Today in the press

Today in the press

28 Aug Former Irish Nationwide chief executive Michael Fingleton will insist the building society was solvent on the night of the bank guarantee, according to The Irish Times, despite the fact that bailing it out would eventually cost the State more than €5 billion.

Positive economic data from the US could increase the odds of an interest rate rise - but many feel recent volatility will stop that

World markets up as traders digest economic data

27 Aug US markets have risen sharply in early trade, a day after posting their biggest one-day gain in four years, as data showed the US economy grew faster in the second quarter than initially thought.

Irish Nationwide was nationalised in 2010 after receiving a €5.4 billion bailout

Central Bank inquiry into INBS challenged

27 Aug A former executive director of Irish Nationwide Building Society has launched a High Court challenge to the constitutionality of the Central Bank's inquiry into alleged regulatory breaches at the financial institution.

Consumer spending, along with higher investments, contributed to the stronger figure

US Q2 economic growth revised upwards

27 Aug The US economy grew much stronger than first estimated in the second quarter, at an annual rate of 3.7%, the country's Commerce Department has reported.

The number of homes being built in Ireland is well below pre-crash levels and lagging behind demand

Firms eye slow return of house building

27 Aug A severe housing shortage - identified by the Government as one of the main threats to a recovering economy - is being tackled but a turnaround will take time, some of the country's largest building firms have said.

Net sales of Jameson rose 10% in the year to the end of June 2015

Jameson sales boost Pernod Ricard's revenue

27 Aug Spirits group Pernod Ricard has seen its sales rise by 8% to almost €8.56 billion in the year to the end of June, with the company enjoying growth in most parts of the world.

A pick up in building activity in Britain and Ireland has boosted Grafton Group's revenues

Grafton Group sees profits jump by 31%

27 Aug Builders merchant Grafton Group has reported a £47m rise in its profit after tax for the first half of the year, up 31% on the same period of 2014.

The betting sector has seen a wave of consolidation in recent months as companies seek to boost their online performance

Bwin asks GVC to table its best offer

27 Aug Online gambling company Bwin.party has asked GVC Holdings to table its best offer for the business after the duo addressed key concerns over the suitor's latest £1 billion approach.