News

Profits before tax at Irish listed financial firm IFG fell by 26pc last year to £6.4m(€7.3m), according to preliminary results for 2016 released this morning. Adjusted profit at the company fell by 14pc to £10m(€11.5m) last year, while earnings per share dropped by 7pc over the course of the year. IFG said it had incurred […]

A FUND run by former executives at Goldman Sachs has received €50m from the Irish Strategic Investment Fund (ISIF) to develop financial services jobs in Ireland. Reverence Capital Partners Opportunities Fund is run by former Goldman bankers Milton Berlinski, Peter Aberg and Alexander Chulack. The firm is an investment fund that focuses on middle market […]

Inflation in the United Kingdom crashed through the Bank of England’s 2pc target last month, pushed up by rising food and fuel prices. The data highlights in part the impact the Brexit vote has had on the pound. Consumer prices increased by 2.3pc – faster than expected by economists – and marking the biggest annual […]

An initiative that aims to encourage and support Irish entrepreneurs has thrown a little more bait in the pool to entice more ambitious minds. Social Entrepreneurs Ireland are now adding an extra €5,000 to the winnings that applicants can vie for as part of their 2017 Awards Programme The DCC supported project recognises and rewards […]

Japanese bank Nomura has narrowed down its hunt for a post-Brexit European subsidiary, with Frankfurt reportedly emerging as the frontrunner in the latest vote of confidence in the German financial hub. Nomura serves the bulk of its European clients through its regional head offices in London, but the Press Association has reported that it is […]

The European Central Bank (ECB) has said it expects banks with high levels of unpaid loans to submit “ambitious and realistic” plans to bring them down, as it published guidelines on non-performing loans (NPLs). The project to address high levels of NPLs is being spearheaded by the deputy governor of the Irish Central Bank, Sharon […]

Irish banks are “largely recovered” from the crash, ratings agency Standard & Poor’s said yesterday. However, “scope for profit growth” may be limited because provisions that were made against bad loans during the financial crisis have already been released, and there is now less of that money to come. Irish banks’ capital and liquidity positions […]

Agents Knight Frank are seeking offers in excess of €1m exclusive for a mixed-use commercial investment in the south Dublin suburb of Tallaght. The Village Square, Tallaght, is fully let and comprises two separate blocks of retail and office units. Knight Frank are offering a portfolio of multiple commercial units comprising two retail units and […]

Deutsche Bank said it will raise €8bn in a planned capital increase as the lender seeks to shore up its finances. The German bank will issue 687.5 million new shares at €11.65 each, Deutsche Bank said in a statement yesterday in Frankfurt. That is a discount of about 35pc compared to Friday’s close. The underwriting […]

For the disillusioned professional fed up with the 9-6 grind, navigating office politics or managing thankless workloads, ditching the commute and striking out alone as a self-employed contractor, whatever the field, is an exciting prospect. While not a new phenomenon, this trend is becoming particularly apparent across industries such as banking and finance, construction, technology […]