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News

Eight potential bidders prevented from entering race for €1.6bn portfolio

Several investment firms that expressed an interest in the controversial Project Eagle deal were excluded from bidding.

Nama launches €3bn loan sale despite watchdog criticism

Nama has shrugged off criticism from the State’s most powerful spending watchdog by launching a €3bn loan sale, the Irish Independent has learned.

Business travellers bet on Ireland escaping Brexit fallout

The effect on Ireland of the Brexit referendum may not be as bad as first feared, according to a survey of foreign business travellers to Ireland.

‘Perfect addition to our collection’: Gresham Hotel sold for €92m

The €92m sale of the Gresham Hotel in Dublin to Spain’s Riu group has been completed.

EU air rules could drive Ryanair’s investors from UK

Ryanair’s ownership structure could come under pressure following Brexit if UK investors in the airline are considered non-European Union residents for the purposes of shareholding rules.

Nightline adds 150 new jobs in €3m investment

Logistic and delivery service Nightline has created 150 new jobs as part of a €3m investment by the firm.

Irish software firm bought by NASDAQ listed Amdocs

Irish software start-up company Brite:Bill has been bought by NASDAQ listed Amdocs in the latest successful exit for Irish venture capital investors.

Irish economy grew by 0.6pc in the second quarter – CSO

The Irish economy grew by 0.6pc in the second quarter of the year, according to CSO figures released this morning.

Porsche is sued over Volkswagen emissions scandal

Porsche SE, the main shareholder of Volkswagen, is facing lawsuits from investors claiming the firm did not disclose the financial risks of VW’s emissions scandal uncovered a year ago.

Oil glut now forecast to continue into next year

OPEC raised its forecast of oil supplies from non-member countries in 2017 as new fields come online and US shale drillers prove more resilient than expected to low prices, pointing to a larger surplus in the market next year.

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