Hints and tips:
...Architects John Robertson worked hard to maintain the integrity of the high-tech interior, with its glass blocks, concrete and steel....
...John Conroy, former chief of Merrion, said the turmoil had a drastic impact....
...It really was the standard bearer for the Irish market,” says John Conroy, an Irish financier who was previously chief executive of Merrion stockbrokers....
...Claire Wrathall was a guest of the Merrion Hotel, which has doubles from £324. Illustration by Matthew Cook...
...There is a statue of Oscar Wilde in a corner of Merrion Square park, where he lounges almost lewdly on a rock. Banville hates it....
...The hostilities look set to resume on Wednesday as Sir John hosts shareholders of Experian, the FTSE 100 data analytics group, at an annual meeting in the Georgian surrounds of the Merrion Hotel in Dublin...
...Since John McGahern died in 2006, no Irish novelist has devoted themselves to recording the contemporary Irish rural experience in a realist form....
...Alan McQuaid, economist with Dublin-based financial services firm Merrion Capital, said the bill had the potential to be problematic for banks....
...On Merrion Row, close to the office of Enda Kenny, prime minister, Foley’s Bar is flying two large union jacks alongside two Irish tricolours....
...John Conroy, managing partner at Merrion stockbrokers, believes the €500m the IPO raised for the company was critical for its survival....
...Davy and two smaller brokers – Merrion Capital and Bloxham – have already been in the courts. AIB is understood to have had to indemnify Fexco against future claims for trades done on its watch....
...Nearby on Merrion Row, O’Donoghue’s is famous for live sessions of traditional Irish music....
...The past two years’ losses have wiped out the profits of the last four years of the boom, says Sebastian Orsi, analyst with Merrion Capital, a Dublin stockbroker....
...Merrion stockbrokers expects AIB to report pre-tax losses of €3.28bn (£2.94bn) after taking a loan loss provision of €5.3bn, representing about 5 per cent of total loans....
...Sebastian Orsi, of Merrion stockbrokers, said this week that “the buyback of warrants provides an opportunity to offset the dilution of a placing”....
...Merrion, the broker, calculates AIB will need about €4.4bn, a tall order given its market value of €1bn, even after the recent rally....
...Sebastian Orsi, an analyst with Merrion stockbrokers, calculates the quantum of fresh capital the banks will need may well be so big the state will end up as majority shareholder in Allied Irish Banks and...
...Sebastian Orsi, analyst with Merrion Capital Stockbrokers, estimates that Bank of Ireland and AIB, which is expected to transfer €24bn to Nama, will together need to raise about €9bn to restore capital buffers...
...“The Greek crisis has shown that if the sovereign can’t fund itself, that raises questions over banks’ ability to refinance themselves,” says Sebastian Orsi of stockbrokers Merrion....
...John Mattimoe, analyst with Merrion Stockbrokers, said given the decline in revenues, cost reduction was the only option for re-establishing profitability and that it would have to be “significant in scale...
...Sebastian Orsi, banks analyst at Merrion stockbrokers, calculates that without fresh capital injections, AIB’s equity tier one ratio – measure of balance sheet strength – will be about 3.5 per cent after...
...Merrion calculates that, with a 20 per cent assets discount, the subsequent recapitalisation will leave AIB 70 per cent owned by the state, and Bank of Ireland 55 per cent....
...Sebastian Orsi, a banks analyst with Merrion stockbrokers, estimates that the sale of AIB’s 24 per cent stake in M&T, the regional US bank, would add about €600m to AIB’s capital base....
...John Mattimoe, analyst at Merrion Capital, the Dublin stockbroker, said that he agreed with the principle of raising capital in order to finance acquisitions at a time when there were many cheap opportunities...
...Ashling Vaughan, head of research at Merrion Capital, a Dublin stockbroker, forecasts loan losses at AIB to increase from €1bn in 2008 to €2.3bn next year and a further €2bn in 2010....
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