BUSINESS - BREAKING NEWS

Bank of Ireland has made a profit for the first time in five years.

BUSINESS - IRISH EXAMINER

Brendan Keating: Improvement in the port's fortunes are mirroring a slow but steady turnaround in the economy.

Port of Cork profits surge 30% to €1.74m

The Port of Cork increased its profits by almost 30% last year, according to new figures released yesterday. This story is enriched with multi-media content

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Ulster Bank chief executive Jim Brown

Ulster Bank’s first profit in 6 years

A huge reduction in the cost of mortgages in arrears helped Ulster Bank to its first profit in six years, it was announced yesterday.

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Group chief executive Richie Boucher and group chief financial officer Andrew Keating at the Bank of Ireland interim results to the end of June 2014. Picture: Gareth Chaney Collins

€700m swing in fortunes as BoI reports pre-tax profit

Bank of Ireland saw more than a €700m positive swing in fortunes in the first half of the year, generating an underlying pre-tax profit of €327m.

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‘Skeff’ owners pull in €1.5m despite €4m tax settlement

The three owners of the Skeffington Arms Hotel in Galway last year had a dividend of €1.5 million as the Revenue reached a €4m tax settlement with the business, new figures show.

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Argentina's economy minister Axel Kicillof. Argentina is the first nation to trigger default swaps since Greece restructured its debt in 2012. Picture: AP

Argentina’s failure to pay bond interest to trigger default insurance settlement

Argentina’s failure to pay interest on its bonds is a credit event that will trigger settlement of $1bn of default insurance, according to the International Swaps & Derivatives Association.

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90% of BOI customers with restructured loans are meeting their commitments

Up to 90% of Bank of Ireland’s 20,000 mortgage customers whose loans are currently in restructuring mode, are meeting their commitments, the company revealed yesterday.

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Challenging conditions hit Mars Food sales and profits

Extremely challenging trading conditions at the Irish arm of food giant Mars last year contributed to a slump in sales and profits.

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