Today's sale of shares in Finance Ireland to UK investors valued the business at €255 million. The deal emphasised the strength of the non-banks relative to legacy banks.
The Irish state has a significant exposure to Swrve, an Irish software company that has raised $140m from a host of backers. However, losses continue to mount, and the company is now forecasting to run a cash deficit for the next 12 months.
As managing partner of Mazars, Tom O’Brien leads a growing firm in an industry in flux. In this interview, he talks about being a liquidator during the crash, his ambitions for Mazars and the outlook for the Irish economy.
A six-year battle between Kerry Co-op milk suppliers and Revenue has come to an end in the High Court. The right to subscribe to “patronage shares”, although a receipt of regular trade, will not inflate the farmers’ income tax bills.
Through a series of mergers and demergers in the last decade, a global pharmaceutical manufacturer became Irish. To defend itself against a Vat claim, it had to reveal the details of the scheme.
Dublin logistics software company Principal Systems Ltd is suing for more than €1 million after the companies it took over lost a major customer. Claims of negligence, breach of warranty and misrepresentation are denied.
The River House Hotel in Dublin was set to change hands from father to son in 2017. But when the father got cold feet and decided to take it back, his son, and his wife, brought him to court.
After reporting stalled growth and heavy losses in 2020, Devenish Nutrition returned to profit last year. The group needs this to sustain growing indebtedness as it continues to bet on developing technologies.
The story behind the collapse of the German payment company Wirecard takes in accounting fraud, Russian mercenaries, shady ex-coppers, Turkish thugs and football agents.
Jim Fitzpatrick believed the nationalist community in Northern Ireland had to demand equality, but there were no circumstances, no levels of institutional malevolence, that could, for him, ever condone non-peaceful, unlawful, means.
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