Fairfax

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Farmer Business Developments plc, FBD’s founder and one of its biggest shareholders, confirmed that it subscribed for €20 million of the €50 million loan notes used in the insurer’s recent restructuring

Insurer FBD Holdings’ original backer subscribed for €20 million worth of loan notes used in clearing a €70 million debt to Canada’s Fairfax Financial(...)

Fiona Muldoon, CEO at FBD. Photograph: Alan Betson

FBD’s stock surged by 25 per cent in the past year, buoyed by better-than-expected profits and mounting speculation that the insurer could become a ta(...)

Ryanair’s shares plunged 12.5 per cent to €11.48. Photograph: Yves Herman/File Photo/Reuters

Ryanair’s profit warning sent aviation shares into a tailspin as European stocks rose generally on news of a US-Canada-Mexico trade pact. DUBLIN Rya(...)

Fairfax has exited its investment in Irish insurer FBD. Photograph: Nick Bradshaw for The Irish Times

FBD Insurance is to purchase and cancel notes worth €70 million held by Canadian financial holding group Fairfax. If exercised, the notes would have g(...)

FBD chief executive Fiona Muldoon. Photograph: Nick Bradshaw

On Monday, FBD chairman Liam Herlihy and the listed company’s board said an independent investigation by law firm William Fry into internal allegation(...)

Fairfax has the right to convert its  bond into ordinary shares from September 23rd at an exercise price of €8.50. FBD’s share price was trading at €10.40 in Dublin on Thursday, which puts Fairfax in line for a €15.6 million profit.

There is a raft of breaking news so far today. Firstly, profits at Ulster Bank jumped to €100 million during the first half of 2018, compared with jus(...)

FBD Holdings chief executive Fiona Muldoon faces an investigation  being carried out on foot of a recent complaint by the company’s human resources director. Photograph: Eric Luke

FBD Holdings has commissioned law firm William Fry the carry out an investigate into internal allegations made against chief executive Fiona Muldoon, (...)

Jacinda Ardern is one of the few elected leaders to hold office while pregnant. File photograph: Marty Ville/AFP/Getty Images

Prime minister Jacinda Ardern of New Zealand gave birth to her first child, a girl, on Thursday, making her the first world leader in almost three dec(...)

US president Donald Trump welcoming back US detainees Kim Dong-chul (left), Kim Sang-duk (Tony Kim) and  Kim Hak-song (right) and after they were released by North Korea, at Andrews air force base in Maryland on Thursday. Photograph:  Nicholas Kamm/AFP/Getty Images

North Korea has granted an “amnesty” to three United States citizens ahead of a planned summit between President Donald Trump and the North Korean lea(...)

CRH said in August it had around €5 billion in cash to spend on mergers and acquisitions over the next 18-24 months.  Photograph: Brenda Fitzsimons

Irish cement producer CRH, the world’s third-largest building materials supplier by market value, had decided not to bid for rival PPC the South Afric(...)

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