Irish Life & Permanent

Irish Life & Permanent 08/02/2012

11:19 : Court told that pair fighting IL&P bailout have no right to bring action - TWO shareholders challenging the near-nationalisation of Irish Life & Permanent (IL&P) have no right to bring their actions because they did not hold any shares in the company when their actions were mounted, lawyers for ...

Source : independent-ie

Irish Life & Permanent 02/02/2012

13:03 : IL&P investor not allowed to represent own firm in bailout court battle - AN investor whose company bought €200,000 worth of Irish Life & Permanent (IL&P) shares in 2010 is not legally entitled to represent the firm in a court challenge to the Government's €2.7bn recapitalisation of the bank, a ...

Source : independent-ie

Irish Life & Permanent 01/02/2012

10:22 : IL&P bailout hearing delayed as judge considers party status - THE substantive issues in legal challenge to the €2.7bn bailout of Irish Life & Permanent won't be heard until later this week after a High Court judge yesterday said he would first consider whether one of the plaintiffs ...

Source : independent-ie

Irish Life & Permanent 31/01/2012

12:16 : Court challenge to IL&P bailout - A FOUR-day hearing into the €2.7bn bailout of Irish Life & Permanent (IL&P) will begin today as a group of shareholders protest the massive dilution of their stake in the bancassurer. v

Source : independent-ie

Irish Life & Permanent 15/12/2011

11:50 : IL&P expects over 10 bids for UK loan book - IRISH Life & Permanent is expecting more than 10 bidders to table first-round offers for its £6.8bn (€8.1bn) UK loan book by the end of this week, while a "handful" are set to submit final bids for the sub-prime ...

Source : independent-ie

Irish Life & Permanent 10/12/2011

05:21 : New roles for Irish Life and Permanent execs ahead of separation - IRISH Life & Permanent has begun divvying up its senior 'group' executives between Irish Life and the Permanent TSB bank in preparation for the operations' formal separation next year.

Source : independent-ie

Irish Life & Permanent 27/11/2011

15:24 : Ireland confident Irish Life bill will be last - DUBLIN, Nov 27 (Reuters) - Ireland is confident that the 1.3 billion euros ($1.7 billion) it will have to inject into Irish Life & Permanent after the collapse of the sale of its life arm will be the last capital ...

Source : reuters-com

Irish Life & Permanent 26/11/2011

10:58 : Ireland to pay bill after Irish Life sale collapse - DUBLIN, Nov 26 (Reuters) - Ireland's government confirmed it would foot a 1.1 billion euros bill to recapitalise Irish Life & Permanent after the bancassurer was forced to pull the plug on the sale of its cash-rich life insurance ...

Source : reuters-com

05:28 : IL&P sale collapses with another €1bn bill for taxpayers - THE Government looks set to pump another €1bn into Irish Life & Permanent (IL&P) after the sale of the life insurance unit was dramatically suspended last night.

Source : independent-ie

Irish Life & Permanent 25/11/2011

23:36 : UPDATE 1-Irish Life suspends sale of insurance arm - Nov 25 (Reuters) - Irish Life & Permanent has suspended the sale of its life insurance arm and the Irish government will likely have to put 1 billion euros into the bancassurer to meet tough new capital requirements under ...

Source : reuters-com

22:22 : Irish Life suspends sale process; cites mkt turbulence - Nov 25 (Reuters) - Irish Life & Permanent has suspended the sales process for its insurance arm due to continuing market uncertainty, the bancassurer said on Friday.

Source : reuters-com

Irish Life & Permanent 27/10/2011

10:40 : State will have to put €1.1bn into IL&P if insurance sell-off deadline ... - THE Government will have to pump €1.1bn into Irish Life & Permanent by the end of the year if the sale of the PLC's life insurance arm hasn't been agreed by then.

Source : independent-ie

Irish Life & Permanent 20/10/2011

05:06 : IL&P goes lukewarm on stock-market flotation - IRISH Life & Permanent is no longer "actively pursuing" plans for a stock-market flotation of its life-insurance business, even though there may be as few as two potential buyers left in the race to buy the insurer.

Source : independent-ie

Irish Life & Permanent 19/10/2011

04:50 : Ireland to seek EFSF bailout for State's bank stakes - THE Government is hoping that the French banking crisis could pave the way for Europe's bailout fund to take over the State's stakes in AIB and Irish Life & Permanent, potentially cutting the national debt by more than €20bn.

Source : independent-ie

Irish Life & Permanent 02/10/2011

04:56 : Irish Life is still for sale despite market turmoil - THE Government is still intent on pressing full steam ahead with its ambitious plans to sell Irish Life, the life assurance arm of Irish Life & Permanent -- even though the ongoing volatility in the worldwide stock markets ...

Source : independent-ie

Irish Life & Permanent 21/09/2011

03:54 : Daly joins IL&P board amid growing fears over plc's future - IRISH Life & Permanent (IL&P) has succeeded in attracting a new member to its board, despite the significant uncertainty around the plc's future after the impending sale of key asset Irish Life.

Source : independent-ie

Irish Life & Permanent 01/09/2011

10:10 : IL&P chief highlights 'positive' news as losses increase tenfold - LOSSES at Irish Life & Permanent jumped more than tenfold in the first half of the year, as the plc was hit by rapidly accelerating mortgage impairments and higher guarantee costs at its banking unit.

Source : independent-ie

Irish Life & Permanent 31/08/2011

08:43 : Rising loan losses weigh on IL&P - Pre-tax profit at Irish Life & Permanent rose to €414 million in the first half of the year as the group benefitted from a liability management exercise underway in recent months.

Source : irishtimes-com

Irish Life & Permanent 27/07/2011

04:37 : State to take control of IL&P after court move - THE courts have cleared the way for the nationalisation of Irish Life & Permanent by force, after Department of Finance officials said Ireland's €85bn bailout deal could be jeopardised if the bancassurer didn't accept up ...

Source : independent-ie

Irish Life & Permanent 26/07/2011

21:27 : Court clears way for Irish Life state takeover - DUBLIN (Reuters) - The Irish government was granted a High Court order on Tuesday for the recapitalisation of Irish Life & Permanent , effectively nationalising the bancassurer with an immediate injection of 2.7 billion euros ...

Source : reuters-com

15:30 : IL&P to get €2.7bn injection - The Minister for Finance has today secured a High Court order to inject €2.7 billion into Irish Life & Permanent (IL&P), effectively nationalising the institution.

Source : irishtimes-com

15:18 : Dublin gets court order to take over Irish Life - DUBLIN, July 26 (Reuters) - The Irish government was granted a High Court order on Tuesday for the recapitalisation of Irish Life & Permanent , effectively nationalising the bancassurer with an immediate injection of 2.7 ...

Source : reuters-com

Irish Life & Permanent 24/07/2011

04:39 : Deadline looms for bidders in Irish Life takeover battle - THE takeover battle for Irish Life, the life assurance arm of Irish Life & Permanent (IL&P), steps up this week as the deadline for the first round of bids draws to a close.

Source : independent-ie

Irish Life & Permanent 21/07/2011

04:24 : Noonan bids to nationalise IL&P after shareholders reject bailout - FINANCE Minister Michael Noonan is to apply for a court order to nationalise Irish Life & Permanent after the plc's shareholders yesterday refused to accept a €4bn bailout.

Source : independent-ie

Irish Life & Permanent 20/07/2011

13:55 : Irish Life shareholders reject capitalisation plans - DUBLIN (Reuters) - Shareholders in Irish Life & Permanent (IL&P) voted against state plans to take over the bancassurer on Wednesday, meaning the government will have to go to the High Court to recapitalise the group as agreed ...

Source : reuters-com

13:10 : Ireland says could force Irish Life recapitalisation - DUBLIN, July 20 (Reuters) - Ireland may use legal options to recapitalise Irish Life & Permanent (IL&P) despite shareholders' rejecting its plans, Ireland's finance minister said on Wednesday.

Source : reuters-com

07:14 : Irish Life recap vote on a knife-edge -source - DUBLIN, July 20 (Reuters) - Shareholders in Irish Life & Permanent (IL&P) could reject an effective nationlisation of the bancassurer at an extraordinary general meeting (EGM) later on Wednesday, a source familiar with the ...

Source : reuters-com

Irish Life & Permanent 16/07/2011

04:00 : IL&P comes in second place but BoI lies in bottom half of table - IRELAND's banking reform was given mixed messages by the European stress tests last night after Bank of Ireland (BoI) found itself in the bottom half of the results table and Irish Life & Permanent (IL&P) ...

Source : independent-ie

Irish Life & Permanent 11/07/2011

07:57 : Maeve Dineen: IL&P demise is sad because it tried to do right thing - IT may seem a little strange to create a hierarchy of sympathy but for some reason I feel much sorrier for the shareholders in Irish Life & Permanent than for those who invested in the other three listed banks.

Source : independent-ie

Irish Life & Permanent 29/06/2011

09:26 : Greek measures boost confidence - THE ISEQ advanced above the 2,900 level for the first time in four days in the hope the Greek parliament will approve new austerity measures, paving the way for a slow resolution to the country's problems. Shares in Irish Life & Permanent|Irish Life ...

Source : independent-ie