Bar One Racing, one of the last independent betting chains, has 55 shops around the country. Changes to the betting tax pushed it into a loss, and Covid-19 has caused further uncertainty.
Following an approach by Bank of Ireland, the broker is now set to be put up for sale. It follows a dramatic week for the broker, which saw a €4.1m Central bank fine and the departure of three senior executives.
Kyran McLaughlin sent his equities team a memo in November 2007 as the market was turning. Staff were told to think of the firm’s best interests, protect relationships with large corporates, and not jeopardise commissions by spinning negative stories.
Des Gibson edited four national newspapers. Now running his own consultancy, he reflects on the challenges facing the industry. He talks about the culture in INM, the rise and fall of The Star on Sunday and the snobbery against tabloids.
As it expands aggressively outside the US, the design-centred social network has a new fashionable item to pin to its board: the green jersey tax structure.
The decision to shut the bond desk was not just in response to losing the NTMA’s business. A decision by two of the country’s largest fund managers also forced Davy’s hand. Could Bank of Ireland emerge as its white knight?
Senior regulators from the Central Bank will appear before an Oireachtas committee today. The Davy scandal will be the dominant issue. Here are 16 questions that legislators should ask the bank.
Six years after its transformative acquisition of IFLC, AerCap is going again. It’s reported to be buying GECAS, the Shannon-headquartered world number two lessor, for more than $30 billion. It would be the biggest deal in Irish corporate history.
Brian McKiernan, Kyran McLaughlin and Barry Nangle left their management and board positions at J&E Davy last week but remain central to the stockbroking firm's ownership and control through a web of companies stretching to the Isle of Man and Gibraltar.
By withdrawing its support for Davy, the NTMA has precipitated the closure of the broker's bond desk. But it has also left Davy exposed to an exodus of clients.
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