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Wednesday 7 June 2023 Dublin: 14°C


All time
High Court approves survival scheme for troubled airline group Norwegian
The group, the court heard had accumulated debts of US$5.2Bn.
# debenhams workers
'Outrageous': Opposition TDs hit out at High Court injunction against Debenhams protestors
The former employees are locked in a dispute over redundancy terms.
# deise 5
'We want action not words': Ex-Debenhams workers end five-day occupation of Waterford store
The ex-workers said they would continue to defend the stock and are turning their attention to KPMG.
# Waterford
Ex-Debenhams workers occupy Waterford store
Workers from around the country have been protesting since April in a dispute over redundancy terms.
# ongoing
Former Debenhams staff protest at KPMG as packers move in at a number of stores
Workers remain defiant as their protests continued for a 166th day today.
# Big Money
Real and Man United remain football's most valuable clubs
Barcelona jumped past Bayern Munich into third place at €3.193 billion.
# Covid-19
Most customers whose travel plans were cancelled amid Usit liquidation will be able to claim refunds
The company’s online operations have been bought by a previous CEO and shareholder.
# High Court
'With great regret': Joint liquidators appointed to Irish arm of Debenhams
A small number of people supporting the Debenham’s workers held a peaceful protest outside the Four Court complex this morning.
# Profit
Manchester United named most valuable football team
The Red Devils’ overall value increased 5% compared to 2017.
# Collapse
UK watchdog to investigate KPMG audits of collapsed building firm
Carillion went bust earlier this month.
# hire me please
These are the companies Ireland's graduates most want to work for
The latest GradIreland survey of employer popularity put accountancy group KPMG top with two Irish banks jumping up the ranks.
# financial hub
KPMG announce 200 new jobs in Dublin
The company are also recruiting 300 graduates for its trainee programme.
# Cork
Receivers regain possession of farm belonging to former Ireland's Fittest Family winners
ACC Loan Management is owed €2.4 million by Peter and Tracey Kingston.
# Social Democrats
Government accused of facilitating tax avoidance by vulture funds
Social Democrats TD Stephen Donnelly told that the government sold a €400 million loanbook for just €80 million
# Liquidation
There's now an unofficial Clerys pop-up shop on Parnell Street
The liquidation store was opened last week by a former Clerys concession holder.
# eye-watering
KPMG are charging a lot of money to liquidate IBRC...
Some consultants for the firm are charging a standard rate of almost €300 per hour to wind down the bank.
# golden circles
Gerry Adams says there were "serious conflicts of interest" in Clerys sale
He wants company law to be changed to protect workers from “rogue employers”.
# locked out
'Treat them with the respect they deserve': Siptu to hold rally in support of Clerys workers
Government ministers say they will do everything in their power to support the 460 former employees of the store.
# SiteServ
IBRC inquiry: Department of Finance reveals details of filing error
Catherine Murphy found out via Twitter, but she’s very happy nonetheless.
# Siteserv controversy
This former minister wants Enda to tell Denis O'Brien to butt out of politics
“I think it’s chilling that the Taoiseach has nothing to say on this, frankly.”
# Not happy
Murphy calls on KPMG to remove itself from Siteserv probe
A Fianna Fáil motion calling for an independent commission to be established has been defeated by the government.
# Conflict of Interest
Alex White: 'Sinn Féin operates on smears ... they can't be taken seriously'
Labour and Sinn Féin clashed over the Siteserv review … again.
# Farce
We tried to find out who Siteserv's shareholders are ... it didn't go to plan
When in doubt, hit the F10 button.
# counting the cost
Here's how much the wind up of IBRC has cost us so far
The details of costs to the State are contained in a report by liquidator KPMG published today
# Done Deal
On the green: NAMA nets €5 million for €80 million Kildare golf resort
Original development costs for Moyvalley resort could have been as high as €80 million.
# Irish Nationwide
Independent review to scrutinise decision not to sue KPMG
Sinn Fein finance spokesman urges swift action to ensure statute of limitations not activated.
# ibrc
Paddy McKillen has repaid loans owed to the former Anglo Irish Bank
IBRC’s liquidators also announced four sales of loan assets worth €1.25 billion.
# Mortgage Arrears
IBRC mortgage holders will still be protected under new deal
Concerns had been expressed about the sale of these mortgages leaving families vulnerable but bidders have agreed to sign up to the Central Bank’s code of conduct.
# ibrc
Noonan: Lists of high-profile Anglo borrowers are ‘to avoid preferential treatment’
Lists of politically exposed persons (PEPs) or high-profile persons (HPPs) were compiled before the bank, now known as Irish Bank Resolution Corporation, was liquidated nearly a year ago.
# Irish Water
Irish Water will spend nearly €86 million on consultants, contractors and legal advice
The new utility company’s submission to the Oireachtas Environment Committee outlines how up to €180 million will be spent to establish it.
Eamon Ryan: Who really won in the ESB dispute?
The key to this issue is whether the ESB will be able to pay pension contributions in 10 or 20 years time. It would be a bitter irony if the dispute itself has made the company weaker and less able to meet those commitments.
# Winning
Explainer: What happens when you win big money on a Lottery gameshow?
What would your strategy be? Would you brave the cameras yourself or nominate a ‘proxy’? Take the car or the cash?
ESB hits out at 'inaccuracies' in reports about pension scheme
Reports over the last couple of days suggested the company had changed the nature of the scheme and failed to tell its auditor KPMG about opposition to the changes from unions.
# ibrc
Data breach involving payments to current and former IBRC staff
Dozens of current and former staff at the former Anglo Irish Bank have been affected by the data breach.
# ibrc
IBRC liquidators writing to borrowers over loans
The borrowers will be updated on the sale of their IBRC loans and collateral obligations.
# Rebel Sell
Four-star Cork hotel put up for sale
The Ambassador Hotel, on the north side of Cork City could be yours for just €1.4 million.
Column: How practising mindfulness can help your work life
Some of the world’s most successful companies are investing in mindfulness training for their employees to help them deal better with stress and workplace challenges, writes Joanne O’Malley
# ibrc
Union now tells IBRC staff to cooperate with NAMA over new roles
The Irish Bank Officials Association is now telling its members at IBRC to cooperate with NAMA if they are interested in roles there having previously said it was “imperative” that they did not cooperate.
# Insider Trading
KPMG fires partner in LA office for allegedly sharing insider trading tips
KPMG have now resigned as the auditor of Herbalife “as a result of this individual’s behaviour”.
# ibrc
Noonan insists IBRC staff can only get statutory redundancy
Staff at the former Anglo Irish Bank have seen previously agreed redundancy packages invalidated following the dramatic liquidation of the financial institution in February.