AIB and Bank of Ireland are facing combined losses of €1.6 billion plus over the next two years, a new report forecasts.

Davy Stockbrokers has been instructed to withdraw investments it made in a credit union.

TWO pretty negative reviews of the economy in recent weeks suggests it’s going to be a white-knuckle ride for the property sector in particular, resulting in the lowest growth performance for the Irish economy since 1991.

ECONOMIC growth will plunge to its lowest level since 1991 this year as the housing crisis hits the economy hard.

STRONG lending to its core client base has caused Anglo Irish Bank to raise its profits target for its financial year ending September 30.

THE reports out today on the economy from Friends First economist Jim Power and the Central Bank take a different view on the health of the exchequer returns.

THE High Court has ruled that Davy Stockbrokers should pay a former employee bonuses due to him.

THE ISEQ 100 is set to rise by 20% for the fourth year in a row and still offers significant value to investors, according to a new report.

THE recent rise in mortgage and energy rates has driven the cost of living to its highest level in almost four years, with more bad news on the way.

GROWTH forecasts for the economy have been increased by a full 1% to 6% by Davy Stockbrokers as over €5 billion of SSIA money is set to be unleashed on the economy.

LOSS of competitiveness remains a serious issue for the economy, particularly indigenous industry, where up to 13,000 jobs have been lost in the past two years.

Ian Guider

PADDY POWER has become one of the largest online poker websites in the world, according to new research.

MORE than 30,000 of the 77,000 new houses built in 2004 are vacant, according to a stockbroker.

Allied Irish Bank chief executive Michael Buckley was never expected to make it this far, but AIB’s recent record results and successful Polish push suggest he might make it to retirement, Kyran Fitzgerald reports.

RYANAIR has been given an end-of-year price target of €8.40 by Davy Stockbrokers in advance of the publication of the airline’s third quarter results in 12 day’s time (shares closed down 1.64% at €7.18 yesterday).

FINANCIER Dermot Desmond “gave us what we wanted” when he agreed to underwrite 60% of Esat Digifone, former consortium non-executive director John Callaghan told the Moriarty Tribunal yesterday.

KINGSPAN Group, the largest Irish maker of flooring and insulation boards, has been awarded $40.1 million (€33.9 million) in damages in a major US judgment.