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Allied Irish Banks has said it redeemed €1.5bn of preferred securities as part of an exchange offer. AIB bought back two issues of subordinated notes in euros and one denominated in pounds, the bank said today in a statement.
Tags: preferred securities, AIB, Ireland, Dublin, Subordinated debt, Bonds, Finance, Allied Irish Banks, Business Finance, Credit, Bank, Debt
Anglo Irish Bank is seeking repayment of loans valued at about €8m from former Chief Executive Officer David Drumm, lawyers for the company said. The bank also wants to challenge an attempt by Drumm to sign the full ownership of a house in the city to...
Tags: David Drumm, Anglo Irish Bank, Ireland, Dublin, Loan, Sean FitzPatrick, Da, Accounting scandals, Business Finance, Financial regulation, Anglo Irish Bank hidden loans controversy
Broadband access for businesses remained high in 2009, with 84 per cent of companies using high-speed internet connections to go online. The latest information society statistics from the Central Statistics Office showed that 95 per cent of all enterprises...
Tags: Ireland, Dublin, Modem, Broadband Internet access, Digital technology, Dial-up Internet access, Broadband, Business Finance, Digital subscriber line, Technology Internet, Telecommunications, Internet
Mouse Morris is planning to give War Of Attrition a run over hurdles with a view to a tilt at next year's Aintree Grand National . The 2006 Cheltenham Gold Cup winner travelled strongly for a long way in the Hennessy Gold Cup at Newbury last month, but...
Tags: gold cup, Aintree Grand National, Ireland, Dublin, allnews, Punchestown Racecourse, Moscow Flyer, Grand National, Lexus Chase, Mouse Morris
Germaine Greer has often made the point that she developed her "eye" for paintings through the holy pictures provided by the Irish nuns at her convent school in Australia. I remember similar holy pictures, profusely distributed at my own convent school...
Tags: holy picture, European, europeans art, Ireland, Dublin, Artists, Art, Christendom, Christian art, Ecclesiology, Germaine Greer, Pope, Religion Belief, Aesthetics
The Pope's Ambassador to Ireland today said the Vatican was ashamed by the devastating findings of a damning inquiry into clerical sex abuse in Dublin. Papal Nuncio Archbishop Giuseppe Leanza expressed his shock and dismay at the Murphy Report into paedophile...
Tags: abuse scandal, Dublin, Limerick Donal Murray, sex abuse, Vatican, Ireland, Pope Benedict XVI, Federico Lombardi, Irish Catholic Church, Roman Catholic Church sex abuse scandal, Catholic sex abuse cases, Religion Belief, Diarmuid Martin, Pedophilia, Ferns Report, Catholic sexual abuse scandal in the United States, Child sexual abuse, Denial, Politics, Sexual abuse, Sexual abuse scandal in the Catholic archdiocese of Dublin, Paul McGennis, Social Issues, Pope Benedict XVI, Giuseppe Leanza, Commission to Inquire into Child Abuse, Catholic sexual abuse scandal in Ireland, Child abuse, Bernard Francis Law
Independent News and Media has sold its stake in German website Verivox for €18.3 million. The 49 per cent stake in Verivox, which is an online price comparator for energy and telecom services, has been bought by a subsidiary of Oakley Capital Private...
Tags: Verivox Holdings Ltd, INM Outdoor, Ireland, Dublin, Independent News & Media, Business Finance, Gavin O'Reilly, O'Reilly Foundation, Ciara, Debt, Earnings before interest taxes depreciation and amortization, GMAC, Denis O'Brien
The survey from KBC Bank also reveals that house prices have fallen by 36pc on average from their peak. Research in the report, based on the views of mortgage brokers, indicated there were signs that a bottoming out had begun, but brokers said they did...
Tags: Ireland, Dublin, Mortgage, First-time buyer, Mortgage broker, Real estate, Business Finance, Economy of the Republic of Ireland, Real estate economics
Anglo Irish Bank 's head of lending in Ireland has become the latest top executive to signal his intention to leave the bank. Pat Whelan, who has been with the group for over 20 years, stepped down from the group's board a month after its nationalisation...
Tags: Patrick Honohan, Ireland, Mr Honohan, Dublin, central banks, Business Finance, Financial services in the Republic of Ireland, Allied Irish Banks, Bank of Ireland, National Asset Management Agency, S corporation, Garda Sᅢᆳochᅢᄀna, Politics, Types of companies, George Osborne, Anglo Irish Bank hidden loans controversy, Public finance, National Irish Bank, Chief risk officer, Offshore finance, Northern Europe, Financial Regulator, Whelan, Finance, Western Europe, Bank, Republics, Tax, Northern Bank, Financial regulation, Anglo Irish Bank
The Dublin-headquartered company said its AT-2 well on the Ain Tsila field of the Isarene permit flowed gas at 4.9 million standard cubic feet a day, in line with expectations.
Tags: large volume, Ireland, Dublin, Environment, Sonatrach, Hydrocarbon exploration, Petroleum, Business Finance, Energy in the United States