AIB is cutting its standard variable rate by 0.25 per cent and introducing new fixed rates. Photograph: Alan Betson

Rival mortgage providers are under pressure to follow AIB’s surprise move yesterday to cut variable and fixed mortgage rates – its first such reductio(...)

One of Punch’s biggest sellers is colour catcher, designed to prevent dye running in clothes washes.

Homecare products specialist Punch Industries paid its French owner an €11 million dividend last year, the latest figures show.Cork-based Punch Indus(...)

C&C results showed falls in profitability in its US and British businesses, sparking a selloff that knocked 8.6 per cent off its value. Photograph: Bryan O’Brien

European stocks rallied late, reversing earlier losses, as a report showed that US economic growth had beaten forecasts.Commerce department figures s(...)

The BNP Paribas building at 5 George’s Dock in the IFSC, Dublin.   Photograph: Alan Betson

Another of the original office buildings in Dublin’s International Financial Services Centre is about to be sold in an off-market deal for close to €(...)

Bank of Ireland’s Letterkenny branch: 25-year lease has 21.8 years to run.

The trickle of bank investment properties coming on the market continues with the planned sale of a property in Letterkenny, Co Donegal. Several more (...)

Following on from Sunday’s stress test results, AIB was down by 5 per cent to 10 cents. Photograph:  Cyril Byrne

European shares rose yesterday, reversing the previous session’s dip as better-than-expected results from a number of blue-chips including pharma gro(...)

Brazil slumps after incumbent Dilma Rousseff narrowly wins a second term. Photograph: Paulo Fridman/Bloomberg

Global equity markets slipped yesterday, hit by weak German business sentiment and another decline in oil, while Brazil slumped after incumbent Dilma(...)

Jeremy Masding, PTSB group chief executive at the Permanent TSB headquarters after the publication of pan-European stress tests by the European Central Bank.  Photograph: Alan Betson/The Irish Times

On Thursday night, chief executive Jeremy Masding was given the news he had been expecting: Permanent TSB had failed the adverse scenario of the Europ(...)

Permanet TSB chief executive Jeremy Masding: “On Tuesday morning, we’ll start the journey [of securing funds].”  Photograph: Alan Betson

Permanent TSB and its advisers plan to canvass more than 30 institutional investors and private equity groups in Europe and the US in the coming we(...)

Minister for Finance Michael Noonan:  examinations of the balance sheets of each bank  demonstrate that significant progress has  been made since 2011. Photograph: Eric Luke

Minister for Finance Michael Noonan said the stress tests reaffirmed the robustness of the Irish banking system notwithstanding the failure by Perma(...)