Pepper Group, an Australian financial services group have been bought by KKR. Photograph: iStock

The deal values the Australian non-bank lender at €451m

PTSB has lost about a quarter of its market value in the past two weeks.  Photograph: Nick Bradshaw

PTSB has highest ratio of non-performing loans among Ireland’s bailed-out banks

Michael Stanley of Cairn: “ I think the industry has responded very well to the help-to-buy scheme.”  Photograph: Cyril Byrne

Property developer, who has housing in his blood, busy expanding empire in D4 and D6

Cairn Homes chief executive Michael Stanley at 6 Hanover Quay in Dublin. Photograph: Cyril Byrne

Firm is building office space in Dublin for 60,000 people

Central Bank: IBRC had been using the promissory notes as collateral for emergency funding with the bank. Photograph: Matt Kavanagh

The faster the bonds are sold, the more interest we pay annually, says Fianna Fáil spokesman

Origin shares edged 0.7 per cent higher to €6.75 million on Thursday morning in Dublin, valuing the group at €847 million

UK competition authorities had expressed concern about the transaction last month

Kerry said trading profit increased by 5.2 per cent over the six-month period to €339 million

Trading profit up 5.2% over the first six months of the year

KBC Bank Ireland’s contribution to KBC Group’s net profit surged 213 per cent in the first half of the year to €166 million.

Bank records 213 per cent profit surge as it frees money set aside to absorb loan losses

Steward Mark O’Doherty at The Belmond Grand Hibernian in Dublin. Photograph: Cyril Byrne

Top-end €9,000 train trip around Ireland proves a hit with tourists

The Central Bank approved the creation of 26 new positions for its credit institutions directorate and 10 additional roles in its banking resolution unit. Photograph: Alan Betson

Regulator received no banking applications in first half and approved three insurers

An arm of Wall Street investment bank Morgan Stanley has emerged as a 5 per cent stakeholder in Permanent TSB

PTSB shares have slumped by 35% since the start of June

UBS’s valuation of AIB’s €2.8 billion of stored-up losses is the most conservative to be issued so far by analysts among a raft of banks involved in the IPO. Photograph: Brenda Fitzsimons

Bank expects to cut tax bill over three decades as it uses up tax assets after vast losses

Fitch, one of the world’s leading credit ratings agencies, expects building materials giant CRH to ease back on its recent focus on lowering its debt levels as it returns its focus to growth

Building materials giant has said it may spend up to €3 billion on deals by mid-2018

Mick Sweeney:  has represented Bank of Ireland on industry bodies  and was elected to the board of the Dublin Chamber of Commerce.

Sweeney understood to be looking at Brexit-related jobs in the financial sector

Bananalink protest outside the extraordinary general meeting of fruit distributor Fyffes, which approved the group’s €751 million takeover by Japanese group Sumitomo Corporation in February. Photograph: Cyril Byrne

Fruit firm linked to alleged worker exploitation in its Central American operations

ACC Loan Management had €783m   residential mortgages on its books at the end of last year, out of a total €3.2bn   loan portfolio. Photograph: Getty Images

Central Bank estimates up to 15,000 mortgage holders wrongly denied tracker rate

Owens-Illinois revealed to its shareholders last week  it had sold the award for $155 million to “an Ireland-domiciled investment fund”. Photograph: Brendan Fitzsimons

Owens-Illinois was awarded $455m after two plants were seized by Venezuelan state

The new food market area in Avoca Handweavers at Rathcoole,  Co Dublin. Photograph: Bryan O’Brien

Avoca had more than €4m in restructuring and related costs ahead of Aramark deal

 Gary McCann (left), chairman of Paddy Power Betfair, and chief executive Breon Corcoran. Photograph: Eric Luke

Bookmaker, created by merger last year, poised to report first-half results on Tuesday

Fiona Muldoon, chief executive of FBD, has “no reason to believe”  Fairfax, founded by Prem Watsa, won’t  convert its  €70 million bond holding in FBD into equity in 2018.  Photograph: Eric Luke

Insurer’s shares hit two-year high as it posts €11.9m pre-tax profit, up from €3.7m loss

Shares in the company slumped to as low as 8.625p per share after a preliminary analysis indicated the reservoir contained water

Oil explorer will now drill 1,000 metres deeper to Drombeg target

 Some 3,500 Ulster Bank customers were wrongly denied a European Central Bank tracker interest rate on their homes loans over the past decade.  Photograph: Nick Bradshaw

Lender’s adjusted operating profit fell by a third in the first half of the year to €104m

 Fiona Muldoon, chief executive of FBD Insurance. The insurer delivered a €11.9 million pre-tax profit for the first half of the year, compared to a €5.3 million loss for the same period last year. Photograph: Eric Luke

Insurer posts €11.9 million pre-tax profit for the first half, compared to a €5.3 million loss

Robert Pitt, CEO of Independent News & Media, and  Leslie Buckley, chairman.  Photograph: Cyril Byrne

Robert Pitt’s reticence ‘directly related’ to re-election of Leslie Buckley, says Glass Lewis

Irish Life chief executive David Harney:  “Sales at Irish Life Investment Managers were 25 per cent ahead of budget at the end of the end of the second quarter.” Photograph: Brenda Fitzsimons

Insurer contributes €42 million to Canadian parent’s earnings

The Bank of England cut its economic growth for this year and next to 1.7 per cent and 1.6 per cent, down from 1.9 per cent and 1.7 per cent respectively. Photograph: iStock

Bank of England cuts economic growth forecast for 2017 by 0.2 per cent to 1.7 per cent

PTSB said last week that an ECB-driven review of riskiness of assets will dent its common equity Tier 1 (CET1) capital ratio. Photograph: Alan Betson

Davy downgrades stock and expects bank to withhold dividend payments until 2020

Morgan Stanley sees AIB holding €3.24 billion of “excess capital” by the end of 2019, which could be returned to shareholders over time. Photograph: Cyril Byrne

Banks and brokers that worked on AIB IPO initiate coverage of stock after blackout

Aviva’s Irish HQ at One Park Place.

Company says motor insurance business remains ‘challenging’

Postal software provider Escher saw its shares fall almost 10%  in London as it reported a 24%  decline in first-half revenues. Photograph: iStock

Davy analyst says Escher’s licence fee revenues remain ‘lumpy’

“We expect Ireland’s housing market to experience the strongest year-on-year nominal house prices rises of 8.5%  this year and 7% in 2018, underpinned by supply shortages and continued economic recovery.”  Photograph: Getty Images

Ratings agency’s economists expect UK prices to slow from 2.5% in 2017 to 1% in 2018

The Central Bank sold €500 million of the bonds on Tuesday to the National Treasury Management Agency, which immediately cancelled the securities. Photograph: Matt Kavanagh

Regulator sells €500 million of Anglo-linked bonds to NTMA

The latest statistics “demonstrate that growth in the level of Irish real estate being held by Irish funds has slowed considerably,” the Department of Finance said. Photograph: iStock

Increase of Irish real estate held by funds in State slowed to 3 per cent in first quarter

Noonan Services saw its revenue treble to more than €300 million since its takeover by Alchemy in 2008

Dublin-based facilities management and contract cleaning firm bought for €175m

Richard Pym acquired €9,420 worth of shares while Bernard Byrne spent €9,890 on stock. Photograph: Alan Betson

Directors acquire shares at up to €4.945, well above initial public offering price of €4.50

Permanent TSB lost 2.4%  to €2.05 as the bank succumbed to further negative media commentary

Strong results from heavyweight bank HSBC help British blue-chips retain gains

The wind energy sector in Ireland has been particularly active in the past nine months. Photograph: Getty Images

Assets made up of four wind farms currently in operation, with fifth expected next year

Court ruling said that the investor group did not succeed in demonstrating that former Minister for Finance  gave an “unreasonable” opinion to the High Court when secured a court order six years ago to take over the group

PTSB cost State €2.7bn to rescue, excluding the €1.3bn it received from sale of group’s Irish Life division

United Oil & Gas stock jumped as much as 20 per cent to 3p in early trading on the London Stock Exchange but closed unchanged at 2.5p, giving it a market value of £5 million. Photograph:  Matthew Lloyd/Bloomberg

Energy firm focused on buying unwanted oil and gas licenses in Europe

Noonan Services, the Dublin-based facilities management and contract cleaning company, has been sold to South African conglomerate BidVest for € 175 million, marking its second change of control in a decade.

Dublin-based facilities management company sold for second time in decade

Bank of Ireland chief financial officer Andrew Keating and Bank of Ireland Retail Ireland chief executive Liam McLoughlin at the media briefing for the bank’s interim results. Photograph: Alan Betson

State’s largest lender by assets cuts impaired loans to €5.4 billion

Permanent TSB CEO Jeremy Masding: said this week that the ECB is likely to stand in the way of the group hitting its target of returning to paying dividends in early 2019 for the first time in over a decade. Photograph: Colm Mahady/Fennells

Institution has increased pressure on lenders with high levels of non-performing loans

Bank of Ireland is due to report interim numbers on Friday morning. Photograph:  Dara Mac Dónaill

Lender gets approval from High Court to reorganise its capital structure

Minister for Finance Paschal Donohoe. Photograph: Brenda Fitzsimons

Republic alone in EU in not having its own Central Securities Depository

Ardagh raised about $319 million in net proceeds following its flotation in March

Revenues up 58% due primarily to impact of beverage cans business acquisition

AIB returned to the main stock markets in Dublin and London in June for the first time since it was seized by the State in late 2010

Operating profit hits €814m as level of bad loans falls to €7.8bn from 2013 peak of €29bn

The Granahan McCourt-led consortium paid a reported €43 million in 2013 for Enet, whose core business is managing the State’s network of metropolitan area networks in 94 towns around the Republic.

Irish Infrastructure Fund expects to close broadband firm deal by end of 2017

Bank of Ireland’s outgoing chief executive Richie Boucher is stepping back as the bank unveils its first-half results on Friday.

Francesca McDonagh to take over as head of bank on October 2nd

Permanent TSB Group chairman Robert Elliott. Photograph: Chris Bellew/Fennells

Bank’s €5.78 billion non-performing loan book includes €2.68 billion yet to be treated

Permanent TSB group chief executive Jeremy Masding: “It is now right to acknowledge that the bank has an untreated book.” Photograph: Colm Mahady/Fennells

Investors worried over resolution plan involving loan sales and repossessions

Market sources have said that the new housebuilding company will contain as much as €100 million of assets initially

US firm among overseas buyers of distressed Irish assets in recent years

 Apple  store on Fifth  Avenue in Manhattan: the Department of Finance said it and Apple had agreed to seek the services of custodian and investment managers to oversee Apple’s contested multibillion-euro Irish tax bill.  Photograph: Mike Segar

Department of Finance to seek a custodian and investment managers for Apple funds

Philip Lane: he has rejected criticism that the Central Bank  has been too cautious in its approach to firms relocating to Ireland due to Brexit. Photograph: Cyril Byrne

Central Bank governor expects ‘substantial’ increase in activity due to Brexit

Ryanair slid as much as 5.6 per cent during the session as investors looked beyond a robust set of profits for the carrier’s fiscal first quarter to focus on its cautious outlook.

Iseq down in third straight session of decline

KBC Bank Ireland’s new chief risk and compliance officer, Barry D’Arcy. Photograph: Naoise Culhane

Accountant has previously worked for IBRC, Intel and Kerry Group

It is estimated that Apple will have to pay between €13 billion and €15 billion, including interest, pending the outcome of the legal appeals. Photograph: Reuters

Successful custodian in charge of escrow account needs to have handled more than €3 trillion of assets in past three years

Campari bought Carolans and Irish Mist, along with hazelnut liqueur Frangelico, in 2010 from William Grant & Sons for €129 million.

Italian drinks group acquired the brands in 2010 for €129m from William Grant & Sons

The size of Apple tax  escrow fund has yet to be confirmed but it could be in the range of €13 billion to €15 billion, including interest, according to the Department of Finance. Photograph: Reuters/Mike Segar

Department of Finance reveals that fund may be higher than initial €13bn estimate

Taoiseach Leo Varadkar with  CEO Bank of America Brian Moynihan at Government Buildings on July 21st. Photograph: Jason Clarke

Wall St giant joins growing number of global financial groups planning Brexit prompted move

Citigroup confirmed to staff on Thursday that it plans to extend its operations in Dublin, where it employs about 2,500 people

US bank will ‘increase over time our footprint in other key EU cities including Amsterdam, Dublin, Luxembourg, Madrid and Paris’

Michael Fingleton informed officials by phone that while he would have liked to attend INBS hearing, he was unable due to the short notice. Photograph: Eric Luke / The Irish Times

Former INBS told inquiry he would like to have attended today but the two weeks’ notice was too short

Greencoat Renewables is a fledgling Irish energy company that acquired part of the original Bord Gáis wind portfolio this year

Wind energy firm to float in Dublin and London on July 25th

Eddie O Connor set up Mainstream in 2008 after Airtricity, the wind energy company he founded two decades ago, was sold to Scottish & Southern Energy, now SSE. Photograph: Alan Betson

Bird charity RSPB loses court battle to stop €2.3bn Neart na Gaoithe development

Morgan Stanley currently employs about 30 people in the area of fund administration in Dublin’s south docklands, on Sir John Rogerson’s Quay.

US bank plans to apply for a MiFID licence from the Central Bank, sources say

Independent House, on Talbot Street, Dublin. INM has issued a profit warning.

Newspaper publisher cites fall in circulation, advertising and Brexit ‘uncertainty’

Entrepreneur Eddie O’Connor’s Mainstream Renewable Power’s plans to develop a £2 billion (€2.3 billion) wind farm off the Scottish coast

Bird charity can still take case over Scottish project to UK Supreme Court

CRH reported at the end of April that its first-quarter European sales rose by 6 per cent on the same period last year.

Shares in building materials group have fallen over 9% from their May highs

London’s Canary Wharf financial district. Photograph: Stefan Rousseau/PA Wire

Envoy says UK capital to remain Europe’s finance hub

Permanent TSB has largely relied on reduced payments as a forbearance measure for loans under stress, with split mortgages, where repayments on a portion of a loan are put on ice, the second most popular treatment.

Bank has committed to outlining strategy for non-performing loans by end-September

The latest Central Bank data shows that banks remain the biggest sponsors of IFSC-based FVCs and SPVs, which would include companies set up to hold mortgages that have been securitised and firms set up at arms length to extend loans to businesses. Photograph: Alan Betson / The Irish Times

Authorities globally are focusing increasingly on nonbank financial activities

Cairn Homes said on Monday that it had completed the €107.5 million purchase of 8.64 acres of land at the  RTÉ’s complex in Donnybrook. Photograph: Cyril Byrne /

Irish bourse facing busy week as Greencoat Renewables expected to float on July 25th

The State is nearing an agreement with Apple on how to manage back tax it has been ordered to collect from the iPhone maker. File photograph: Mike Segar/Reuters

Republic is close to an agreement on managing the money even as it appeals EU ruling

IBM, Microsoft, and Johnson and Johnson are scheduled to report results this week

Market report: European shares give back early gains in thin volumes on Monday

Bank of Ireland’s first-half results are due to be released on July 28th.

Improvement puts bank in good position to restart dividends, says analyst

MicroFinance Ireland CEO Garrett  Stokes estimates that about 10 per cent of customers behind undrawn, approved loans are now going back to their banks and receiving funding there

MicroFinance Ireland sees rise in would-be customers returning to original banks

The €30,000-a-year level at which the stamp duty kicks in was set in 2008, when it was raised from €19,050.

Most tenants avoided €30,000-a-year threshold during financial crash after level raised in 2008

Conor O’Kelly, chief executive, the National Treasury Management Agency. The Agency auctioned €750 million of bonds on Thursday, bringing the total amount of long-term debt issued so far this year to €10.1 billion. Photograph: Dara Mac Dónaill / The Irish Times

State debt office auctions €750 million of 2022 and 2045 bonds on Thursday

Gardaí  and protestors outside the Corrib gas terminal site in Co Mayo, in 2006. Between 2005 and 2014, the policing of protests and protection of workers at project sites cost the State €16.4 million. Photograph: Niall Carson/PA

Shell’s 45% stake sale in natural gas field worth as little as €830m

The Central Bank has approved Lloyd’s of London insurer Beazley’s request to set a set up a European hub in Dublin. Photograph: Matt Kavanagh

Approval comes three weeks after UK-based Chaucer received Central Bank nod

A worker at Shell’s Corrib gas field near Belmullet, Co Mayo, in 2015.

Natural gas started to flow from Corrib field at the end of 2015

Greg Lawless, chief executive of Arena Events Group, which supplies hospitality tents to the Wimbledon tennis championship among others, plans to raise €68 million through a London Stock Exchange flotation

CEO Greg Lawless previously worked with Davy and distribution firm Allegro

There is currently about 4.2 million square feet (390,000 square metres) of offices space currently under construction in Dublin.

Company pointshh to ‘downside risks’ amid current surge in office development

Origin Enterprises CEO Tom O’Mahony. Company shares gained as much as 3.4 per cent in early trading to €6.90 on Tuesday. Photograph: Eric Luke

Investec analyst Ian Hunter estimates company has scope for up to €100 million of deals

Grafton Group chief executive Gavin Slark: remains “cautious about the shorter term impact of current uncertainty and pressure on real incomes which may temper growth” in housing renovation and maintenance. Photograph: Nick Bradshaw

Total like-for-like sales increased by 5.9% in the second quarter, up from 5.5%

 Charles Gallagher, executive chairman, of Abbey plc. Photograph: Alan Betson / The Irish Times

Chairman of housebuilder insists help-to-buy scheme is boosting supply

Analysts at stockbrokers Davy raised their price target for the new Bank of Ireland shares to €8.40 from €8.10 Photograph: Nick Bradshaw

Davy increases price target for bank’s new shares to €8.40

Food giant Kerry Group stood out as a particular bright spot among large Irish companies in the market. Photograph: Dara Mac Dónaill

Financials, miners and technology stocks recover some of the ground lost recently

Connemara Mining: Paul Johnson, former head of Metal Tiger, owns 9.4 per cent stake in firm

Paul Johnson has been adding to Connemara investment since his Metal Tiger exit

NTMA chief executive Conor O’Kelly at the publication of the agency’s annual report on Monday. Photograph: Dara Mac Dónaill

Government interest bill running at 8 per cent of revenue, twice the European average

Davy’s acquisition of  Danske Bank’s wealth-management business in Northern Ireland will have no associated redundancies.

Deal involves transfer of management of more than 1,100 customer portfolios

The Treasury Building, headquarters for the NTMA. (Photograph: Dave Meehan/The Irish Times)

Debt agency’s latest move will bring total debt issuance so far in 2017 above €10 billion

State-owned ESB is facing a large number of lawsuits based on its role in flooding in Cork in 2009 and damage to UCC buildings. Photograph: Aidan Crawley

Appeal by ESB of original UCC/Aviva case expected to be heard in October

The Irish construction industry returned to growth in late 2013  and has remained in expansionary mode ever since. Photograph: Alan Betson

Growth in housing and commercial work slowed while civil engineering contracted

DIY retailer B&Q urged Leo Varadkar to cut job seekers’ benefit before he was elevated to taoiseach, so that it could find it easier to hire summer staff, the Sunday Business Post claims.  Photograph: Brenda Fitzsimons

Abu Dhabi interest in Bank Centre and B&Q lobbying among stories in the Sunday papers

Irish businessman Dermot Desmond is a major shareholder in Rietumu Bank in Latvia, which was fined €80m last week in a French court. Photograph: Cyril Byrne

Irish businessman Dermot Desmond holds a 33% stake in lender

Shares in Bank of Ireland are set to be reclassified on Monday morning amid warnings from Fitch about the high level of non-performing loans still held by Irish banks. Photograph: Nick Bradshaw

Level of non-performing loans in Irish banks three times higher than euro area average

A successful bid by Enet for one or both of the 25-year National Broadband Plan contracts would significantly enhance the value of the company

Oak Hill plans to sell 47% stake in Enet in deal that values company at up to €200m

Bank of Ireland’s chief executive Richie Boucher: will step step down at the end of this year. Photograph: Aidan Crawley

Reverse share split cuts outstanding shares by 97% and is part of a broader restructuring

 Stephen Glancey, chief executive of C&C: said he would be “surprised” if Pabst triggered the option next year.  Photograph: Dara Mac Dónaill

US brewing company has option to buy C&C’s US cider brands under 2016 deal

The three other firms known to have been inspected by competition authorities this week – Aon, Marsh and Campion Insurance in Dublin – have said that they were co-operating with the review

Wright Insurance Brokers one of four firms reviewed over concerns of anti-competitive practices

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