economies, ...

  • Remarks by President McAleese to the Association of Local Authority Arts Officers Annual Conference Dublin City Council Civic Offices, Wood Quay, Dublin 8, 23rd November 2009 25 Nov 2009 11:15 GMT
    ... to this gathering of Arts Officers of Ireland. George Bernard Shaw believed that the arts ... arts is woven so tightly into everyday Irish life that it would be easy to ... hands and heads of that work. Your investment is what helps to give us a ...

  • Danske Bank may repossess assets 25 Nov 2009 01:50 GMT
    ... DANSKE BANK may yet move to repossess assets in ... in 2005 acquired Northern Bank in Northern Ireland and National Irish Bank in the Republic. ... recession on record. Before the crash Irish mortgage loans at the bank represented less than half ...

  • Budget squeeze Budgeting not borrowing key to stability 25 Nov 2009 02:11 GMT
    ... By Fall in national wages Private sector income cuts Income ... rates Carbon taxes Rising interest rates VAT Mortgage interest relief FOR the first time in ... all to rethink our attitudes towards money, finance and debt. We have all seen it; ...


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