Kenmare Resources – Short term outlook remains uncertain

12 Dec 13
We have reviewed our forecasts to reflect recent operational disruptions. We have reduced our FY13 and FY14 production forecasts by 10% and 5% respectively. Our cost estimates and underlying market outlook ...

Grafton – Admission to the FTSE 250

12 Dec 13
As a was widely expected, the FTSE EMEA committee confirmed after the close of business yesterday that Grafton is to be admitted to the FTSE 250 Index with the changes implemented ...

Irish banks research – ECB to take tough approach to sovereign bond holdings

12 Dec 13
In an interview with the FT (12 December) an ECB Executive Board member (Peter Praet) suggested that the European bank stress test may take a tough approach to sovereign debt holdings, ...

Economics – Irish headline inflation rate likely to have risen in November, but price pressures still benign

12 Dec 13
The domestic economic focus this morning turns to the consumer price index for November. Inflationary pressures continue to remain fairly subdued. Prices were 0.2% lower in the month in October, pushing ...

Irish banks research – Ptsb confirms provisions to rise following BSA, though capital won’t be impacted by DTAs

11 Dec 13
The CEO of ptsb (Jeremy Masding) confirmed to the Irish Times that the bank is to take additional provisions following the Central Bank of Ireland’s (CBI) Balance Sheet Assessment (BSA). Mr. ...

Tullow Oil – Tultule~1 well dry, not significant on valuation, delays extension of rift basin play beyond South Lokichar

9 Dec 13
Tullow Oil announced that the Tultule-1 wildcat well in the South Omo block onshore Ethiopia will be plugged and abandoned as a dry hole. The well was targeting a reservoir section ...

Economics – Irish construction PMI eases back to 58.8 in November from 59.4 in October

9 Dec 13
Increases in the rate of job creation and business sentiment reached their highest level last month since the Ulster Bank Construction PMI report began in 2000. However, the headline index fell ...

Aer Lingus – Pension update

6 Dec 13
Aer Lingus has provided an update to the current pension arrangements for the airline. It has come to the attention of Aer Lingus that SIPTU has communicated to its members at ...

Irish banks research – EC Vice President (Almunia) comments on AIB and ptsb restructuring plans

6 Dec 13
At a speech yesterday in Dublin on the Single Resolution Mechanism (SRM) the Vice President of the European Commission (Joaquín Almunia) indicated that the approval of ptsb’s restructuring plan should be ...

Economics – ECB sees prolonged lack of inflation, ready to act

6 Dec 13
Eurozone inflation will stay well below target for the next two years and the European Central Bank is ready to act if necessary to lift a listless economy, it said on ...