Irish banks research – BoI announced details of Government Preference Share refinancing

4 Dec 13
Bank of Ireland (BoI) has announced a capital package to refinance the €1.8bn Government Preference Shares via a share placing of €580m (€537m net of expenses) utilising a cash-box structure and ...

Economics – Irish consumer sentiment dips in November

4 Dec 13
Irish consumer sentiment fell back in November from a six year high in the previous month as hard-hit taxpayers determined how another austerity Budget would hit their wallets.<p> The KBC Bank ...

Economics – Ireland’s services PMI falls to 57.1 in November from 60.1 in October

4 Dec 13
Growth in Ireland’s services sector eased in November but confidence hit a seven-year high, a new survey showed on Wednesday, as economic momentum builds before the country exits its EU/IMF bailout ...

Economics – November Live Register data set to show further drop in Irish unemployment rate

4 Dec 13
The official November Live Register figures are due for release this morning. The seasonally-adjusted Live Register fell 3,700 in the month to 409,900 in October, its lowest total since June 2009. ...

Economics – Irish tax receipts e214m ahead of target tup to the end of November

4 Dec 13
The Exchequer posted a deficit of €8,576m in January-November compared with an overall budget deficit of €12,968m in the first eleven months of 2012. <p> Tax revenues in January-November totalled €35,181m, ...

Petroneft Resources – Operations update ~ slight decline in daily production, re~financing yet to be completed

3 Dec 13
Petroneft Resources released an operations update for its operations in the Tomsk region of Western Siberia. The update indicates that average daily production has declined slightly from the 2,500 bopd it ...

Paddy Power – Betfair full year guidance comes in behind estimates

3 Dec 13
Betfair announced H1 2014 results this morning that showed mixed top line trading across divisions but enhanced profitability owing to management successfully taking costs out of the business. Revenue for the ...

Irish banks research – BSA disclosure should allow BoI to move ahead with Preference Share refinancing

3 Dec 13
We believe that BoI felt obliged to update the market with the detailed preliminary results of its Balance Sheet Assessment (BSA) yesterday (in contrast to the brief statements from AIB and ...

Economics – Exchequer Returns in focus today

3 Dec 13
The Department of Finance is this evening due to release Ireland’s overall budgetary position to the end of November. The Exchequer posted a deficit of €10,526m in January-October compared with an ...

Smurfit Kappa – Venezuelan government temporarily take control of Smurfit Kappa subsidiary

2 Dec 13
Over the weekend the Venezuelan government temporarily intervened at Smurfit Kappa’s subsidiary in the country, Smurfit Kappa Carton de Venezuela (SKCV) by occupying the subsidiary. It was reported that the government ...