Minister for  Finance Paschal Donohoe: analysts hold out little prospect he will sell  off further bank shares in the foreseeable future. Photograph: Conor Healy

AIB, Bank of Ireland and PTSB’s shares have plunged 50%-54% since 2018

Maurice Pratt. chairman Uniphar with Daryl Byrne, chief executive of Euronext Dublin, and Ger Rabbette. chief executive, Uniphar at the bell ringing ceremony at Euronext Dublin.

Markets Beat: Larry Goodman makes €4m profit on Green Reit bet

Uniphar chief executive Ger Rabbette Maurice Pratt, the company’s chairman. Photograph: Dara Mac Dónaill

Company raised an initial €135m by selling shares at €1.15 before floating in Dublin

A view of  the New York Stock Exchange on August 14th. Photograph:  REUTERS/Eduardo Munoz

Dublin’s Iseq share index has fallen 6.6% in seven weeks, leaving it the third worst-performing equity market since July

Wall Street stocks tried to move higher on Thursday. Photograph: AFP

Bank stocks among worst performers across Europe amid speculation about ECB move

Financial markets have been rattled this week by data  from both Germany and China. Photograph: iStock

Yield on State’s 10-year bonds falls to minus 0.147%

Aryzta chief executive, Kevin Toland, right, with company chairman Gary McGann. Photograph: Alan Betson

Weakening consumer confidence and trend towards healthy snacks seen as threats

Green Reit became the first real-estate investment trust to float on the Irish stock market in 2013, before going on to amass a €1.48bn portfolio of prime office, logistics and development assets. Photograph: Cyril Byrne

Founding directors Vernon and Gunne expected to step away from the listed Irish property group

Investec Ireland banking analyst Owen Callan said that PTSB investment on IT and wage inflation at the bank will limit improvements to its cost-income ratio over the next five years

Bank is grappling with the impact of slow loan growth and rising costs

Ryanair chief executive Michael O’Leary. Photograph: Leah Farrell/RollingNews.ie

Some 22 per cent of Ryanair’s revenue in the year to the end of March came from its UK operations

ECB president Mario Draghi has received criticism in Germany for the Frankfurt-regulator’s QE programme, which has impacted on interest rates. Photograph: Stephanie Lecocq/EPA

According to the popular narrative, the European Central Bank is the enemy of German savers

An oil rig operating in Barryroe, 50km from Co Cork. File photograph: Finbarr O’Rourke/Providence Resources/PA Wire

Shares in the oil and gas explorer jump almost 30% during trading in London

Aviva’s life business was boosted by the 2018 takeover of Friends First. Photograph: Reuters

General insurance business profit falls in first half of year

Kerry Group previously guided towards 6-10 per cent expansion.

Food giant said it now expects to post 7-9% growth in earnings per share this year

Irish mortgage market is growing at half the rate KBC Bank Ireland expected a year ago, it said. Photograph: Bryan O’Brien

It also sold €260m of corporate loans to Bank of Ireland as restructuring continued

The Drumcondra site forms part of a larger plot being sold by the Catholic Archdiocese of Dublin to the GAA.

US group emerges as preferred bidder for 19-acre site with scope for 1,200 dwellings

Chemical companies Bayer and Lanxess are selling their shares in chemical park operator Currenta to funds managed by  Macquarie Infrastructure and Real Assets. Photograph: EPA

German chemical deal helps to buoy Euro Stoxx index

AIB, Ulster Bank and KBC already offer Apple Pay. Photograph: Getty

Other banks already offer payment via smartphone or smartwatch

Smurfit Kappa, led by chief executive Tony Smurfit, said it was fined €124 million following AGCM investigation. Photograph: Brenda Fitzsimons

Irish-founded company says it will ‘vigorously’ appeal competition authority decision

Applegreen CEO Bob Etchingham: ‘The deal moves us up the food chain.’ Photograph: Cyril Byrne

Forecourt retailer is entering into consortium to buy Connecticut business

The Dublin-based firm received almost €14 million after costs for stake of more than 8 per cent in the ISE as the exchange was taken over by pan-European bourse operator Euronext in a deal in March 2018. Photograph: Dara Mac Dónaill

State’s smallest stockbroking is in the process of winding up after 59 years in business

IB’s shares have fallen 42% in the past 12 months. Photograph: Aidan Crawley/Bloomberg via Getty

Recent slump in the bank’s share price has pushed out the timeline of special buyback

The growth of Dublin’s IFSC may change its risk profile, a new Central Bank report notes. Photograph: Aidan Crawley.

Rapid growth amid Brexit fallout raises stability questions for regulator

Smurfit Kappa, led by chief executive Tony Smurfit, is ‘very disappointed’ by Italian fine. Photograph: Brenda Fitzsimons

Authorities found 50 paper, packaging groups engaged in anti-competitive practices

Providence Resources, led by Tony O’Reilly jnr, will need to raise funds if finance doesn’t materialise, says analyst. Photograph: Dara Mac Dónaill

Oil explorer expected to proceed with site survey even if finance doesn’t come

Ulster Bank reported its operating profit slumped to €26m in the first half of the year from €100m a year earlier. Photograph: Nick Bradshaw/The Irish Times

‘We’re not giving up on Ireland but it’s going to take time’ – outgoing RBS chief executive

Former CFO  of Allied Irish Bank Mark Bourke. Photograph: Reuters/Clodagh Kilcoyne

Mark Bourke took over as finance head at Novo Banco earlier this year

The source of market nervousness on Monday was centred around China letting the value of its currency, the yuan, fall below $7 for the first time since 2008

Bond yields fall into minus figures as investors spooked by escalating US-China trade war

Ryanair, led by chief executive Michael O’Leary, said last Monday that its average air fares fell by 6 per cent to €36 in the three months to the end of June,

Deutsche Bank analysts expect Ryanair to see its fares per passenger decline 3% for the full year

Providence Resources, led by chief executive Tony O’Reilly jnr, revealed  it had decided to make all its technical and support staff redundant.

Shares tumble 34 per cent in London as explorer reports cash level of $1.45 million

Businessman Denis O’Brien. Photograph: Dara Mac Donail

Businessman’s decision to pull $2bn IPO of Digicel could be move he rues most

Kevin Thompson, who has stepped down as chief executive at Insurance Ireland to head RSA Ireland. Photograph: Dara Mac Donaill

Industry lobby group chief steps back into corporate role

Datalex’s acting chief executive, Seán Corkery, is carrying out a “comprehensive review” of the business. Photograph: Nick Bradshaw

Travel software group warns of plan to take ‘significant’ charge on R&D assets

Ulster Bank has had to ringfence €312 million in recent years to deal with the tracker-mortgage scandal. Photograph: Nick Bradshaw

Still, chief executive Jane Howard says bank’s underlying business remains ‘strong’

Fyffes total debt increased by almost €100 million to €274.4 million last year. Photograph: Simon Dawson/Bloomberg

Operating profit fell to €8.75 million last year as a result of ‘difficult trading conditions’

FBD Insurance chief executive Fiona Muldoon: “We are making a profit and that’s a good thing. I don’t apologise for that.” Photograph: Eric Luke

Drop in claims boosts profit but chief executive warns litigation claims costs still rising

Final bids for the company were received last Thursday

Group’s market value has jumped by up to 20% to €1.29bn since putting itself on market

Siobhán Talbot: she insisted  the group was sticking to its medium-term target of growing its earnings per share by  5-10%  annually over five years. Photograph: Bloomberg

Earnings in performance nutrition division fall 30% in first half

Kevin Nowlan:  he knew of law, accountancy and other professional firms that were “out the door” with staff but not taking extra space because they feared a possible no-deal Brexit. Photograph: Tom Honan

Businesses lease more than 1.7m sq ft of offices in first half

In Europe, ebitda increased by 17 per cent to €688 million, helped by a 2 per cent organic increase in the volume of boxes sold, higher pricing and acquisitions.

First-half earnings rise 17 per cent to €847m with European sales helped by higher pricing

A currency exchange board in London: Sterling has fallen by as much as 2.7 per cent to as low as 91.9p against the euro – a level not seen in almost two years – since Boris  Johnson took office. Photograph: Will Oliver

Recession would be averted but slowdown a likely ‘significant shock’ for the economy

Ardagh bottling plant: group is spinning off its food cans business and refinancing  its most expensive bond.

Glass and metal containers giant raised $1.8bn through sale of bonds on market

Markets took fright as US president Donald Trump warned China against waiting out his first term to finalise any trade deal, saying the outcome could be no agreement or a worse one. Photograph: Andrew Caballero-Reynolds/AFP/Getty Images

Markets shiver as US president Trump fires another shot across Chinese bows as trade talks resume

Bank of Ireland CEO Francesca McDonagh  said she plans to reveal a ‘well thought-through’ plan on cost efficiency. Photograph: Laura Hutton

Bank warns ‘external environment changed since we set our strategic plan a year ago’

 Paul Coulson, chairman of the Ardagh Group, which moved on Monday to shave millions of dollars off its annual interest bill

Glass and metal containers giant is planning to redeem bonds carrying 7.25% interest rate

PTSB CEO Jeremy Masding appealed for time to give his best shot at increasing the earnings and value of  bailed-out bank

Shares in the bank have fallen by 75% since sale of a 25% stake on stock market in 2015

Low interest rates are a threat to Bank of Ireland achieving its financial targets, chief executive Francesca McDonagh said.  Photograph: Dara Mac Donaill

Bank reports underlying profit of €376 million for first half of year – a fall of 25%

 AIB CEO Colin Hunt with chief financial officer Donal Galvin. The bank saw its average number of employees rise 2 per cent to 9,888 in the first half 2019. Photograph:   Shane O’Neill/SON Photographic

Colin Hunt says issue affects far more people and bank’s competitors don’t face problem

Minister for Finance Paschal Donohoe will be in no position to rush to market with bank shares. Photograph: Gareth Chaney Collins

Euro-zone economy remains in malaise as Draghi enters twilight of his tenure

AIB said that the additional tracker charge pushed the group’s pretax profit down.

Group’s pretax profit down to €436 million, 43 per cent down on same period last year

Permanent TSB chief executive Jeremy Masding during the announcement ofthe bank’s results on Thursday.  Photograph Nick Bradshaw

Pretax profit fell by 50 per cent to €28m in the first six months of the year

The site of Green Reit Plc at Molesworth and Dawson Street. File photograph: Cyril Byrne

Three bidders interested in portfolio that includes Dublin offices and warehousing group

New York-listed Ardagh reported on Thursday that it generated revenue of $2.26 billion in the second quarter.

‘I plan to stay with the business but . . . no one goes on forever,’ says chief executive

PTSB says it has a target of cutting its soured loans to a “mid-single-digit ratio” over the “medium term”.

Analysis: Up to €550 million in problem loans still to be dealt with

Photograph: Alan Betson/The Irish Times

New mortgage lending outperformed market growth, rising 18% in the first half of the year

The INBS  inquiry is looking into several alleged regulatory breaches before the financial crash. Photograph: Alan Betson

Society had €6bn in boom-time profit-share loans in 2008

David Drumm led Anglo Irish between 2005 and 2008. Photograph: Cyril Byrne

Former Anglo chief found to have ‘brought discredit’ on profession

Gabriel Makhlouf met Minister for Finance Paschal Donohoe for the first time in Dublin last Thursday. Photograph: Vivek Prakash/Bloomberg via Getty Images

Gabriel Makhlouf to respond on his handling of security breach when he takes office

Former Irish Nationwide Building Society managing director Michael Fingleton. Photograph: Cyril Byrne

Report says profit-share deal with developers put property lender’s loan book at risk

Berenberg analysts focused on the upside for the Irish commercial property sector in their 159-page report. Photograph: Brenda Fitzsimons

Ireland has ‘a number of years of growth ahead of it’, Berenberg analysts tell clients

AIB sold a portfolio of loans that had an original value of almost €3 billion to a group led by US distressed debt giant Cerberus in April. Photograph: Crispin Rodwell/Bloomberg

Lenders in Ireland sold €6.2bn of loans, second only to Italy’s €6.5bn

Big plans for the the Irish Glass Bottle site at Ringsend. Photograph: Cyril Byrne

Zone has potential to deliver 3,500 homes, according to sources

Property shares, including housebuilder Cairn, were in demand in Dublin

Irish banking shares amongst the worst performers as the Iseq drops

WeWork continues to advance its plans to float in 2019, despite shaky IPOs from Uber and Lyft

CRH’s Albert Manifold keeps it simple with one eye on company’s Swedish investors

Nama moved at the end of May to upgrade its full-year surplus forecast to €4bn.

Total cash generated by the State’s bad bank over the period comes to €320m

Green Reit’s board put the company put it up for sale after concluding its share prices had been ‘subject to a material and persistent structural discount to its net asset value per share over three years’

It now joins Kennedy Wilson and unit of DekaBank in round of final offers

Paul Coulson (second from left), chairman of Ardagh Group, rings the opening bell of the New York Stock Exchange in 2017 alongside John Tuttle, global head of listings at the NYSE, Ian Curley, CEO of Ardagh Group, and John Sheehan, director of investor relations of Ardagh Group

Food cans spin-off prompts speculation about unpicking beast that Coulson built

Uniphar chief executive Ger Rabbette: firm set up a share bonus plan in 2018 that entitles 37 top staff to as much as 4.9 per cent of its total shares at the end of 2022. Photograph: Dara Mac Donaill

Irish healthcare services firm raised €135m in IPO

Michael Fingleton jnr worked closely with INBS’s one-time UK head, Gary McCollum, who was based in Belfast, in managing the group’s UK €4.4 billion loan book up until early 2010.

Former executive at lender did not respond to attempts to contact him

Uniphar chief executive Ger Rabbette pictured and Maurice Pratt, chairman. Photograph: Dara Mac Dónaill

Company raises €135 million in IPO, with potential to add further €15 million to total

Irish Life: no longer in race to acquire property group Green Reit. Photograph: Alan Betson

Three bidders remain in running for Dublin-listed property group as deadline looms

PTSB paid a record fine of €21m following Central Bank investigation on overcharging. Photograph: Bryan O’Brien

Lenders were told to exam their mortgage books for overcharging – what happened next?

The Central Bank said in its  report that it had judged some of the banks’ initial redress and compensation plans to be “materially deficient”

Central Bank says 20,000 of the 40,100 identified cases were the result of it challenging the banks

A total of €683 million in refunds and compensation have been paid out by mortgage lenders, representing 98 per cent of the affected borrowers

Central Bank says 40,100 borrowers affected, banks pay €683m in refunds and compensation

Arachas Corporate Brokers has bought Murray & Spelman, which is chaired by Charlie McCreevy, above, for an undisclosed sum

The financial services firm is chaired by former minister for finance Charlie McCreevy

Tony O’Reilly jnr, CEO of Providence Resources. The company’s  investors face an agonising wait until Monday to see if a Chinese backer of its plan to deliver Ireland’s first commercial oil field is still on board.  Photograph: Dara Mac Dónaill

Efforts to find a major partner with deep pockets to back the project have been tortuous

The proceedings initiated by developer Paddy McKillen, above, are ‘largely identical’ to a case that was launched by debt campaigner David Hall against the Minister for Finance in 2017. File photograph: Yui Mok/PA Wire

Department of Finance official referred to the lawsuit in a letter to Oireachtas PAC this week

Uniphar chief executive Ger Rabbette with chairman Maurice Pratt. Uniphar floats on the junior stock markets in Dublin and London on Wednesday. Photograph: Dara Mac Dónaill

Drugs distribution business says it has raised €135m in an IPO of shares at €1.15 each

Cherrywood, Co Dublin. The sale of development land to Lone Star is part of the original partners’ strategy to recycle cash committed to the project as opportunities arise. File photograph: Cyril Byrne

Lone Star completes purchase of almost 118 acres at Cherrywood

The inquiry heard that the nature of the profit-sharing agreements exceeded INBS’s normal appetite for risk and left it more exposed during the downturn

Inquiry hears there was no credit risk policy in place for profit-sharing agreement with developers

A negative shock, such as Brexit or “some unforeseen geopolitical event has the potential to cause house prices to fall in the period ahead,” the Central Bank said

‘High’ house prices may be affected by UK crashing out of EU, bank report says

The NTMA, which manages the Government debt, auctioned €600 million of 10-year bonds and €400 million of 15-year debt

Rate reflects growing expectations the ECB and other major central banks are on track to cut rates

Seán Corkery was appointed deputy chairman of Datalex in April. Photograph: Nick Bradshaw

Chief operating officer and chief marketing officer among departures

Beef magnate Larry Goodman. An investment company controlled by his family, Vevan Unlimited, has accumulated a 2.14 per cent stake in Green Reit. Photograph: Eamonn Farrell/Photocall

Company controlled by beef magnate’s family accumulates stake worth €27.3 million

The inquiry heard last week that INBS had €6 billion of commercial property loans tied to profit-share agreements by 2008.

Building society gave out 100 per cent loans contrary to internal guidelines, inquiry told

Pearse Doherty: “This is just a stalling tactic to try to stall the Bill.”

New not-for-profit claims it has the potential to take on 28,000 distressed loans

Much of the declines of Smurfit Kappa and IP have been down to concerns over box demand and declining prices across the industry. Photograph: Luke MacGregor/Bloomberg

Year-long ban on making fresh bid ran out last month

David Duffy, who left AIB in 2015 for CYBG,  received £1.83 million in total remuneration last year. Photograph: Chris J Ratcliffe/Bloomberg

The Irishman’s remuneration could soar to as much as €4.73m

The New York Stock Exchange. US stocks were lower in early afternoon trading on Wall Street, pressured by a more than 2 per cent drop in shares of Apple. Photograph: Brendan McDermid/Reuters

Iseq drops 0.4%, although Permanent TSB rises 5.1 per cent to €1.32

Deutsche Bank which has confirmed plans to cut 18,000 positions across its global business. Photograph:   Kirsty O’Connor/PA Wire

Lender embarks on most radical strategic overhaul in two decades

The burned-out shell of the Grenfell Tower block is seen near the scene of the fire in North Kensington, west London on June 20, 2017. Photograph: Getty Images

Exposure of Cavan insulation group to high-rise buildings accounts for less than 1% of €4.7bn in sales

Minister for Finance Paschal Donohoe has to deal with the thorny subject of bankers’ bonuses.

Toxic legacies of crash and tracker-mortgage scandal have yet to dissipate

Morgan Stanley: acquired a portfolio of €336 million of restructured Irish mortgages from private equity giant Lone Star

US investment bank currently refinancing Irish loans in bond markets

Bank of Ireland CEO Francesca McDonagh’s plan is to expand the UK division’s loan book by 10 per cent and double its profitability – measured as return on equity – by 2021.

Bank’s UK operations account for almost 40% of assets

FIBI chairman and chief executive of BNP Paribas Ireland Derek Kehoe, Bloomberg’s Stephanie Flanders and ECB supervisory board chair Andrea Enria: “It is common wisdom by now that, before the crisis, compensation schemes were skewed.”  Photograph: Naoise Culhane

Government must decide for itself on easing banker pay limits, forum hears

Minister for Finance  Paschal Donohoe has said he does not intend to revise Budget 2020 even if the Government is proven wrong in its call on Brexit. Photograph: Niall Carson/PA Wire

Analysis: Budget 2020 requires tough call on potential economic consequences of Brexit

The Border town of Muff, Co Donegal. Kieran McQuinn of the ESRI said the “worst possible outcome” on Brexit would be to have a contractionary budget under a scenario of a hard Brexit. Photograph: Liam McBurney/PA Wire

Personal consumption set to grow 2.5% this year despite uncertainty, institute says

Goodbody Stockbrokers’ chief economist said he expected 21,000 houses to be completed this year, down from an earlier forecast of 22,000. Photograph: Alan Betson

Think tank also presses for closure of loopholes allowing landowners avoid tax

Dublin’s Iseq index and the wider European equities market closed little changed on Wednesday as investors retreated to the sidelines ahead of a policy statement from the US Federal Reserve

Markets report: In the UK, M&S drops 4.5% after Tesco says it may open upmarket shop

The senior executive accountability regime will make it easier for regulators to fine, reprimand or disqualify top bankers.   Photograph: Alan Betson

Central Bank could levy fines and disqualify employees under proposed new laws

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