Tesco cut its profit forecast for the fourth time in five months on Tuesday after failing to adapt to changes in the market. It has also admitted overstating profits by £263 million

Ratings agency Standard & Poor’s said it may downgrade Tesco’s credit rating after its latest profit warning, moving the grocer closer to losin(...)

Before joining Eircom as CFO in 2012, Richard Moat  spent 10 years as CEO of a number of telecoms businesses, most recently leading T-Mobile UK as its managing director. (Photograph: Fennell Photography)

Richard Moat, acting chief executive officer at Eircom, has been formally appointed to the role. Mr Moat has been the chief financial officer and exec(...)

Shanghai Tang: sells fashion and other items inspired by the Shanghai of the 1930s

Asia Briefing found itself in the front row of a fashion show in Shanghai last week, rubbing shoulders with China’s top fashionistas, as well as actor(...)

Fitch’s latest arrears index highlights the polarisation in the Irish mortgage market; generally even the late-stage arrears rates have plateaued or are falling, but portfolios with concentrations of loans with weaker features continue to deteriorate. Photograph:  Rui Vieira/PA Wire

Early-stage residential mortgage arrears have fallen below 2 per cent for the first time in three and a half years, according to a new report from rat(...)

Permanent TSB remains the potential “weak link” of upcoming stress tests, and may require capital of up to ¤700 million. Photograph: Eric Luke/The Irish Times

Irish banks are relaxed about their latest examination. When last probed by the Central Bank three years ago, they needed to raise €24 billion. Now, (...)

In coming years, Eircom will spend much of its time striking content deals with broadcasters, digital media publishers, music companies, newspapers and other such entities. Photograph: Eric Luke

Fitch’s assertion yesterday that the departure of Eircom’s chief executive, Herb Hribar, could damage its credit rating should focus minds in the comp(...)

The ratings agency Fitch has indicated it views the recent departure of Eircom chief executive Herb Hribar as a negative factor that could affect the (...)

Permanent TSB: still awaits clearance from the European Commission for its restructuring plan. Photograph: Aidan Crawley/Bloomberg

On August 19th, the Minister for Finance Michael Noonan issued a statement welcoming the improved half-year results published that day by Permanent TS(...)

Minister for Finance Michael Noonan shortly before his Budget 2015 speech, at Government Buildings in Dublin, today. Photograph: Dara Mac Dónaill/The Irish Times 6:13

A Cheann Comhairle,When the Government took office in March 2011 we set out a plan to regain control of Ireland’s fiscal and economic policies, to gro(...)

Central Bank figures show that 44 per cent of new home lending last year involved loans of more than 80 per cent of the property’s value. Photograph: Matt Kavanagh

The Central Bank’s proposed restrictions on new mortgages will lead to fewer borrowers defaulting on their home loans, according to analysts at a mult(...)