Creditsights

7 results

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
Fitch highlights problem loans as new BoI shares get set for trading

Fitch warned over the weekend that the high level of problem loans in the Republic’s banks continue to weigh on the State’s credit ratings, as Bank of(...)

AIB: heading back to the private sector. Photograph: Cyril Byrne
Payback time for taxpayers as AIB heads back to the market

As speculation of an imminent announcement on the long-awaited return of AIB to the main stock markets in Dublin and London went into overdrive last w(...)

Based on Bank of Ireland stock’s current price at 23.5 cents, the new shares would be worth about €7.05 each.
Bank of Ireland to shrink number of shares by 97%

Bank of Ireland unveiled plans on Friday to shrink its number of shares in circulation by almost 97 per cent as it progressed proposals to set up a ne(...)

Ardagh Group chairman Paul Coulson: Signalled last month that the group was planning to float on the New York Stock Exchange. Photograph: Alan Betson
Ardagh IPO edges closer with US regulatory filings

Ardagh Group’s imminent $300 million (€282.4 million) share sale and New York Stock Exchange flotation has moved a step closer after the glass and met(...)

Digicel’s office in Port-au-Prince, Haiti. The company’s restructuring will involve cutting one in four jobs and signing a new partnership with a Chinese group, ZTE. Photograph: Thony Belizaire/AFP/Getty Images
Denis O’Brien’s Digicel to cut 25% of workforce

Denis O’Brien’s Digicel telecoms group is shedding more than 1,500 jobs over the next 18 months in an overhaul of the debt-laden business. The Bermu(...)

Denis O’Brien: Digicel has appointed McKinsey and Goetzpartners as consultants, as it seeks to cut its debt ratio down from 6.2 times earnings. Photograph: Reuters
Digicel hires consultants to help in massive cost-cutting plan

Denis O’Brien’s Digicel Group has started an unprecedented cost-cutting plan and hired financial consultants McKinsey and Goetzpartners to help cut i(...)

A man leaves the Standard Chartered bank building in the Central district of Hong Kong
Standard Chartered posts quarterly loss, to raise $5.1bn

Standard Chartered announced plans to raise $5.1 billion in new capital through a rights issue and cut 15,000 jobs by 2018 as new chief executive B(...)