Avello, which runs some of Waterford’s best-known bars and nightclubs, has sought court protection from its creditors. An examiner has now been mandated to restructure the company’s debts and source new investment.
This week, AIB and Bank of Ireland announced enormous write-downs on the value of their loan books. There are two possible explanations – one is good, the other is worrying. Just what is going on?
For the first time in five years, new renewable electricity generation sites have been selected to receive government support, unlocking a new wave of pent-up investment, construction and corporate deals in the sector.
Another day, another multi-billion dollar liquidation of a healthy Irish subsidiary by a multinational. Western Digital has taken advantage of US tax breaks to repatriate profits accumulated over the past 15 years by the popular brand of USB drives.
The market has wiped 27% off the value of FBD since March, with investors concerned about the insurer’s potential exposure to Covid-19 business interruption claims. FBD puts the figure at €30 million, but many believe the figure would be a multiple of that.
Sabina Murphy worked 14 years as a civil servant including with the Revenue Commissioners. Then the Criminal Assets Bureau secured freezing orders against her bank accounts.
A number of the 78 members of the FAI are concerned about the power of independent directors on its board. New research concludes that the reputation of football's governing body has been “severely damaged” as the association prepares for a crunch meeting.
It employed no staff and paid no tax. But, by shuttering a low-key Irish subsidiary, the food giant Kraft Heinz has unlocked a tax efficient structure to repatriate €3.2bn back to the US.
Pastry chef Gráinne Mullins has worked in some of the most prestigious kitchens in Europe. But the economy went into lockdown, she discovered she wanted to do something a little bit different and decided to create her own business venture, Grá Chocolates.
In 2008, a liquidator was hired to wind up a prosperous Irish owned printing business whose shareholders had fallen out. It was meant to solve their problems. Then the liquidator found himself in the firing line.
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