Today in the News

Unemployment in Spain rose 0.45% in September from August, the second monthly increase in a row after six months of declines. Central Bank of Ireland is considering imposing limits on the income multiples financial institutions here use when giving residential mortgages. Sixty-three SMEs supported by cross-border business development body InterTrade Ireland have generated trade worth €20m to the Irish economy. According to economists at Goodbody Stockbrokers the Irish economy will grow by 5.3% this year.

Oct 2, 2014, 09:00 AM

Upcoming Creditors Meetings and Recent Appointments

Creditors meetings taking place from the 29th September to 3rd October and the most recent appointments.

Sep 26, 2014, 14:39 PM

Hotels selling for well above asking price

In June a portfolio of three hotels were put on the market for €30m- Malton Hotel in Killarney, The Gresham Metropole Hotel in Cork and the Kilkenny  Ormonde Hotel.  Savills were the agents over the hotels, which were put on the market by NAMA.

Sep 26, 2014, 11:44 AM

R3 research: Rise in 'Zombie' companies

According to research by insolvency trade body R3, who are the trade body for Insolvency Professionals in the UK, made up of 97% of the UK’s Insolvency Practitioners, the number of businesses just paying the interest on their debts – a key characteristic of ‘zombie businesses’ – has jumped from 103,000 in November 2013 to 154,000. Which is the highest number of businesses in this position in eighteen months.

Sep 26, 2014, 10:44 AM


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