Rabobank to sell off ACC loans, Noa secures seed funding and Pilit Clark is somewhat engaged

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Dutch financial group Rabobank is advancing plans to sell off the remaining €3.2 billion loans at its former ACC Bank unit in Ireland at a deep discount, having reclassified the distressed portfolio on its books in recent months.

Dutch financial group Rabobank is advancing plans to sell off the remaining €3.2 billion loans at its former ACC Bank unit in Ireland at a deep discount, having reclassified the distressed portfolio on its books in recent months.

 

Dutch financial group Rabobank is advancing plans to sell off the remaining €3.2 billion loans at its former ACC Bank unit in Ireland at a deep discount, having reclassified the distressed portfolio on its books in recent months. Joe Brennan has the details.

Irish media start-up Noa has secured a second tranche of seed funding as part of a three-stage process that will ultimately raise €800,000 for the business by the end of this year. Ciarán Hancock reports.

Dublin-headquartered peer-to-peer lender Flender, whose backers include former Ireland rugby international Jamie Heaslip, has raised €10 million to lend on to small and medium-sized enterprises, reports Joe Brennan.

Most Irish employees might claim to be happy in their current role but many would be happy to be approached with an offer of a new job elsewhere, according to research, writes Charlie Taylor.

Natural gas was required to generate a record of 90 per cent of the State’s power in June and July, as the sweltering weather prompted wind energy generation to plummet, according to Gas Networks Ireland. Joe Brennan reports.

Bank of Ireland has said its “economic pulse” reading of the mood of Irish households and businesses declined in August amid growing fears of a no-deal Brexit as the UK enters a crucial stage of talks with the European Union, writes Joe Brennan

The Davy Irish Property Fund has raised by 45 per cent the value of a key portfolio building in Dublin that’s mainly let out to MetLife, wrties Joe Brennan, as the US financial services group agreed to extend the lease on its European operational base by a further 10 years.

Winner takes all is natural and fun to watch in, say, Premier League football. But when it starts to distort global economic structures it becomes something far more sinister, argues Chris Johns .

Pilita Clark wonders whether it is a cheap shot to criticise employee engagement.

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