Business World

Friday 23 March 2018

Deutsche makes stock sale inquiry


Deutsche Bank. Photo: Getty Images
Deutsche Bank. Photo: Getty Images

Deutsche Bank is said to have approached investment banks to assess their interest in managing a stock sale to raise as much as €9bn. The proceeds may be used to increase the bank's stake in Deutsche Postbank and to meet rising regulatory capital requirements.

Insurance firms fined €26,600 each


THE FINANCIAL Regulator has levied fines of €26,600 each against two insurance providers, Inveralmond and Creation, both based at the same address in Dublin 2. The fines were for failure to maintain minimum levels of funds under EU rules on non-life insurance undertakings.

Morrisons looks at online market


BRITISH supermarket chain William Morrison, where Irishman Dalton Philips took over as chief executive six months ago, has confirmed that it's exploring the introduction of online shopping. Morrisons recorded a 14pc rise in its underlying pre-tax profit, to £410m (€498m) for the six months to the beginning of August,.

Circle Oil repairs flood damage


CIRCLE Oil, the international oil and gas exploration, development and production firm, said that following winter flooding in Morocco, existing access roads to its Sebou Permit have been repaired and new access roads and concrete drilling bases for the first three wells in its five-well programme have been completed.

PetroNeft begins year-round work


OIL AND gas explorer PetroNeft Resources has said that year-round production has commenced at its Licences 61 and 67 in the Tomsk Oblast, Russian Federation, with eight of the scheduled nine wells drilled..

Irish Independent

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