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The National Asset Management Agency (Nama) plans to return 5.5 billion euros to the state when it closes at the end of the year, exceeding an earlier estimate of 5.2 billion euros. The state-owned “bad bank” created in 2009 used…
A Dublin-based subsidiary that runs the world’s most visited adult site Pornhub has said a US lawsuit alleging the company distributed child sexual abuse images is “without merit”. Data from new and legacy reports from Aylo Billing Ltd show revenue…
The new administration of US President Donald Trump has added Ireland to its “watch list” of countries to be closely monitored for currency manipulation. In its currency report for the first half of Trump’s second term, the Treasury Department said…
Economic growth increased 9.7% in the first three months of the year, boosted by a surge in technology and pharmaceutical exports to the United States ahead of tariffs imposed by President Donald Trump. The strong gain in gross domestic product…
The son-in-law of billionaire John Magnier has denied claims he “fraudulently” set up the sellers of the Barn estate by bidding on the Co Tipperary property before a proposed €15m deal fell through. In the High Court, Mr Magnier’s son-in-law…
Scandinavian developers Pandox AB and Eiendomsspar AS have jointly made a bid to acquire Ireland’s largest hotel group Dalata for €1.3 billion. Dalata operates 55 hotels under the Maldron and Clayton brands, primarily in Ireland and the UK, with plans…
The Marks and Spencer chief executive’s pay has risen significantly to £7.1 million (€8.4 million) after he led the retailer as it dealt with the aftermath of a devastating cyber attack. Stuart Machin, who will be CEO of the retail…
Czech energy company EPH, backed by Daniel Kretinsky, and Japanese trading company Itochu are expected to submit preliminary bids for Irish utility Energia Group, according to two people familiar with the matter. Other potential candidates include investors Ardian, Asterion and…
Ryanair CEO Michael O’Leary is targeting more than €100 million in share bonuses. The company’s long-time leader was given the option to exercise stock options after the Dublin-based firm’s shares hit a six-year target. The low-cost carrier’s shares have met…
Billionaire John Magnier has told the High Court that a cross-examining lawyer “tried to paint me in a negative light” in a trial in which he claims he negotiated the purchase of land in County Tipperary that ultimately fell through…