(Alliance News) - Permanent TSB Group Holdings PLC on Wednesday said its annual outturn was helped by rising interest rates, with the lender also expecting the takeover of Ulster Bank Ireland DAC assets to boost its fortunes in 2023. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The Irish government has approved plans to ease restrictions on pay and bonuses for staff at three banks bailed out by the Irish State. Read More
(Alliance News) - Permanent TSB Group Holdings PLC on Friday hailed a "very strong" year-to-date performance, though it said costs are on the rise. Read More
AIB Group PLC- Dublin-based bank - The Irish government further trims its majority holding in AIB, selling a 5% stake, Minister for Finance Paschal Donohoe announces. Ireland now owns 57% of the lender, down from 62%. Goldman Sachs International, Goodbody Stockbrokers and JP Morgan Securities act as joint bookrunners for the placing. Shares are sold at EUR2.96 each, raising EUR396.6 million for Irish taxpayers. The money will be passed from the Ireland Strategic Investment Fund to the Irish exchequer. Dublin won't sell any further shares for at least 90 days, or for 60 days under its trading plan. Read More
Permanent TSB Group Holdings - Dublin-based personal and small business bank - Says wholly-owned subsidiary Permanent TSB PLC completes acquisition of Ulster Bank Ireland DAC's performing non-tracker residential mortgage business. Portfolio acquired comprises loans with value of EUR6.2 billion. EUR5.2 billion to be migrated on Monday. Remaining EUR1 billion expected to migrate in second quarter of 2023, no later than fourth quarter of 2023. Permanent TSB will receive around 56,000 mortgage customers connected to around 36,000 accounts. The transaction has increased the size of Permanent TSB's mortgage book by approximately 40%. Read More
(Alliance News) - Ireland's Central Bank Governor has indicated that it could take measures to delay the withdrawal of two banks from the Irish market as customers face difficulties in making the switch to new providers. Read More
(Alliance News) - Bank of Ireland Group PLC on Friday said it has returned to full private ownership, as the Irish government has sold its remaining stake in the Dublin-based lender. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
(Alliance News) - Bank of Ireland Group PLC on Wednesday named Gavin Kelly as its interim chief executive officer, effective from Saturday, as it continues the hunt for a permanent hire. Read More
(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
Permanent TSB Group Holdings PLC - Dublin-based personal and small business bank - Says business and financial performance strong in first quarter, with new lending volumes of EUR500 million up 11% year-on-year and transactional banking income also higher. Net interest income is broadly flat from the previous year, the bank says. Outlook for the full year is unchanged, with net interest income set to grow, but net interest margin to remain at the low 150 basis points range, due to "retaining higher levels of excess liquidity with negative yields until the final quarter of the year". Operating costs are also expected to be around 12% higher for the full year. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More
IN BRIEF: Permanent TSB Chair Robert Elliott to step down in 2023 Read More
TOP NEWS: NatWest progresses Ireland exit with Permanent TSB deal Read More
LONDON MARKET PRE-OPEN: UK retail sales up; Johnson Matthey sells unit Read More
TRADING UPDATES: Permanent TSB sells loan portfolio; Dekel output up Read More