Bank of Ireland has sold its asset-management arm to State Street Global Advisors for €57m.

BANK of Ireland’s raising of £300 million (€344m) in a three-year bond was described yesterday as apositive development by a leading Irish banking analyst.

IRISH Life & Permanent (IL&P) was one of the strong climbers on a generally good day for the ISEQ yesterday, on the back of a better-than-expected set of interim results and a determined outlook on potential acquisition activity.

INTERNATIONAL financial services company State Street is understood to be interested in acquiring Bank of Ireland Asset Management (BIAM), although an execution of the deal is not anticipated in the short-term.

BANK of Ireland’s first-half losses were not as bad as some analysts forecast, and that in itself is good news for the group that has been slowly clawing its way back from the abyss.

BANK of Ireland is to axe a further 750 staff after receiving approval from the European Commission for a major restructuring plan.

BANK of Ireland plans to sell off such assets as ICS Building Society and New Ireland Assurance in a move the Unite union said will put 1,000 jobs in jeopardy.

THE ISEQ index dropped 4.49 points to close at 3,337.69. Bank of Ireland said it expects to sell some of its business divisions in order to gain European Commission approval for its State aid and restructuring plans.

IT’S war – the phoney peace has ended – Denis O’Brien has the O’Reillys in his sights and this time there will be blood on the floor.

THE decision by the Irish Association of Investment Managers (IAIM) to put forward a bank recapitalisation programme will give the private equity players stalking the banks food for thought as they scramble to secure significant holdings in some of the country’s troubled institutions.

Bank of Ireland has abandoned its search for a strategic partner for its asset management arm and is scaling back the division’s international operations, the bank said yesterday.

Bank of Ireland Asset Management said today that its indexation business in Ireland now manages in excess of €10bn on behalf of Irish institutional investors.

THOUSANDS of vulnerable people have received a reassurance from the Courts Service that €1 billion it invested on their behalf has escaped the worst of the worldwide stock market turmoil.

A TOTAL of €932 million has been invested on behalf of people for whom the Courts Service has been holding money.

THE family of missing man Trevor Deely are convinced there is somebody out there who can end their heartache.

Bank of Ireland Asset Management completed the purchase of a prime fully-let office investment in the centre of Amsterdam for about €50 million.

BANK of Ireland Asset Management (BIAM) has made three new appointments.

SHARES in Boundary Capital, the investment vehicle controlled by Niall McFadden, will begin trading on the Dublin and London stock markets.

Bank of Ireland Private Banking today announced the appointment of Kevin Quinn to director with responsibility for Investments & Pensions.

THE National Pensions Reserve Fund (NPRF) has awarded new passive equity mandates and plans to invest €590 million in two S&P 500 index-plus products and €190m in currency funds.

Bank of Ireland today announced a new investment business structure with the appointment of three new managing directors at Bank of Ireland Asset Management (BIAM).

THERE was an average rise of 0.2% in Irish Pension Managed Funds in June, according to figures released yesterday by Mercer Investment Consulting.

THE advice given to those trying to deal with the pensions crisis in Ireland is stop talking about it.

THE National Pension Reserve Fund (NPRF) is to put out a tender for managers of its €6 billion passive equity portfolio.

BANK OF IRELAND began repairing its dented asset management business yesterday by spending $184 million (€153m) to take control of a specialist American fund manager.

BANK OF IRELAND’S asset management arm has suffered a €16 billion meltdown as key North American clients stripped it of business on the back of a poor investment performance.

PENSION fund managers had a strong third quarter with the average fund growing by 5.6%, according to industry figures published yesterday.

BUILDINGS management specialist Irish Estates is to list on the Dublin stock exchange’s secondary market at the end of the month, it was announced yesterday.

SINCE day one the markets have said the shareholding of the daughters of PV Doyle and their close associates would ultimately determine the future of the Jurys Doyle Group.

BANK OF IRELAND’S asset management arm has lost almost 60% of its crucial North American business in just 12 months, new figures show.

BANK OF IRELAND Asset Management has named Olivier Santamaria as managing director of Bank of Ireland Asset Management (UK).

The ISEQ closed up 15.99 points at 6618.92 this evening.

The ISEQ index has begun the week in buoyant mood, surging 40.84 higher in morning trading today to 6,643.77.

Bank of Ireland Asset Management today announced two further senior appointments to its investment team.

THE outlook for equities is positive for 2005, according to Bank of Ireland Asset Management (BIAM), the bank’s troubled investment management business.

THE country’s leading property management and facilities management companies have been snapped up by a group of private investors in two deals believed to be worth €30 million.

Paul Boyne, managing director with Morgan Stanley Investment Management in London, is joining Bank of Ireland Asset Management as a director.

FOUR of Bank of Ireland’s top asset management employees have jumped ship to share a €16 million windfall with an Australian-owned rival.

Bank of Ireland Asset Management (BIAM) announced a number of changes to its asset management team.

Bank of Ireland Life (which incorporates New Ireland Assurance), Ireland's leading retail life and pensions provider, today announced results for the half-year to 30 June, 2004.

Eircom is expected to join the Dublin and London stock markets today at a price of €1.55 per share after the board gave it a market capitalisation of €1.1bn last night.

Irish Life Investment Managers topped a survey of Irish pension fund investment managers in 2003.

THE Simon Community yesterday urged businesses to help fight homelessness. The ‘House of Cards’ Appeal campaign encourages businesses not to send Christmas cards, but instead make a donation to Simon.