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17 May 2012
ISEQ loses more ground on Greek crisis
The ISEQ plunged again today amid talk of a bank run in Greece and fears of contagion spreading around Europe, including Ireland.
17 May 2012
Fitch: Top banks may need USD566bn
The world's top 29 banks may need a total $566 billion to meet tougher new capital rules, cutting returns by a fifth and forcing them to curb investor payouts and raise customer charges, Fitch Ratings said today.
17 May 2012
IMF to review Greece after election
The International Monetary Fund will not return to Greece to review its loan program before Athens holds fresh elections on June 17, an IMF official said today.
17 May 2012
Wall St lower after Philly Fed data
U.S. stocks extended losses as data showed manufacturing in the in the U.S. mid-Atlantic region unexpectedly contracted in May, adding to concerns about the global economy as Europe's debt crisis threatens to worsen.
17 May 2012
Aer Lin Regional to fly to Birmingham
Aer Lingus Regional today announced it is to open a new route from Ireland West Airport Knock to Birmingham.
17 May 2012
Merit to create 200 Galway jobs
Medical device manufacturer Merit Medical Systems today said it plans to create 200 new jobs at its new E20 million facility in Galway.
17 May 2012
Key US economic index falls in April
A gauge of future U.S. economic activity fell in April for the first time in seven months, according to an industry survey today that indicated a struggling economic recovery.
17 May 2012
Spanish bank may be wound down
Bankia SA's black hole may be so big that Madrid's only option for the Spanish bank will be to wind it down.
17 May 2012
Euro slides on Greek euro exit woes
The euro slid to a four-month low against the dollar today and was expected to remain under pressure as concerns grow about problems facing some periphery euro zone banks and the prospect of contagion if Greece exits the euro.
17 May 2012
US jobless claims hold steady
New U.S. claims for unemployment benefits were unchanged last week, according to government data today that will do little to ease concerns about a recent slowdown in jobs growth.
17 May 2012
ISEQ plunges as contagion fears grow
The ISEQ plunged this morning amid talk of a bank run in Greece and fears of contagion spreading around Europe, including Ireland.
17 May 2012
Irish bond yields surge to 7.5pc
The yield demanded by investors to hold Irish bonds surged to 7.5pc today amid fears of a run on Greece's banks ahead of what many are saying is inevitable Greek exit from the euro.
17 May 2012
Euro shares battered on Bankia fears
European shares extended their losing streak today as worries over Spanish lender Bankia caused its shares to fall more than 20 percent, hitting markets and adding to growing fears of contagion from Greece's economic crisis.
17 May 2012
Austerity continues to hammer spending
The Government's policy of austerity continues to adversely affect many aspects of the domestic economy with consumer spending in particular in chronic decline.
17 May 2012
Howlin: Half asset sale cash for jobs
The Minister for Public Expenditure and Reform, Brendan Howlin, has said that half of the total money raised by the sale of state assets will be used for job creation and the other half will be used to raise funds for other stimulus projects.
17 May 2012
Aviva to sell some business in overhaul
British insurer Aviva will sell under-performing businesses in a strategic overhaul after irate investors forced out its chief executive last week, it said today.
17 May 2012
Hireland helped create 2,000 new jobs
The Hireland initiative helped put 2,000 people in to employment, it claimed today.
17 May 2012
UTV radio revenue hit by weak euro
Belfast-based broadcaster and media group, UTV, this morning said revenues rose at its Irish radio division in the first four months of this year but was hit by the weakness of the euro against sterling.
17 May 2012
Japanese insurer opens in Ireland
MSI Management UK and Ireland, a member of MS and AD Insurance, Japan's largest non-life insurance group and the seventh largest non-life insurance group in the world, today announced the opening of its Dublin office.
17 May 2012
Spain bond yields leap at auction
Spain's medium-term borrowing costs rose sharply to around five percent in an auction of three- and four- year bonds today, reflecting concerns over the Spanish banking system and economy and the political crisis in Greece.
17 May 2012
IBOA call on AIB to honour agreements
AIB should now honour all contractual payments to staff, according to IBOA General Secretary, Larry Broderick, after rulings by the Industrial Tribunal in the North on two cases sponsored by the Union.
17 May 2012
Copperfasten create 37 Galway jobs
Copperfasten, an Irish software company that produces internet security solutions, today announced that it will create 37 new jobs supported by Enterprise Ireland in Galway.
17 May 2012
A third of firms to raise pay in 2012
One third of Irish employers expect to increase pay levels this year while six out of ten expect to take on new staff, according to an IBEC survey today.
17 May 2012
FTSE pushed lower by uncertainty
British shares slipped back towards five-month lows today, with investors braced for weeks of uncertainty stemming from political turmoil
17 May 2012
Merkel opens door to Greek stimulus
In comments that appeared aimed at calming speculation of a pending Greek exit from the euro, German Chancellor Angela Merkel called for Greece to
17 May 2012
Spain slips into recession 1st Quarter
Spain officially slipped in to recession in the first quarter, final figures confirmed today, leaving the country threatened with a prolonged
17 May 2012
ISEQ lower-Greek exit prospects on hold
The ISEQ opened lower this morning at 1,070 down 14 as markets live with the Greek situation and await the election result in June
17 May 2012
Paddy Power revenues up 28pc
Irish bookmaker Paddy Power said today revenue for the year to date rose by 28 percent as it entered the Italian online market on schedule
17 May 2012
Demand for plastic is key growth measure
China's consumption of plastic could grow by up to 7 percent this year after stalling in 2011, but the rebound will not be enough to melt
17 May 2012
European markets open lower on Greece
European shares edged lower at the start of trading today, having closed down during the last three sessions
17 May 2012
Roundup-Alternatives to Anglo Notes
The Minister for Finance has linked a deal on Ireland's bank debt and the State's emergence from the bailout programme.
17 May 2012
HSBC saves $1 billion in year one
HSBC, Europe's biggest bank, said it cut costs by $2 billion after one year of a 3-year turnaround plan, and is on target to meet its return on equity
17 May 2012
Enbridge plans huge pipeline expansion
Enbridge Inc kicked off one of the most sweeping expansions in its history on Wednesday, a C$3.2 billion ($3.2 billion) series of projects
17 May 2012
Bankia customers withdraw E1 billion
Customers of troubled Spanish bank Bankia, nationalized last week, have taken out over 1 billion euros from their accounts
17 May 2012
Futures point to slight European rise
European stock index futures pointed to a slight rebound today following an almost uninterrupted three-week drop
17 May 2012
Nikkei recovers on good growth data
The Nikkei share average inched back up today as upbeat Japanese economic growth data
17 May 2012
ECB move against Greek banks worries
The European Central Bank has stopped offering liquidity to some Greek banks it does not consider solvent, and international concern about the euro
17 May 2012
Japan economy rebounds in 1st Quarter
Japan's economy bounced back in the first quarter from a year-end lull, powering ahead of other major industrial nations
16 May 2012
ISEQ flat in nervous day's trading
The main Dublin shares index closed with only minor losses as investors ran for cover in the face of growing expectations that Greece will leave the euro and default.
16 May 2012
ECB stops working with some Greek banks
The European Central Bank has stopped monetary policy operations with some Greek banks as they have not been successfully recapitalised, euro zone central bank sources said today.
16 May 2012
IIF: Greek exit disaster for Ireland
The damage to the rest of Europe from Greece leaving the euro would be "somewhere between catastrophic and Armageddon", the chief negotiator for the body representing private sector holders of Greek bonds said today.
16 May 2012
Wall St edges higher at the open
U.S. stocks rose today with traders citing comments from German Chancellor Angela Merkel about keeping Greece in the euro zone as encouraging for markets.
16 May 2012
NUI student in line for World title
NUI Galway student Eve-Marie Costello has been awarded The Outstanding Young Person of Ireland award and has been put forward as a candidate for the Outstanding Young Persons of the World title.
16 May 2012
Apple readies new bigger iPhone
Apple plans to use a larger screen on the next-generation iPhone and has begun to place orders for the new displays from suppliers in South Korea and Japan, people familiar with the situation said today.
16 May 2012
IBOA accept terms on 950 redundancies
Finance sector union IBOA said that its members in Ulster Bank have voted to accept the recommendation from independent mediator, Martin King, on the Bank's restructuring proposals involving the loss of up to 950 jobs.
16 May 2012
Greeks are preparing for euro exit
Greeks are voting with their wallets and pulling euros out of the banks in fear that their country may leave the European single currency despite the declared determination of EU powers Germany and France to keep Athens in the monetary union.
16 May 2012
CRH transfers shares to Semapa
CRH has transferred its 49pc shareholding in Secil, the Portuguese cement producer, to Semapa (SGPS, S.A.), its former joint venture partner, for a sum of E564.5 million.
16 May 2012
Data show hope for US housing market
U.S. housing starts rose more than expected in April, according to a government report today that offered signs of a nascent housing recovery, even though permits for future building fell after touching a 3-1/2 year high the prior month.
16 May 2012
ISEQ down as investors run for cover
The main Dublin shares index fell again this morning as investors ran for cover in the face of growing expectations that Greece will leave the euro and default.
16 May 2012
Noonan fears crisis to impact Ireland
The mood of uncertainty spreading across Europe could scupper Ireland's plans to exit its international bailout with a return to bond markets next year, according to Finance Minister, Michael Noonan, today.
16 May 2012
Rehab Group to create 750 jobs
The Rehab Group announced today that it plans to recruit 750 staff in its operations over the next three years, with over 400 of those to be based in Ireland.
16 May 2012
Irish 3rd best inflation and trade in EU
Ireland has racked up the third lowest inflation rate in the EU and the third largest trade surplus, official figures from EU statistical agency, Eurostat reveal.
16 May 2012
Connemara completes aerial survey
Connemara Mining has completed an airborne survey targeting gold deposits over a block of five licences in the Wicklow/Wexford area.
16 May 2012
Fuel prices sends euro inflation up
Costlier fuel and clothing kept euro zone inflation well above the European Central Bank's target in April, giving policymakers little room to stimulate growth even as Germany signals it may be ready to tolerate more price rises at home.
16 May 2012
Massive exodus from health insurers
Twenty four thousand people cancelled their health insurance cover in the first three months of this year, which represents a massive 80pc-plus increase in the number that opted out in Quarter 1 of 2011.
16 May 2012
Exports and imports rise in March
Seasonally adjusted exports rose by E361 million (or 5pc) and imports rose by E961 million (or 26pc) in March 2012, latest trade figures from the CSO show.
16 May 2012
Airtricity owner buys North's Phoenix
SSE, the UK owner of Dublin-based Airtricity, is to buy Phoenix Supply Limited, Northern Ireland's market leading gas supplier.
16 May 2012
CRANN aims for nano-revolution
Irish scientists have conducted research to develop materials that could revolutionise the manufacture of silicon chips and lead to a new wave of next generation computers and real time 3D video processing.
16 May 2012
Guide to investing in Ireland launched
With Ireland still attracting record levels of foreign direct investment, Deloitte has launched 'Investing in Ireland', a guide for both first time investors and businesses seeking to expand and develop their presence here.
16 May 2012
Survey: Public confused over finances
A national survey today shows clear gaps in the Irish public's understanding of basic personal finance issues.
16 May 2012
Network Recovery buys out Barlan
Network Recovery, a full-service IT provider specialising in Cloud and Disaster Recovery services, has acquired the entire share capital of Barlan, an IT managed services and bespoke software provider for an undisclosed sum.
16 May 2012
Tullow promises strong growth in 2012
Irish oil and gas explorer, Tullow Oil, this morning said the first half of this year has been "excellent" for the company and that 2012 is shaping up for further significant growth.
16 May 2012
Samsung hit as Apple goes elsewhere
Shares in Samsung Electronics Co slumped more than 6 percent today, wiping $10 billion off the electronics giant's market value
16 May 2012
Banks and commodities drive FTSE lower
Britain's top share index dropped through the 5,400 level for the first-time since mid-December 2011 in early deals today
16 May 2012
Commodity prices to fall further
BHP Billiton said it expects commodity markets to cool further and that investors have lost confidence in the longer-term health of the global
16 May 2012
C and C bonus from London Olympics
Irish cider-maker C and C is uncertain whether a sales boost from this summer's Olympics and European football championships will be enough
16 May 2012
ISEQ sharply down-Trade figures today
The ISEQ is predictably lower this morning at 3,060, a drop of 25 points in early trading as markets seem to have nothing to support them
16 May 2012
European markets sharply lower
European shares fell today, in a broad-based sell-off, as concerns surrounding Greece sapped investor appetite for risk
16 May 2012
Roundup-Gov't chasing growth funds
Government ministers made the case for more cash for Ireland in Brussels yesterday amid expectations that European leaders will agree
16 May 2012
Asian markets down 3pc in record drop
Asian shares fell more than 3 percent, the biggest one-day drop in six months, and the dollar rose broadly
16 May 2012
Indian Rupee falls v Dollar continue
India's central bank accepts that it is fighting a losing battle in trying to stem a fall in the rupee, a slide that has mirrored the slump
16 May 2012
China Mobile in talks to carry iPhone
China Mobile, the world's biggest carrier by subscribers and the only Chinese operator that does not officially carry the iPhone,
16 May 2012
Facebook to raise $15 billion in IPO
Facebook Inc will increase the size of its initial public offering by 25 percent to raise about $15 billion,
16 May 2012
Nikkei lower on Greece and China worry
The Nikkei share average lost 1.1 percent today as forecasts for profit declines at some of Japan's major banks
16 May 2012
Oil weakens on US stocks and Greece
Oil fell more than $1 this morning, with the U.S. benchmark dropping to a five-month low, as a larger-than-expected rise in crude stocks
16 May 2012
European markets expect new lows
Financial spreadbetters expect Europe's main stock indexes to set fresh lows today, with investors fretting about a possible Greek exit
16 May 2012
Euro hits record low against Dollar
The euro hit a four-month low today, coming under renewed pressure a day after Greece called a new election that may hand victory to leftists
15 May 2012
ISEQ flat as Greeks go back to polls
The ISEQ inched lower again today after Monday's rout in nervous trading as investors looked with dread to the prospects of a Greek euro exit after new elections.
15 May 2012
Banking lobby fights bonus caps
A cap on bank bonuses in the European Union would be intrusive and encourage banks to bump up basic pay instead, leading bank lobby officials said today.
15 May 2012
Poll: Weakness to plague eurozone
The euro zone economy might return to weak growth in the second half of the year but unemployment looks certain to rise past its current 15-year high, according to a Reuters poll of 70 economists.
15 May 2012
Brooks charged over hacking scandal
Rebekah Brooks, a close confidante of Rupert Murdoch, was charged today with interfering with a police investigation into a phone hacking scandal that has rocked the tycoon's empire and sent shockwaves through the British political establishment.
15 May 2012
Facebook IPO set to raise USD12.1bn
Facebook Inc increased the price range on its initial public offering an average of 14 percent to raise more than $12 billion, giving the world's No. 1 social network a valuation potentially exceeding $100 billion.
15 May 2012
Wall St flat as Greek elections loom
U.S. stocks traded flat today, erasing strong gains in the premarket session after news Greece will hold new elections put the debt-stricken country's bailout package and debt repayments further at risk.
15 May 2012
Greece to hold new elections
Greece will hold new elections after political leaders failed to find agreement on a coalition government today, a spokesman for the Greek president said.
15 May 2012
US retail sales barely move in April
Sales at U.S. retailers barely rose in April as the boost from an unseasonably warm winter faded, pointing to some loss of momentum in consumer spending early in the second quarter.
15 May 2012
State's debt at record high in Q4
The State's total debt rose to a record high in the last three months of last year while households continued to pay off their loans, according to the Central Bank's latest Quarterly Financial Accounts.
15 May 2012
Hours-based part-time pay system fairer
An hours-based system for part-time jobseeker's payments would be much fairer and more equitable, according to a new report by the Oireachtas Committee on Jobs, Social Protection and Education.
15 May 2012
ISEQ inches lower in nervous trading
The ISEQ inched lower again after yesterday's rout in nervous trading as investors looked with dread to the prospects of a Greek euro exit.
15 May 2012
Musgrave Group profits dip 1pc in 2011
Convenience retail chain owners, Musgrave Group, today posted a 1.6pc rise in overall sales but a 1pc dip in profits for the full year to the end of December last as the economic backdrop remain challenging.
15 May 2012
Galway's Crospon wins top Euro award
Crospon, the Galway-based medical device developer, has been recognised with the 2012 European Enabling Technology Award for Surgical Imaging Technology by Frost and Sullivan.
15 May 2012
Call for overhaul of co-op laws
The co-operative business model should benefit from the same privileges investor owned companies have under company law, a major conference marking the UN International Year of Co-operatives heard in Dublin this morning.
15 May 2012
Finance ministers edge towards bank deal
European finance ministers edged closer today to breaking a deadlock on tougher capital standards for banks, a reform designed to prevent another financial crisis but which has exposed deep rifts between Britain and the rest of the EU.
15 May 2012
Eurozone economy just misses recession
The euro zone just avoided recession in early 2012 but the region's debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany.
15 May 2012
Just one strike on during first quarter
There was only one dispute in progress in the first quarter of 2012 involving 75 workers and one firm, latest figures from the Central Statistics Office show.
15 May 2012
Survey sees attitude to savings polarise
While the general attitude of Irish people towards savings continues to improve, the number of people not saving at all continues to increase, the latest Nationwide UK (Ireland) /ESRI Savings Index shows.
15 May 2012
Google's Android gain market share
Google's Android smartphone software stretched its market lead in early 2012, helped by new models from handset makers like Samsung and HTC and piling the pressure on rivals like Research In Motion and Nokia.
15 May 2012
Min: Security problems at Dub Airport
Transport minister, Leo Varadkar, this morning confirmed that an inspection by EU officials had found two security problems at Dublin Airport.
15 May 2012
TVC earnings up on UTV investment boost
Net Asset Value per share (NAV) at Dublin-listed investment group, TVC Holdings rose in its full year to the end of March last after rises in several of its portfolio assets, including UTV.
15 May 2012
DCC: We'll bounce back after profits dip
Dublin-listed business services and fuel distribution group DCC said it would bounce back from an 18pc dip in operating profit, dented by milder weather and higher oil prices during the winter months.
15 May 2012
Flat economy poses problem for Hollande
France's economy stalled in the first quarter as household consumption flatlined, businesses pared back investment and exports slowed,
15 May 2012
German GDP lifts all boats as FTSE rises
A rally by hard-pressed commodity stocks and banks after sharp falls the previous day helped Britain's leading share index bounce back today,
15 May 2012
Technocrat Gov't rejected by Greek left
Greece's president will ask politicians today to stand aside and let a government of technocrats steer the nation away from bankruptcy
15 May 2012
ISEQ steady- DCC results examined
The ISEQ is steady at 3,088 this morning, unchanged from yesterday's lows and in a nervous mood with Greek elections looming.
15 May 2012
Switzerland, land that time begot !
Andrew I-Jen Chen swapped a career crunching numbers at French bank BNP Paribas to take up an apprenticeship at one of Switzerland's most
15 May 2012
German GDP lifts European markets
European equities bounced up from 2 012 lows today, lifted by surprisingly strong German economic data, but concerns about the future of the euro
15 May 2012
Germany growing, France stagnates
Germany's economy confounded expectations by posting robust growth in the first quarter of the year while France could summon up none at all,
15 May 2012
Roundup-Noonan watching Spanish deal
Ireland will pursue an "alternative" way of reducing the bank bailout costs if efforts to change Anglo Irish Bank's promissory note don't succeed
15 May 2012
Coty withdraws Avon bid
Fragrance company Coty Inc withdrew its $10.7 billion takeover bid for Avon Products Inc on Monday
15 May 2012
New find may stoke bid battle for Cove
U.S. explorer Anadarko Petroleum Corp has discovered a major new gas field offshore Mozambique in a move that could stoke a bid battle for one of
15 May 2012
German Steelmakers offer grim outlook
Germany's two biggest steelmakers, ThyssenKrupp and Salzgitter, gave a grim outlook for the rest of the year as the euro zone crisis crimps demand
15 May 2012
Allianz sees profit rise of 40pc
Allianz saw operating profit rise 40 percent to 2.330 billion euros ($3 billion)in the first quarter, as low damage claims
15 May 2012
Futures point to rebound in Europe
European stock index futures pointed to a rebound today following the previous session's sell-off
15 May 2012
Nikkei falls as Greek crisis deepens
Japan's Nikkei share average was dragged down by exporters with exposure to Europe this morning after Greece's struggle to form a coalition
15 May 2012
Brent crude approaches $111 a barrel
Brent crude futures fell towards $111 a barrel today as Greece's political and economic turmoil deepened and worries that the debt-laden country
14 May 2012
ISEQ plunges below 3,100 on Greek woes
The ISEQ followed most European markets lower today tipping under the 3,100 level again as investors weighed the impact of an increasingly possible Greek euro exit and fears that the eurozone is falling in to a deeper recession rose.
14 May 2012
European shares dive to 18-week low
European shares sank to a four and a half month closing low today in a broad-based sell-off as political deadlock in Greece raised the prospect of the country's exit from the euro zone, while concerns over China's economy also undermined sentiment.
14 May 2012
Greek stalemate raises fear of euro exit
Greek political leaders stuck to entrenched positions before another round of coalition talks today, dashing hopes of a last-minute compromise to avoid a new election that risks pushing the country closer to financial default.
14 May 2012
Noonan: Spain bank deal 'interesting'
Finance Minister, Michael Noonan, today said that any proposals from the EU to prop up Spain's banks without shifting the debt on to Spanish taxpayers would be "interesting" from our point of view.
14 May 2012
Tourism Ireland target Thai market
A major travel trade event to grow tourism business from the Asia Pacific, Middle East and Africa (APMEA) region gets under way this week in Bangkok, Thailand.
14 May 2012
JPMorgan executive quits after $3bn loss
JPMorgan Chase and Co sacrificed investment chief Ina Drew today in response to trading losses that could reach $3 billion or more and which have tainted the reputation of the bank's high profile chief executive Jamie Dimon.
14 May 2012
Wall St opens lower on Greek crisis
U.S. stocks fell at the open today, tracking global equity markets lower as a political impasse in Greece heightened concerns about Europe's debt crisis and fears mounted about an economic slowdown in China.
14 May 2012
Euro in 4-month trough on Greek impasse
The euro fell to a near four-month low today as the ongoing political turmoil in Greece highlighted the risk it might exit the euro zone, while worries about slowing Chinese and global growth drove down higher-yielding currencies.
14 May 2012
Britain isolated in bank rules row
Isolated in Europe, Britain has little choice but to back down on its demand for changes to draft EU banking rules it had called idiotic.
14 May 2012
CoderDojo comes to Blanchardstown
ITB (Institute of Technology Blanchardstown) will welcome 60 students aged 10 to 16 into the college to take part in a new initiative created by teen programmer James Whelton about a year ago, after he completed his leaving certificate.
14 May 2012
ISEQ plunges amid new crisis fears
The ISEQ followed most European markets lower this morning as investors weighed the impact of an increasingly possible Greek euro exit and fears that the eurozone is falling in to a deeper recession rose.
14 May 2012
Oil prices fall sharply on economy fears
Oil fell sharply today, as mounting political uncertainty in Greece and worry about the prospects for growth in China added to a sense that the demand outlook is worsening.
14 May 2012
CIF predict big builds from EU stimulus
Hundreds of shovel ready projects around the country could be given an immediate green light if the Government secures an agreement on an EU stimulus package, according to Construction Industry Federation (CIF) chief, Tom Parlon.
14 May 2012
EU Commission wants Greece in eurozone
The European Commission hopes Greece will remain part of the euro zone but Athens must respect its obligations, the European Union's executive arm said today.
14 May 2012
Eurozone for recession as output falls
Output at factories in the euro zone unexpectedly fell in March, the latest in a series of disappointing numbers signalling that the bloc's recession may not be as mild as policymakers hope.
14 May 2012
Laya Health launched with 100 new jobs
Laya Healthcare, the Irish private health insurer that took over from Quinn Health, launched today with the announcement of the creation of 100 new jobs.
14 May 2012
Spain's bond yields rise on Greek crisis
Spain's short-term debt costs rose today and its benchmark premium over German bonds hit a euro era high, with Madrid's newest banking sector clean-up failing to allay the concerns of investors also unnerved by political deadlock in Greece.
14 May 2012
Shares, euro hit as Greek drama unfolds
Uncertainty over the impact of a potential Greek exit from the euro on the debt-laden 17-nation currency bloc drove a rush to safety by investors today, sending the euro to near four month lows and European shares down 1.5pc.
14 May 2012
Brokers: early access pension would work
The vast majority of Irish brokers (83pc), when asked in a survey, say that early access to pension funds would increase rather than reduce pension provision in Ireland.
14 May 2012
Hotel bookings scams on the rise
People are being urged to be vigilant when booking holidays online due to an increase in complaints about fake hotel booking confirmation emails.
14 May 2012
Providence revenues up, losses narrow
Irish oil and gas explorer, Providence Resources, this morning said that it raised its revenues and narrowed its losses in the full year 2011 as oil prices stayed high and it pumped more crude.
14 May 2012
Sharp fall in April construction index
April saw a sudden drop in activity and more jobs shed in the Irish construction sector, the latest Ulster Bank Construction PMI index shows.
14 May 2012
ISEQ lower- Greece election overhang
The ISEQ is lower this morning at 3,132, down 25 points as European markets have nothing to hold onto with Greece heading to another election
14 May 2012
Greece and Growth push FTSE lower
A broad-based sell-off headed by heavyweight banks and commodity stocks dragged Britain's top share index lower today
14 May 2012
S. Europeans in London property market
Worsening financial and political turmoil in southern Europe caused a surge of interest in London property last month with buyers from Greece
14 May 2012
Oil lower as demand prospects easing
Brent crude slipped below $112 today on a worsening oil demand outlook after talks to form a new government in Greece failed
14 May 2012
European markets open lower on Greece
European shares opened sharply lower this morning as Greece's failure to form a government threatened to deepen the euro zone crisis.
14 May 2012
Roundup-Facebook tax affairs in Ireland
Ireland is the only "material" jurisdiction outside the US scrutinising the tax affairs of Facebook, according to the social
14 May 2012
Nigeria fuel subsidy fraud costs billion
A $6.8 billion fuel subsidy fraud scandal is heaping pressure on Nigerian President Goodluck Jonathan to prosecute top officials
14 May 2012
Ford plays catch-up in Chinese market
Frank Chuang proudly surveys his immaculate new car plant as partly assembled versions of the Ford Focus travel down the production line.
14 May 2012
Yahoo changes CEO for 3rd time
Yahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb
14 May 2012
China easing lifts Nikkei
Japan's Nikkei share average inched higher today as China's monetary easing countered unease ahead of Greece's last-ditch attempt to form a coalition
14 May 2012
Top executives at JP Morgan to exit
Three top executives involved with a failed hedging strategy that cost JPMorgan Chase & Co at least $2 billion and tarnished its reputation
14 May 2012
Futures point to lower European opening
European stock index futures pointed to a lower start today as Greece's failure to form a government
14 May 2012
Spain faces corrosion not collapse
Students are protesting on Barcelona's elegant boulevards, public-sector wages are being cut for the second time in three years
14 May 2012
Euro hits new 4 month low on Greece
The euro hit its lowest level in nearly four months today after Greek political leaders failed in their latest efforts to form a ruling
11 May 2012
ISEQ closes volatile week higher
The main Dublin shares index closed a volatile week higher as investors remain wary about the Greek political impasse and the growing hole in Spain's bank capital but were encouraged by US economic figures.
11 May 2012
US consumer sentiment near 4-year high
U.S. consumer sentiment rose to its highest level in more than four years in early May as Americans remained upbeat about the job market, a survey released today showed.
11 May 2012
Silvercloud most investable in Ireland
NDRC spin out company, Silvercloud Health, an innovative cloud based platform was named 'Most Investable Business in Ireland' at the ISA/IVCA Software Investment Forum last night.
11 May 2012
Fitch warn Irish risk from Greek exit
Global ratings agency, Fitch, today warned that Ireland would be among a list of countries that would face a downgrade in credit status if Greece were to leave to eurozone.
11 May 2012
Wall St opens flat after week's losses
U.S. stocks were little changed today but remained on track for a second week of declines after JPMorgan Chase and Co revealed a trading loss of at least $2 billion from a failed hedging strategy.
11 May 2012
Euro falls to a 14-week dollar low
The euro hovered near a 3-1/2-month low today as Greek political parties made efforts to form a coalition government, and looked fragile as risk sentiment struggled on weak Chinese data and JPMorgan's shock trading losses.
11 May 2012
ACCA want no delay in insolvency Bill
Incoming President of the Association of Chartered Certified Accountants (ACCA), Tom Murray, said today that any further delays in publishing the Personal Insolvency Bill will harm business development and job creation.
11 May 2012
Begg call for Govt to back Hollande
Congress General Secretary David Begg said today that Government could delay ratification of the Fiscal Treaty - if passed - and stand "four square behind (Francois) Hollande" to ensure there is a new growth strategy for Europe.
11 May 2012
ISEQ flat as markets mull Greek impasse
The main Dublin shares index was flat this morning as investors remain wary about the Greek political impasse.
11 May 2012
Spain commission audit of its banks
Spain agreed to commission an independent audit of its financial system today, trying to dispel market concerns that a state-funded bank bailout, set to be approved by the cabinet, could strain public finances to breaking point.
11 May 2012
Call for regulation of debt collectors
The Sinn Fein Spokesperson on Communications, Energy and Natural Resources Martin Ferris has called on the government to introduce legislation to regulate debt collection.
11 May 2012
The Gathering launched by Taoiseach
The Gathering, which is being hailed as the biggest tourism event ever held in Ireland, was launched by the Taoiseach and Tanaiste in Dublin Castle today.
11 May 2012
Germany to Greece: Euro is your choice
Germany told Greece today that staying in the euro zone was its own choice and that it must not stray from austerity if it expects to get international cash.
11 May 2012
EU predict 0.5pc Irish GDP in 2012
The Irish economy returned to growth in 2011 after three years of contraction and will grow - in terms of GDP - by 0.5pc this year, the Spring Forecast from the EU Commission said today.
11 May 2012
Big boost for exports from euro fall
The euro's sharp slide from the eurozone and Greek crisis should provide a welcome boost to Irish exports and growth in the coming months, the Irish Exporters Association (IEA) said today.
11 May 2012
Accountants launch inward invest scheme
Chartered Accountants Ireland, Ireland's largest and longest established professional body of accountants, today launched a new initiative aimed at boosting foreign direct investment (FDI) into Ireland.
11 May 2012
Eircom deal will not see it sold off
Michael McAteer of Grant Thornton, the examiner appointed by the High Court to eircom, today said he has reached agreement with creditors that will take it out of examinership without being sold off.
11 May 2012
BT Ireland post record full year profits
BT today announced the results for its all-Ireland operation for the full year to the end of March last showing flat revenues but profits that hit a new record with a 9pc rise on the previous year.
11 May 2012
UPC posts rise in subscriber numbers
TV, broadband and telephone provider, UPC Ireland today said that, in the first three months of 2012, it added 36,200 subscriptions to its next generation services from homes and businesses.
11 May 2012
Banks get ready for return of Drachma
Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Grece adopted
11 May 2012
Honduras reinvents itself
Shortly after the 2009 coup that overthrew Manuel Zelaya, Honduras's newly elected president, Porfirio Lobo, asked his aides to think big
11 May 2012
JP Morgan impacts as FTSE lower
Banks knocked by news JPMorgan's announcement that it incurred a $2 billion loss from a failed hedging strategy led Britain's top share index
11 May 2012
ISEQ lower-Market sentiment negative
The ISEQ is lower this morning at 3,125, down 10 points on yesterday's close as European markets react to JP Morgan losses, Spain's banking troubles and Greece on the edge.
11 May 2012
Is it time to start worrying about China
Just how worried should we be by yet another set of disappointing numbers on the Chinese economy?
11 May 2012
Banks lead European stocks lower
European shares fell today as uncertainty over Greece's political outlook, a huge loss from JPMorgan and mounting concerns over Spain's banking
11 May 2012
Roundup-Quinns evidence "fantastic"
The evidence of businessman Sean Quinn, his son and nephew, who deny breaching contempt-of-court orders, is "fantastic" and "incredible"
11 May 2012
Telefonica profits halved on writedown
Spain's Telefonica said first-quarter net profit halved after the value of its stake in Telecom Italia plunged
11 May 2012
Nissan returns to profit in 1st Quarter
Nissan Motor Co posted today a one-third jump in quarterly profit and projected a 28 percent rise in the year ahead
11 May 2012
Oil follows Euro below $112 a barrel
Brent crude dropped below $112 a barrel this morning, tracking losses in the euro amid a political deadlock in Greece
11 May 2012
JP Morgan shock adds to Euro pressure
The euro hit a 3-1/2-month low this morning as news of JPMorgan's trading losses from a failed hedging strategy
11 May 2012
JP Morgan takes $2 billion shock hit
JPMorgan Chase and Co, the biggest U.S. bank by assets, said it suffered a trading loss of at least $2 billion from a failed hedging strategy
11 May 2012
China's Ind. Prod. Lowest in a decade
Chinese industrial production weakened sharply in April as investment slowed to its lowest level in nearly a decade,
11 May 2012
Futures point to lower European start
European stock index futures pointed to a lower open today, resuming a two-week retreat
11 May 2012
Nikkei lower on China Ind. production
The Nikkei share average sank below 9,000 today to mark its sixth straight week of losses
10 May 2012
ISEQ rebounds on new Greek hopes
The main Dublin shares index inched out of the red again today as Greece's political turmoil entered its fourth day but odds of a Greek settlement grew and as US jobs data beat expectations.
10 May 2012
Mobile firms braced for cheaper roaming
Consumers in Europe will pay less for mobile phone calls, texts and Internet access when travelling abroad following a ruling today that could also prompt telecom companies to introduce cross-border deals to offset lost revenue.
10 May 2012
IBRC say Quinn evidence 'incredible'
A Dublin court was told today by lawyers representing IBRC, the former Anglo Irish Bank, that evidence from Sean Quinn denying that they had breached court orders in putting assets out of IBRC's reach is "incredible and fantastic".
10 May 2012
EU piles the pressure on Greece
In a loosely coordinated strategy, the EU's top officials are piling the pressure on Greece to formulate a way to stick to the bailout terms.
10 May 2012
Big demand for E27 a cup cat poop coffee
The Celtic Tiger may be extinct but there is growing demand for exotic "cat poop" coffee in Ireland at E26.59 per steaming cup.
10 May 2012
Wall St opens up on bargain hunting
U.S. stocks rose at the open today as recent weakness sent investors looking for bargains, with the S and P 500 appearing to find support after hitting a two-month low in the prior session.
10 May 2012
Greek unemployment hits record high
Greece's jobless rate hit a new record in February, underlining the hardship that drove voters to reject an international bailout and plunge the country deeper into crisis in Sunday's election.
10 May 2012
US jobless claims fall, trade gap widens
The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labour market was deteriorating after April's weak employment growth.
10 May 2012
ISEQ down on Greek political chaos
The main Dublin shares index slid further in to the red this morning as Greece's political turmoil entered its fourth day and odds of a Greek exit from the euro grew.
10 May 2012
RaboDirect appoint new Irish manager
Online savings bank RaboDirect, part of the Rabobank Group, has appointed Tim Bicknell as General Manager for Ireland.
10 May 2012
Merkel resists calls for growth stimulus
Chancellor Angela Merkel rejected calls from her centre-left opponents in Germany and Europe for economic stimulus policies that rely on new debt, warning parliament today that "growth on credit" would just tip Europe deeper into crisis.
10 May 2012
Ladbrokes end book on Greek euro exit
Want a flutter on Greece leaving the euro zone? Too late.
10 May 2012
BoE stops QE as inflation worries rise
The Bank of England voted not to give Britain's struggling economy another cash injection today as concerns over stubbornly high inflation outweigh the risk of a prolonged recession and renew dangers from the euro zone debt crisis.
10 May 2012
EU force cosmetics trademark withdrawal
In an EU row over trademarks, Helena Rubinstein and L'Oreal have been told to withdraw their brands "Botolist" and "Botocyl" respectively.
10 May 2012
A Lingus Regional launch Southend route
The first Aer Lingus Regional Dublin to London Southend service was officially launched at Dublin Airport this morning by Minister for Transport, Tourism and Sport, Leo Varadkar.
10 May 2012
Haughy's mansion for sale for E7.5m
Abbeyville, the former home of disgraced Taoiseach, Charles J Haughy, is up for sale with a E7.5m price tag.
10 May 2012
Inflation holds at 1.9pc in April
Inflation, as measured by the Consumer Price Index (CPI) remained unchanged in the month and stood at 1.9pc higher in April compared with April 2011, latest figures from the CSO reveal.
10 May 2012
Aviva cut job losses in Ireland to 540
Aviva today said that it has reduced the number of redundancies it will seek from its Irish workforce to 540 compared to the 770 it announced back in October of last year.
10 May 2012
Grafton revenue up, hit by bad weather
Builders merchants and DIY chain Grafton has this morning reported turnover growth of 5.3pc to E676m for the first four months of 2012 though sales were affected by the atrocious weather in the UK and Ireland in the traditionally busy month of April.
10 May 2012
Providence Barryroe seismic breakthrough
A review of seismic data on Providence Resources' Barryroe licence off the South coast shows that the reservoir of oil already found through drilling is widely developed in the area, the company said this morning.
10 May 2012
Kingspan puts in solid performance in Q1
Cavan-based insulation materials group, Kingspan, this morning said it managed to grow sales to E473m in the first four months of the year - a rise of 8pc on the same period last year amid signs of stability in the construction market.
10 May 2012
Fyffes ups profit target after strong Q1
Dublin-listed fruit importer, Fyffes, this morning said it is increasing its full year 2012 profits forecast to between E25m and E30m from a previous forecast of E22m to E27m after a strong performance in the first quarter.
10 May 2012
Danske to re-brand NIB for wind-down
Danish bank, Danske, today said that it plans to re-brand and set up a new unit to wind down its loans portfolio at National Irish Bank.
10 May 2012
Growth on credit to bring crises-Merkel
Chancellor Angela Merkel rejected calls from her centre-left opponents in Germany and Europe for economic stimulus policies
10 May 2012
Facebook IPO will create new IT ventures
The Facebook IPO will put a lot of money into the hands of young and smart people who know their way around the Internet and the whole area of IT
10 May 2012
BT new customers result in dividend
Britain's biggest fixed-line telecoms firm BT hiked its dividend today after deep spending cuts and strong demand for broadband helped the group
10 May 2012
ISEQ recovers-Inflation trends examined
The ISEQ is slightly higher this morning at 3,127 as European markets stage a bit of a rebound following Spain's actions to shore up
10 May 2012
Statoil to pump giant new well in 2018
Statoil expects production at its giant Johan Sverdrup oil field off Norway, one of the biggest oil discoveries last year, to start
10 May 2012
European markets up in choppy trading
European shares rallied early today, having hit four-month lows in the previous session, but trading look set to be choppy
10 May 2012
Conoco Phillips to sell Nigerian assets
U.S. oil group ConocoPhillips has hired BNP Paribas to help sell its Nigerian assets, including on-shore
10 May 2012
Roundup-AIB returns to bond market
Allied Irish Banks returned to the debt markets yesterday for the first time since the crisis hit, raising E395m in bonds
10 May 2012
Bankia takeover by Government hits stock
Spain took over Bankia, the country's fourth biggest lender, on Wednesday, trying to dispel concerns over the government's ability to clean up
10 May 2012
Bank of England likely to end QE today
The Bank of England looks set to call a halt to its asset-buying programme today, despite the economy having slipped into recession
10 May 2012
Sony posts record losses for 2011
Japanese consumer electronics giant Sony Corp posted a record net loss of 456.7 billion yen ($5.74 billion) for the year just ended
10 May 2012
Futures point to European stock rebound
European stock index futures rose today, pointing to a tentative recovery following an almost uninterrupted 10-day slide
10 May 2012
Nikkei lower on China trade worries
Japan's Nikkei average slid down 0.4 percent today after lurching in and out of positive
10 May 2012
China's April trade , growth doubted
China's headline growth in imports unexpectedly stalled in April and exports were weaker-than-expected
09 May 2012
ISEQ loss turns to gain at close, CRH up
The ISEQ went on a roller-coaster ride today with steep losses throughout the day going in to reverse by the close as investors chose to ignore the looming Greek and Spanish crisis and opt for key stocks, especially CRH.
09 May 2012
Wall St falls at open on Greek fears
U.S. stocks fell sharply in morning trade today, with indexes extending losses to session lows, as political uncertainty hung over Greece and concerns arose over the frail state of Spanish banks.
09 May 2012
Dail cmty wants more exploration tax
The Joint Committee on Communications, Natural Resources and Agriculture, in a report launched today, recommends a new fiscal licencing regime and greater public consultation on Offshore Oil and Gas exploration.
09 May 2012
EU says Spain will miss budget targets
Spain is set to miss its deficit reduction targets this year and next unless it takes new measures, the European Commission will forecast on Friday, but Madrid insists the targets will be met, Spanish and EU officials said.
09 May 2012
Spain demands banks face up to losses
Spain stepped up efforts to save its troubled banks with a plan to make them recognise huge losses from a property crash, but uncertainty over the final cost of a rescue hit the euro, Spanish debt and global stock markets.
09 May 2012
Germans say up to Greeks to stay in euro
German Foreign Minister Guido Westerwelle said today that it was up to Greece if it wanted to stay in the euro zone.
09 May 2012
AIB issues E395m UK mortgage bond
AIB today said it has successfully launched a E395m equivalent of Sterling UK Prime RMBS public bond.
09 May 2012
Temp 9pc tourism VAT to stay 'til 2013
Minister for Transport, Tourism and Sport Leo Varadkar has told the Dail today that the temporary 9pc VAT rate for tourism services such as restaurant meals and hotel accommodation will now apply to the end of 2013.
09 May 2012
Top Euro science invest event for Dublin
Some of Europe's top science start-ups will gather in the Guinness Storehouse in Dublin this July before an international panel of investors for 'Investing in Science 2012', as part of the Euroscience Open Forum 2012 (ESOF 2012).
09 May 2012
Irish Whiskey Week whets the appetite
Ireland's inaugural Whiskey Week, a celebration of one of the country's most celebrated and successful products, was launched today by representatives of three of the country's leading distilleries - Irish Distillers, Grants and Cooley Distillery.
09 May 2012
Ryanair say Gov should have sold Shannon
Ryanair today said that the Government has missed an opportunity to sell Shannon Airport to a private sector buyer who would invest in infrastructure and growth.
09 May 2012
ISEQ plunges below 3,100 on crisis fears
The ISEQ plunged below the 3,100 mark as Greece remained in crisis mode and concerns grew over Spanish banks' capital positions.
09 May 2012
Van Rompuy visits Sarko, Hollande
European Council President Herman Van Rompuy is meeting French outgoing president Nicolas Sarkozy in Paris today, an official at Sarkozy's office said.
09 May 2012
Shannon Airport to break away from DAA
The Government today said it has decided to separate Shannon Airport from the Dublin Airport Authority and bring it together with Shannon Development to form a new entity.
09 May 2012
ECC launch consumer tips for Trap's Army
With at least 20,000 Irish fans expected to travel to Poland to support Trap's army next month, the European Consumer Centre (ECC) Ireland has prepared a consumer's guide to the tournament packed with tips and advice.
09 May 2012
Glanbia reiterates 5-7pc growth forecast
Despite what it called "a more challenging operating environment this year" Irish food group, Glanbia, today said it is sticking to its full year earnings per share growth forecast of between 5pc and 7pc.
09 May 2012
Irish Tourism blitz on Toronto, Boston
Tourism operators from around Ireland travelled to the US and Canada recently to participate in Tourism Ireland's latest 'Jump into Ireland' sales blitz, which took place in the cities of Boston and Toronto.
09 May 2012
Euro under pressure from Greek crisis
The euro closed in on a three-month low and safe-haven German bonds rose today as political disarray in Greece and the rising costs of fixing Spain's banks fueled fears the euro zone's debt crisis was worsening.
09 May 2012
Bankers win bonus Commerzbank pay case
More than 100 London-based bankers scored a rare victory over bonuses when a judge ruled that Commerzbank, Germany's second-largest lender, breached its legal duties by failing to honour payout pledges worth around 52 million euros.
09 May 2012
London to lose 25,000 finance jobs
Jobs in London's finance sector will slump to their lowest level for 16 years as the euro zone crisis is predicted to cause over 25,000 layoffs in 2012.
09 May 2012
ZMDI Limerick centre creates 35 jobs
ZMDI, a German-based semiconductor company focused on energy efficiency, is establishing an R and D design centre in Limerick.
09 May 2012
CRH sales hit by weather, euro turmoil
Severe weather conditions in February and the ongoing impact on sentiment of volatility in Eurozone financial markets hit CRH's earnings in the first four months of this year, the company said in an interim management statement today.
09 May 2012
United Drug pre-tax profits rise 7pc
Pre-tax profits at Dublin-listed United Drug rose by 7pc in the half year to the end of March to E28.1m largely thanks to strong earnings growth at its international healthcare services division.
09 May 2012
IMF pleased with Romania progress
Romania has shown strong commitment to its 5 billion euro aid deal and reached most of its targets, enabling it to start reversing some state pay
09 May 2012
FTSE steadies following huge falls
rally by heavyweight banks and miners dragged Britain's top share index modestly higher today, with the market mainly steadying following
09 May 2012
Australia sees commodities boom dimming
There is a creeping realisation inside Australia that the nation's commodities boom is becoming harder work, with project costs blowing out
09 May 2012
ISEQ holding- CRH prospects examined
There was a short lived recovery in the ISEQ this morning however European markets turned on worries for Spanish banking and it's possible implications
09 May 2012
European markets hit by Spanish banks
European shares edge lower early today, dragged down by Spanish banks on concerns they will be forced to raise money money to cover their
09 May 2012
Car sales in China slow to 12.5pc rise
Car sales in China rose 12.5 percent in April from a year earlier, the China Association of Automobile Manufacturers (CAAM) said today
09 May 2012
Carlsberg hit by Russian taxes
Danish brewer Carlsberg failed to meet first-quarter profit forecasts after its crucial Russian market took another hit from beer tax hikes
09 May 2012
Sainsbury sees UK profits increase
J Sainsbury, Britain's No.3 grocer, posted annual profit towards the top end of expectations as it lured cash-strapped shoppers to its cheaper
09 May 2012
Roundup-Tullow's Kenya oil find
Shares in Tullow Oil surged yesterday on the first day of trading in the company after it increased its estimated reserves at a discovery
09 May 2012
CRH says Europe slow but US rises
Ireland-based building materials group CRH said bad weather and volatile European markets dented earnings in the first four months of the year
09 May 2012
Oil falls for 6th session on Greek fears
Brent crude slipped towards $112 this morning maintaining its downtrend for a sixth session, as political uncertainty in the debt-laden
09 May 2012
Natural Gas is hot investment in China
China's big state companies, confident on the outlook for domestic natural gas reforms, are buying up local distributors and raising fresh
09 May 2012
Toyota back to profit with $3 billion
Toyota Motor Corp, Japan's top automaker, said quarterly operating profit jumped more than five-fold to $3 billion and would treble in the
09 May 2012
Nikkei lower on Greek uncertainties
Japan's Nikkei share average fell 1.5 percent today to a fresh three-month closing low as
09 May 2012
Britain seeks Iran insurance ban delay
Britain is seeking to persuade fellow European Union members to postpone by up to six months a ban on providing insurance for tankers carrying Iranian
09 May 2012
Euro under pressure on Greek impasse
The euro fell close to a recent three-month low today, on worries that political uncertainty in Greece
08 May 2012
Honohan: Jury out on SMP programme
Central Bank Governor, Patrick Honohan said today that what he was most concerned about in the Irish economy was residential mortgages and that the central bank wanted to see lenders to do more to manage significant losses.
08 May 2012
ISEQ slumps as Greek crisis deepens
The ISEQ fell sharply again today as Greece struggled to form a new government, worrying markets that a new phase of the region's debt crisis is brewing.
08 May 2012
Oil prices tumble on Greek crisis
Oil prices tumbled for a fifth day today as Greece's post-election uncertainty added to indications of economic slowdown on both sides of the Atlantic and fanned concerns about weakening demand for petroleum as supply increases.
08 May 2012
Wall St slumps on Greek worries
U.S. stocks fell today as Greece's bailout pledge came into question, adding to worries France and Germany may split on how to tackle the region's debt crisis.
08 May 2012
European air traffic falls in Q1
European air traffic fell in the first quarter of 2012 compared to the same period last year, two aviation bodies said today, with the decline blamed on Europe's debt crisis and the lingering effects of the Arab Spring unrest.
08 May 2012
Germans to Greeks: No cuts, no aid
Leading German politicians warned Greece today that the country would not receive a cent more aid unless it fulfils all the conditions of its international bailout.
08 May 2012
Merger, acquisition deals up in Q1
The first quarter of 2012 showed an 11.4pc increase in deal activity on the last quarter of 2011, latest figures from NCB show.
08 May 2012
EU leaders for extraordinary meeting
EU president Herman Van Rompuy announced the date for an "informal dinner of heads of state or government" on Twitter today.
08 May 2012
Magnet launch fibre to home in Wembley
Ireland's Magnet Networks today announced that it has launched Fibre-to-the Home (FTTH) services in the UK.
08 May 2012
German industry output shoots up
German industry output shot up far more than expected in March, lifting hopes Europe's biggest economy will gather steam this year and highlighting its economic divergence with much of the rest of the euro zone.
08 May 2012
Rehn: We must balance growth, austerity
European Union countries must strike a balance between efforts to boost growth and to consolidate public finances, EU Economic and Monetary Affairs Commissioner Olli Rehn said today.
08 May 2012
ISEQ down as new euro crisis brews
The ISEQ fell sharply this morning as Greece struggled to form a new government, worrying markets that a new phase of the region's debt crisis was brewing.
08 May 2012
AIB in E250m agri investment scheme
AIB today announced the launch of a E250 million Agri Investment Programme.
08 May 2012
Consumer sentiment up for 4th month
Consumer sentiment rose for the fourth straight month in April as fears over the economy and personal finances eased, the latest KBC Bank Ireland/ESRI Consumer Sentiment Index shows.
08 May 2012
NAMA in anti-negative equity scheme
NAMA today launched a pilot scheme covering 115 houses where a buyer will be protected from decreases of up to 20pc in the value of their property over the next five years.
08 May 2012
Aviva CEO quits in investor revolt
Aviva's Chief Executive Andrew Moss became the first casualty of a mounting appetite among investors to challenge executive pay, stepping down from his role after the insurer's remuneration plans were voted down by shareholders last week.
08 May 2012
10k firms get online through scheme
Ten thousand businesses have gone online using gettingbusinessonline.ie since the national initiative, spearheaded by Google and its partners, was launched by Taoiseach Enda Kenny almost a year ago.
08 May 2012
New cars licensed falls 16pc in April
There were 9,388 new private cars licensed in April 2012, compared with 11,171 in April 2011, a decrease of 16.0pc, latest figures from the CSO reveal.
08 May 2012
Ballygowan wins McDonald's contract
McDonald's Ireland has teamed up with Ballygowan Natural Mineral Water, with the Limerick based company set to become the exclusive bottled water supplier to McDonald's 81 restaurants across Ireland.
08 May 2012
NCA urge us to ditch credit card debt
The National Consumer Agency (NCA) has today issued 'ditch your credit card debt', an online guide for consumers who are struggling to clear their credit card debt.
08 May 2012
Professional jobs up 5pc in April
There was an annual rise in the number of new professional job opportunities in April, though new openings were down 4pc compared to March, the latest Morgan McKinley Irish Employment Monitor found today.
08 May 2012
Irish energy price index stays high
There was no change in the Bord Gais Energy Index for April following seven consecutive months of rising wholesale fuel prices.
08 May 2012
Tullow finds more oil in Kenya drill
London-listed Irish exploration firm, Tullow Oil, said it has found greater quantities of oil at its Turkana drilling project in Kenya than it had previously thought.
08 May 2012
Web security firm create 100 Dublin jobs
US-based Internet security firm, Total Defense Internet Security Ireland Limited, is setting up a European Operations Hub in Ballsbridge, Dublin 4 with the creation of 100 jobs.
08 May 2012
Euro vulnerable to Greece and France
The euro fell today and was vulnerable to more losses on worries that political uncertainty in Greece and a change of French president
08 May 2012
Norway in major carbon capture launch
Norway on Monday launched the world's largest facility of its kind to develop carbon capture and storage
08 May 2012
Hong Kong ends lower for 4 straight days
Hong Kong shares suffered a fourth consecutive loss today as weakness in Chinese property developers helped reverse early gains
08 May 2012
Oil prices fall for 5th straight day
Brent crude oil fell below $113 a barrel this morning in a fifth day of losses as economic slowdown on both sides of the Atlantic deepened fears
08 May 2012
ISEQ lower-Clarity needed on Treaty
The ISEQ is lower again this morning following recent huge drops and currently stands at 3,153, down 100 points in a matter of two business
08 May 2012
European markets open lower on Greece
European shares traded lower this morning, pausing after a sharp rise in the previous session, with concerns about Greece growing
08 May 2012
Roundup-Irish economy to grow by 1pc
The Irish economy will grow 1pc this year, employers' group IBEC has predicted, beating government forecasts of a 0.7pc rise.
08 May 2012
Toshiba boosted by iPhone sales
Japan's leading chip maker Toshiba Corp said today it expects a 45 percent jump in profits this business year, boosted by robust demand
08 May 2012
Nikkei higher in nervous trading
Japan's Nikkei share average rose from a three-month low today as investors reassessed the immediate impact of French and Greek
08 May 2012
US stock market shrugs off Europe result
Investors brushed off Europe's election results, as the S and P 500 rebounded from early losses to end nearly unchanged on Monday
08 May 2012
IMF shows more flexibility on deficits
The International Monetary Fund showed some new flexibility on Monday over how quickly it would press deeply indebted countries to bring their
08 May 2012
Oil steadies following four day losses
Brent crude held steady above $113 a barrel today, recovering slightly after four straight sessions of losses caused by fears that the slowing
08 May 2012
British house prices fall sharply in Apr
British house prices fell at their fastest pace for six months in April as a temporary boost from a tax holiday and unseasonally warm weather
08 May 2012
Euro lower on Greek and Frwench results
The euro eased today but stayed above the previous day's three-month low, with the potential for short covering
04 May 2012
ISEQ plunges on US recovery fears
The main Dublin shares index closed the week on a major downer amid growing as new figures from the US cast doubt on the prospects for a strong US economic recovery and ahead of crucial elections in France and Greece this weekend.
04 May 2012
UCD students target Asia trade
The winners have been announced of a new award that challenges students to develop competitive strategies for entering Asian markets.
04 May 2012
Acorn "Mad Men" win top accolade
Dublin-based marketing agency Acorn has been awarded the prestigious 'Agency of the Year' for a second year in a row at the An Post Direct Marketing Awards which took place in Dublin's Mansion House last night.
04 May 2012
Chelsea FC bid for NAMA's Battersea
Chelsea Football Club has made a bid to buy London's Battersea Power Station, which is partly owned by NAMA, to build a new stadium.
04 May 2012
EU downbeat on global copyright law
A European Commission vice president said today a planned global pact to crack down on fake consumer goods and medicines and websites that break copyright laws would probably never come into force, because of strong opposition.
04 May 2012
Denis O'Brien poised for INM bid
Denis O'Brien, Ireland's richest businessman, will make a bid to buy out Independent News and Media after making his second strategic purchase of shares.
04 May 2012
Wall St opens lower after jobs data
U.S. stocks opened lower today after the April payroll report came in well below expectations.
04 May 2012
Hollande sees agreement with Merkel
French Socialist Francois Hollande will seek to lay the foundations of a new Franco-German consensus on growth and ease fears of a breakdown in relations on his first trip to Berlin if elected president, a close adviser said today.
04 May 2012
"Made in Space" label coming soon
The European Space Agency is hatching plans for a branding campaign aimed at making people more aware of the benefits of spending their hard-earned taxes on the International Space Station (ISS).
04 May 2012
A Lingus to pay 1st dividend since 2009
For the first time since 2009, Aer Lingus will pay a dividend to shareholders to reflect what it says is a turnaround in its fortunes.
04 May 2012
US jobless figures down for 2nd months
U.S. employers decreased hiring for the second straight month in April but the unemployment rate still fell to 8.1 percent, giving mixed messages about the economy's strength ahead of President Barack Obama's November re-election bid.
04 May 2012
ISEQ slides ahead of US jobs data
The ISEQ fell sharply this morning ahead of key jobs data from the US and ahead of crucial elections in France and Greece this weekend.
04 May 2012
Oil prices fall to USD115 a barrel
Oil slipped to around $115 per barrel today, ahead of a U.S. payrolls report, and was set for its steepest weekly fall since December due to concerns over the health of the global economy and easing fears over supply disruption.
04 May 2012
IFSC target USD200bn green assets
The Green IFSC has revealed at its inaugural tax briefing that it aims to increase 'green' assets managed or serviced in Ireland from $10bn to $200bn in the coming years.
04 May 2012
Denis O'Brien INM stake hits 27.95pc
Ireland's wealthiest businessman, Denis O'Brien, has increased his stake in Independent News and Media to 27.95pc after buying more shares.
04 May 2012
Irish firms save E150m on energy cost
Irish-based businesses engaged in advanced energy management are avoiding E150 million in energy costs and are setting world class standards, according to the Sustainable Energy Authority of Ireland (SEAI) today.
04 May 2012
Plan for huge energy invest for West
A plan to bring 21st century energy infrastructure to the West of Ireland as part of a E3.2 billion Grid25 overhaul of the national grid was launched by EirGrid today.
04 May 2012
March industry production down 2.5pc
Production for Ireland's Manufacturing Industries for March 2012 was 2.5pc lower than the previous month, latest figures from the CSO reveal.
04 May 2012
bmibaby stops flying in to Knock
No-frills British airline, bmibaby, is to stop flying in and out of Knock Airport.
04 May 2012
Tullow disappointed by Ghana drill
Irish oil exploration and production company Tullow Oil's partner in an offshore Ghana project has reported negative results from an appraisal well.
04 May 2012
Davy says property crash far from over
The collapse in the Irish property market is not over with prices expected to fall by up to 70pc from the house price bubble peak before they bottom out, according to a report from Davy today.
04 May 2012
Aer Lingus April passenger numbers up
Aer Lingus this morning said that its total flown passenger numbers, including Aer Lingus Regional operations, increased by 3.2pc last month compared to April of last year.
04 May 2012
Cylon create 50 jobs in E11m expansion
Cylon, the Dublin-based developer of energy management systems and services, today said that it would invest over E11 million in an ambitious expansion programme that will create 50 new jobs.
04 May 2012
Smurfit Kappa earnings beat expectations
Irish packaging group Smurfit Kappa's reported a 1pc rise in earnings in the first quarter, ahead of expectations, and said its forecast for 2012 will be broadly in line with last year.
04 May 2012
Ulster Bank operating losses narrow
Operating losses at Ulster Bank narrowed to Stg310m (E382m) in the first three months of this year as it took on less impairment charges for bad loans, its part-nationalised British parent, Royal Bank of Scotland said today.
04 May 2012
State owned RBS returns to profit
State-backed Royal Bank of Scotland said it was on the path to recovery after a better-than-expected quarterly profit
04 May 2012
Britain's economy to be flat in 2012
Britain's economy will be flat this year before entering a period of growth in 2013, a leading think-tank said today
04 May 2012
European services falling sharply
The euro zone's vast services sector shrivelled at a much faster rate in April than initially thought, a business survey showed today
04 May 2012
ISEQ lower-Industrial production data
The ISEQ is lower this morning at 3,246, a fall of 9 points on yesterday's weak closing level.
04 May 2012
Samsung launch new Galaxy
Samsung Electronics unveiled a new top-of-the-range Galaxy smartphone in London on Thursday
04 May 2012
Spanish services fall for 10th month
Spain's services sector contracted for the 10th month in a row in April, a survey showed today
04 May 2012
European stocks fall ahead of weekend
Europe's top shares fell early this morning ahead of U.S. jobs data and a potentially tumultuous weekend for European politics
04 May 2012
Roundup-Quinn guilty of illicit charade
A $45m (E34m) property debt was transferred from one of bankrupt businessman Sean Quinn's companies to put it beyond the reach of a creditor
04 May 2012
US to regulate oil and gas fracking
The Obama administration wants to clamp down on shale gas drilling on public lands and set standards that proponents of tougher regulation
04 May 2012
China's services sector takes off
China's services sector enjoyed its busiest month in half a year in April, with business expectations at their highest level in 12 months,
04 May 2012
United Airlines to order up to 200
United Airlines is putting the finishing touches on an order for at least 100 Boeing Co 737 narrowbody jets potentially worth $10 billion
04 May 2012
Asian markets fall on faltering growth
Asian shares fell for a second straight day today and industrial commodities such as oil and copper were on course for weekly losses
04 May 2012
Russia services grow but only just
Russia's services sector grew at its weakest rate since September 2010 last month, reflecting a slower rise in new business and offseting optimism
04 May 2012
European futures signal losses
European stock index futures pointed to a lower open today as investors braced for U.S. monthly jobs figures
04 May 2012
US hiring likely but not enough
U.S. employers likely increased hiring in April, although not enough to lower the country's 8.2 percent jobless
03 May 2012
ISEQ loses steam as ECB, US data weighs
The ISEQ lost ground it made in morning trading and failed to live up to hopes of a three day rally as investors registered disappointment at the ECB's missed opportunity and weak US economic data.
03 May 2012
Shares fall, oil tumbles on US data
Global stocks and crude oil fell today after a slower-than-expected expansion in the U.S. economy's service sector and weak retail sales damped optimism a day before a highly anticipated labour market report for April.
03 May 2012
Euro rises after Draghi's comments
The euro rose against the yen and rallied from two-week lows versus the U.S. dollar today after ECB chief Mario Draghi gave a more upbeat assessment of the euro zone economy than expected, reducing expectations for further monetary easing.
03 May 2012
US services sector growth slows in April
The pace of growth in the vast U.S. services sector slowed more than expected in April, while new orders dropped, according to an industry report released today.
03 May 2012
Westlife star's property firm goes bust
Westlife singer Shane Filan's property development company Shafin Developments was left flying without wings after it was today taken into receivership, leaving debts of nearly E5m.
03 May 2012
Irish April pension fund returns stall
Irish pension managed funds delivered small, mostly negative returns during April, showing an average drop of -0.5pc for the month, according to Rubicon Consulting.
03 May 2012
Draghi: Ezone needs growth and austerity
ECB President Mario Draghi, reflecting growing anxiety among Europeans about their economic plight, said today growth should be at the heart of euro zone policy but it needed to go hand in hand with fiscal austerity.
03 May 2012
Providence backs Irish Olympic sail team
The Irish Sailing Association today said that Providence Resources, the Irish oil and gas exploration and production company, are to sponsor the Irish Olympic Sailing Team.
03 May 2012
Ryanair April passenger number up 6pc
Ryanair carried 6pc more passengers last month than in April of last year, the airline's latest traffic figures show.
03 May 2012
Total buy saves 200 Clonmel jobs
Fresh foods group, Total Produce, today said that it has become a 50pc shareholder in a newly-formed company in a move that will save 200 workers from redundancy.
03 May 2012
SAP to create 250 jobs in Dublin, Galway
SAP, the largest software company in Europe, is investing E110m to create 250 new jobs at its Dublin and Galway facilities.
03 May 2012
ISEQ up but investors remain nervous
The ISEQ continued its slow upward push this morning though there was no dramatic rebound as investors remain nervous ahead of French and Greek elections and Spain's successful but expensive bond auction.
03 May 2012
ECB holds rates as expected
The European Central Bank held its main interest rate at 1.0 percent today as stubborn inflation offset pressure to loosen borrowing costs further to support the weak euro zone economy.
03 May 2012
Bonovox create jobs in Irish expansion
Hearing aid retailer, bonovox, has today announced that it is on a recruitment drive looking to employ 15 people over the next 12 months as it grows its Irish business.
03 May 2012
Greek election set to rock the eurozone
Overshadowed by the prospect of a Socialist win in France's presidential vote, the parliamentary election in Greece on Sunday carries far greater risks for the euro zone.
03 May 2012
Bill published to protect subcontractors
The Government today introduced the Construction Contracts Bill into the Dail, saying it is designed to protect small building sub contractors that have been denied payments from bigger companies.
03 May 2012
Ad Institute wants fairness from RTE
The Institute of Advertising Practitioners in Ireland (IAPI) today said that it believes that RTE's new trading scheme is still not structured according to the best interests of the industry.
03 May 2012
PREM expands to Polish city of Lodz
Irish hotel management company, PREM Group, will open its eighth IHG branded hotel this month with the launch of the Holiday Inn in the Polish city of Lodz.
03 May 2012
Spain's borrowing cost jumps at auction
Spain's borrowing costs jumped at an auction of three- and five-year bonds today, though the sale met strong demand in a sign that investors are not losing their appetite for the country's debt if the price is right.
03 May 2012
ECB set to hold interest rates
The European Central Bank is expected to keep its benchmark interest rate at a record low of 1 per cent when the Governing Council meets today in Barcelona.
03 May 2012
Circle see 20pc rise in Egypt production
Limerick-based exploration and production firm, Circle Oil, today said it has seen a 20pc rise in oil production resulting from latest find on Al Amir in Egypt.
03 May 2012
A Lingus upgrades its 12 profit forecast
Aer Lingus upgraded its 2012 operating profit forecast today, saying it expected to match last year's 49 million euros as higher revenue per passenger mile compensated for growing costs.
03 May 2012
Services sector in growth for 3rd month
Ireland's key services sector registered growth in activity for the third month in a row in April, the latest NCB services PMI survey showed today.
03 May 2012
FTSE higher as banks recover
Britain's top share index rallied today, led by banking stocks which recovered some of the previous session's falls
03 May 2012
SAP to add 250 jobs in Dublin and Galway
SAP, Europe's largest software company is to add a further 250 jobs in Dublin and Galway.
03 May 2012
World food prices ease in April
World food prices eased in April after three months of gains, driven down by falls in grains and sugar
03 May 2012
ISEQ higher-Services PMI rises again
The ISEQ rose this morning to 3,285, up 14 on Wednesday's closing levels and firmly in positive territory
03 May 2012
European markets rise, Soc Gen reassures
European stocks rose early today, reversing the previous day's losses as banks rallied after Societe Generale posted reassuring results
03 May 2012
Diageo sales rise in Asia lifts group
Sales at Diageo, the world's biggest distilled drinks group, were up 6 percent in the first three months
03 May 2012
Roundup-INM not to sell stake in APN
Australian media company APN News & Media told shareholders that Dublin-based Independent News & Media has no plans to sell its 30pc stake
03 May 2012
Britain's retail highly competitive
Britain's No.4 grocer Wm Morrison Supermarkets posted a fall in underlying sales in its first quarter
03 May 2012
BMW sales to Asia boost results
BMW, the world's largest luxury carmaker, posted first-quarter earnings today that beat even the most optimistic expectations
03 May 2012
New products for troubled Nokia
Nokia's outgoing Chairman Jorma Ollila promised a range of new products ahead of a meeting today with shareholders
03 May 2012
Chinese services sector retreat in April
China's non-Manufacturing Purchasing Managers' Index (PMI) showed today that the services sector cooled last month
03 May 2012
Asian stocks slip, economic data concern
Asian shares slipped today and the euro languished near a two-week low after disappointing economic data
03 May 2012
Ireland's services grow again in April
Ireland's services sector grew for the third straight month in April, but business expectations slipped
03 May 2012
Ireland's services grow again in April
Ireland's services sector grew for the third straight month in April, but business expectations slipped
02 May 2012
Retail groups welcome new planning laws
Retail organisations have unanimously welcomed the new planning guidelines just published by the Department of the Environment.
02 May 2012
ISEQ dips in and out of red on economy
The main Dublin shares index dipped in and out of the red today as investors kept a wary eye on manufacturing and unemployment figures from the eurozone pointing towards a deepening recession.
02 May 2012
Tax revenues rise by E1.2bn in yr to Apr
The latest Exchequer Returns show that tax revenues in the first four months of 2012 amounted to E10,800 million, an increase of just under E1.2 billion (12.4pc) on the same period in 2011.
02 May 2012
US jobs growth slows down in April
U.S. companies hired a far fewer than expected 119,000 people in April, the smallest gain in seven months and adding to concerns that the economy has lost some of its momentum.
02 May 2012
Euro falls for third straight day
The euro fell for a third straight session against the dollar today after soft European data rekindled fears about a deep and broader slowdown in the region ahead of key elections in France and Greece.
02 May 2012
AON CEO is new Insurance Institute chief
The Insurance Institute of Ireland (III) today said that Richard Endersen, CEO of Aon Insurance Ireland, has been elected as its new president.
02 May 2012
Dublin's CIS buys Belfast's Unearthore
Dublin based planning and building project data and services group, Construction Information Services (CIS), has bought out its biggest competitor, Belfast's Unearthore, for an undisclosed sum.
02 May 2012
Five firms a day went bust in April
An average of five companies a day went bust in April with 154 insolvencies recorded, a 15pc rise on compared to the 130 Insolvencies recorded in March, latest InsolvencyJournal.ie figures reveal today.
02 May 2012
Sky results help distance Murdoch
Satellite broadcaster BSkyB sought to distance itself from the controversy over phone hacking at its biggest shareholder today after British lawmakers suggested the ties to Rupert Murdoch's News Corp might endanger its licence.
02 May 2012
CPA conference looks at where we are now
As a Nation, we have been fire-fighting, improvising and strategising since we plunged into recession in 2008.
02 May 2012
ISEQ up but held by weak euro economies
The main Dublin shares index rose modestly this morning but investors kept a wary eye on manufacturing and unemployment figures from the eurozone pointing towards a deepening recession.
02 May 2012
Hollande wants ECB to up bailout cash
The ECB should more actively help struggling euro zone states by lending them money via the region's bailout fund, the man on course to be France's next president said today.
02 May 2012
Eurozone jobless at 15-year high
Unemployment in the euro zone rose to 10.9pc in March, equalling the record high of 15 years ago, data showed today, driven by rises in Italy and Spain.
02 May 2012
Eurozone manufacturing in decline
The euro zone's manufacturing sector slipped further into decline last month as a downturn that started in the periphery appears to be taking root among core members France and Germany, a survey showed today.
02 May 2012
S and P lifts Greek credit rating
Standard and Poor's raised Greece's credit rating to low-speculative grade today, lifting it out of default territory as expected, after Athens completed the biggest sovereign debt restructuring in financial history.
02 May 2012
Kerry says Q1 revenue, trading profit up
Despite what it says are more challenging trading conditions across its markets, Irish food giant, Kerry, today said that the first three months of this year saw all its businesses continue to perform "satisfactorily".
02 May 2012
2011 worst ever for property investment
The Irish investment market has been stagnant now for virtually four years with 2011 the worst year in this cycle with the total investment turnover only E25 million for the entire 12 months.
02 May 2012
Dublin business mood on the up again
Four out of five company's (80pc) have reported that their level of business has either increased or remained stable over the past three months, according to the latest Dublin Chamber of Commerce member survey.
02 May 2012
New retail planning laws relax size cap
The Government today published new Retail Planning Guidelines that will, among other measures, relax the laws governing the size of retail outlets and open the door for global multiples such as Asda to enter the market here.
02 May 2012
Tourism numbers dip 1.2pc in first Q
The total number of trips to Ireland decreased by 1.2pc to 1,165,100 in the first quarter of this year, an overall decrease of 13,700 compared to the same period twelve months earlier, latest CSO figures show.
02 May 2012
Live Register holds steady in April
With just 100 more signing on the Live Register in April compared to March, the basis rate of unemployment remained essentially unchanged last month, latest official figures from the CSO showed today.
02 May 2012
30 Irish for New Orleans wireless event
Over 30 Irish telecoms and wireless companies are travelling to New Orleans, Louisiana with Enterprise Ireland this week to participate in this year's CTIA Wireless Conference 2012 on May 8-10.
02 May 2012
Fingal craft firms win New Jersey orders
Eight small craft companies from Fingal in Dublin have secured direct export orders of over $66,500 with $329, 500 in combined export orders projected for the year ahead.
02 May 2012
Argos stores may close as profits tumble
Home Retail, Britain's biggest household goods retailer, posted a 60 percent slump in year profit and axed its final dividend as its cash-strapped consumers bore the brunt of the economic downturn.
02 May 2012
Carbery sees profits climb 28pc in 2011
Carbery, the West Cork-based international food ingredients, flavours and cheese manufacturer, today posted full year 2011 revenues that rose by 14.5pc to E256.5m and profit before tax (PBT) that rose by 27.8pc to E8.7m.
02 May 2012
Exporters fear slowdown this year
Economic turmoil in the Eurozone economies prevented any real growth in Irish export growth in the first three months of the year and 2012 is expected to see a sharp slowdown in exports, the Irish Exporters Association (IEA) said today.
02 May 2012
FTSE lower on Eurozone concerns
Britain's leading share index fell in early trade today, following strong gains in the previous session when better than expected U.S. ISM
02 May 2012
Vestas posts quarterly loss of E245m
Vestas, the world's biggest wind turbine maker, reported a bigger-than-expected quarterly operating loss
02 May 2012
German manufacturing lower, exports fall
Germany's manufacturing sector shrank at the fastest pace in nearly three years in April, as export orders plunged
02 May 2012
ISEQ higher-Focus on Independent
The ISEQ is looking bright this morning with a rise of 16 points to leave the index at 3,277
02 May 2012
French output lower as orders fall
French manufacturing shrank for a second month in April as orders fell at the fastest pace in three years
02 May 2012
Italian output shrinks as concern grows
Italy's manufacturing sector shrank more than expected in April as new orders fell at their fastest rate in three years, a survey showed today
02 May 2012
Commodity prices likely to remain high
Commodity prices are likely to remain high for longer than in previous booms, Bank of Canada Governor Mark Carney said on Tuesday
02 May 2012
Fed held back by inflation fears
The risk of inflation is keeping the Federal Reserve from doing more to support the U.S. economy
02 May 2012
Roundup-Oracle Ireland profits increase
An Irish subsidiary of US software giant Oracle recorded a 79pc increase in pre-tax profits to $55m
02 May 2012
Asian manufacturing growth returns
Manufacturers in Asia upped their tempo in April to meet growing demand from overseas, in a sign that while the road to recovery might be bumpy
02 May 2012
Futures point to higher European opening
European stock index futures pointed to a sharply higher open today, with trading resumed after a holiday
02 May 2012
Asian stocks ahead on US growth hopes
Asian shares rose and the dollar recovered against the yen today after strong U.S. factory activity data
02 May 2012
UBS profits halved as provisions rise
UBS said first-quarter profit more than halved, dragged down by a 1.16 billion Swiss franc
02 May 2012
Nikkei steadies on US manufacturing data
Japan's Nikkei share average steadied today after the previous session's sharp fall as better-than-expected U.S. manufacturing data
01 May 2012
ISEQ makes strides in afternoon trade
The ISEQ made strides in afternoon trading as global and Irish investors reacted positively to data from the US pointing to a more robust recovery for the world's biggest economy.
01 May 2012
FTSE gains 1.3pc after strong US data
Britain's top share index jumped more than 1 percent today after stronger-than-expected U.S. manufacturing data gave a lift to global growth hopes, pulling commodity stocks higher.
01 May 2012
Cork firm fined over worker's death
Judge Patrick Moran at Cork Circuit Criminal Court today handed down a fine of E300,000 following a chemical explosion on the Corden Pharma site in Co. Cork four years ago when one employee was killed and a second seriously injured.
01 May 2012
Wall St rises after positive data
U.S. stocks rose today, with the Nasdaq Composite up 1 percent and the S and P 500 at a 1-month high after data showed the U.S. manufacturing sector unexpectedly grew.
01 May 2012
US manufacturing rises in April
The pace of growth in the U.S. manufacturing sector unexpectedly picked up in April, while new orders gained, according to an industry report released today.
01 May 2012
A Lingus Regional flies to Bournemouth
The first Aer Lingus Regional flight to Bournemouth took to the skies today from Dublin Airport.
01 May 2012
Avon calling lower profits, sales slip
Avon Products reported a 2 percent drop in quarterly sales after seeing the number of active sales representatives fall and the company dealt with higher costs.
01 May 2012
Europe marches against austerity
Thousands of workers across southern Europe protested against spending cuts in May Day rallies today, before weekend elections in Greece and France where voters are expected to punish leaders for austerity.
01 May 2012
Car sales down by a quarter in April
New car sales fell by 22pc in April, compared to the same month last year, latest figures from SIMI (Society of the Irish Motor Industry) showed today.
01 May 2012
Irish drinks sector worth E1bn exports
The Irish drinks industry is worth some E1 billion a year in export sales to the economy with huge potential for expansion.
01 May 2012
Ptsb cuts its variable mortgage rate
Permanent tsb bank has today announced a 0.5pc cut in the bank's Standard Variable Rate (SVR) for residential mortgage customers.
01 May 2012
ISEQ flat with European market holiday
The ISEQ hardly moved this morning with most of Europe's markets closed for the May holiday and little in the way of leads for investors.
01 May 2012
Noonan says tougher Budget if no vote
The next Budget will be even tougher than planned if the Irish electorate vote no at the end of the month on the Fiscal Treaty, Finance Minister, Michael Noonan, warned today.
01 May 2012
Pfizer beats all profits expectations
Pfizer Inc reported better-than-expected quarterly earnings as cost controls partly offset plunging sales of its Lipitor cholesterol fighter, now facing competition from cheaper generics.
01 May 2012
'Rupert Murdoch not fit to run company'
Rupert Murdoch is unfit to run a major international company and should take responsibility for a culture of illegal phone hacking that has shaken News Corp , a powerful British parliamentary committee said today.
01 May 2012
Airlines to pay to end Heathrow delays
Airlines using London Heathrow airport would be prepared to pay higher landing fees to cut long queues at the British hub which have reached "crisis" levels, according to the chief executive of British Airways owner IAG.
01 May 2012
Murdoch awaits verdict on hacking
Rupert Murdoch and his son James will be in the firing line today when a British parliamentary committee issues its verdict on a phone-hacking scandal that has convulsed the family media empire and undermined the British government.
01 May 2012
Lloyds warn of long road to recovery
British bank Lloyds warned of a "long and difficult" path to economic recovery as it set aside an extra 375 million pounds to compensate people mis-sold insurance, but cheered investors with lower bad debts.
01 May 2012
Aertv launch free sports channel
Online broadcaster, Aertv, today said it is adding a free sports channel - Aertv Sports - to its programming in partnership with Ballywire.
01 May 2012
'Shanghai on Shannon' gets planning
Planning authorities have given the go-ahead to a E175m Asian trading hub for Athlone being dubbed "Shanghai on Shannon"
01 May 2012
Mood of Ireland's CFOs on a high
Those who hold the purse-strings at Ireland's companies - Chief Financial Officers (CFOs) - are now more optimistic than they have been in a year, though they lament the ongoing credit squeeze.
01 May 2012
Simon Brett is new Providence CFO
Irish oil and gas prospector, Providence Resources, this morning said it has appointed Simon Brett as Chief Financial Officer with immediate effect.
01 May 2012
Factory output dips for 1st time in 3mts
While new export orders continued to grow, the pace of the recovery in the manufacturing sector weakened in April for the first time in three months, the latest NCB Manufacturing PMI index showed today.
01 May 2012
Signs of life in commercial property?
There has been a notable improvement in the volume of commercial properties being offered for sale in all sectors in recent months, according to property consultants, CBRE today.
01 May 2012
Etihad buys nearly 3pc of Aer Lingus
Aer Lingus today said Etihad Airways has acquired a 2.987 percent stake, as Abu Dhabi's flagship carrier makes further inroads into the European market.
01 May 2012
FTSE higher on better banking results
Britain's FTSE 100 bounced higher early today, with Lloyds among the top gainers after quarterly results,
01 May 2012
British manufacturing growth falters
British manufacturing eked out growth in April as an economic slowdown in the euro zone curbed demand for goods made in Britain
01 May 2012
Lloyds sees difficult British recovery
British bank Lloyds warned of a "long and difficult" path to economic recovery as it set aside an extra 375 million pounds
01 May 2012
ISEQ ahead-Focus on Aer Lingus
The ISEQ is up 11 points this morning at 3,236 amid a very mixed bag of information from China's positive PMI figures to poor results from oil
01 May 2012
BP profits fall despite huge oil prices
Oil producer BP reported a bigger-than-expected drop in profits today, despite an increase in crude prices
01 May 2012
Etihad builds 3pc stake in Aer Lingus
Aer Lingus has confirmed it is in talks with Abu Dhabi based Etihad Airways with a view to setting up a code-sharing partnership
01 May 2012
Roundup-Average house undervalued
THE average house is undervalued by up to E50,000, according to a new report on the state of the property market
01 May 2012
Boeing has Airbus for sale!
Boeing may soon be looking for buyers for long-range passenger jets built by arch-rival Airbus
01 May 2012
Delta Air Lines to buy oil refinery
Delta Air Lines Inc will buy a Pennsylvania oil refinery from ConocoPhillips for $150 million
01 May 2012
Dutch manufacturing lower in April
The Dutch manufacturing sector suffered a further deterioration in April as a decline in new orders led to a fall in output and employment
01 May 2012
Hyundai US plant accelerates production
Hyundai Motor Co will from September add a third shift of around 900 workers at its only U.S. plant, the South Korean firm said on Monday
01 May 2012
Greece's Euro membership at stake
Greece's Evangelos Venizelos, who will lead the ruling Socialists into the May 6 election, said in a newspaper interview today that euro membership
01 May 2012
Australia cuts base rate by 50bp
Australia's central bank today cut its main cash rate by a deeper-than-expected 50 basis points to 3.75
01 May 2012
Nikkei lower on European uncertainties
Japan's Nikkei share average shed 1.8 percent to hit a 2-1/2 month closing low today, hurt by uncertainty on the euro zone
01 May 2012
China's PMI indicates return to growth
China's official purchasing managers' index (PMI) rose to a 13-month high in April, signalling the economy has found a footing and may be recovering
30 April 2012
ISEQ slips in to the red on Spain fears
The ISEQ today lost some of the ground it made last week despite strong demand for FBD shares after its latest update for the market as investors looked to Spain and its faltering economy.
30 April 2012
Eircom Examiner refuses buy-out offer
The Examiner appointed to Eircom by a Dublin court earlier this month today said he has received an offer to buy the group but has refused it.
30 April 2012
Shares and euro fall on Spain worries
Global shares edged lower today, heading for their first monthly loss this year as Spain sank into recession and the U.S. economy showed signs of slowing.
30 April 2012
US consumer confidence surges in April
U.S. consumer confidence surged in the first quarter to its highest in more than four years as the economy improved, contrasting with still very low morale among debt-laden euro zone countries, a survey showed today.
30 April 2012
Iceland starting to recover from crisis
In this small Icelandic village, sailors are making double their pre-crisis pay, haddock sales to places like Boston and Brussels are booming and unemployment is almost zero - signs of this island's surprisingly rapid rise from the ashes of banking ruin.
30 April 2012
MOP to sponsor law scholarships
Matheson Ormsby Prentice (MOP) has announced that it is to sponsor a series of doctoral scholarships at the UCD School of Law.
30 April 2012
Wall St opens with slight losses
U.S. stocks edged lower at the open today following data that showed Americans only modestly increased spending in March and Spain had slipped into recession.
30 April 2012
Euro banks spend their cash on bonds
Growth in lending to euro zone firms and consumers slowed in March as banks scaled up purchases of government bonds, showing that an ambitious funding drive by the ECB has yet to trickle down to the real economy.
30 April 2012
Allsop gears up for property auction
Over a hundred properties - including, for the first time since the property bubble burst, an unfinished housing estate - will go under the hammer on Wednesday with ahat the auctioneers, Allsop Space, says is strong interest.
30 April 2012
C Bank: House prices could shoot up
House prices are currently undervalued by between 12 and 26pc and could shoot up given the right economic spark, according to new research from the Central Bank today.
30 April 2012
Karelian finds diamonds in drill survey
Professor Richard Conroy-led prospector, Karelian Diamonds, today said it has hit pay-dirt at its drilling programme at Seitapera in Finland.
30 April 2012
ISEQ flat despite FBD shares rise
The ISEQ barely moved this morning despite strong demand for FBD shares after its latest update for the market as investors looked to Spain and its faltering economy.
30 April 2012
Insolvency must include tracker factor
Proposals for personal insolvency are not taking account of the "tracker factor" that would leave the banks entirely off the hook, according to the Irish Brokers Association (IBA).
30 April 2012
CPA chief wants radical jobs rethink
A radical change in mindset is needed if Ireland is to tackle the current unemployment crisis, according to the newly elected President of the Institute of Certified Public Accountants in Ireland (CPA).
30 April 2012
Household lending down again in March
Loans to households continued to decline during March and were 3.9pc lower on a year-to-year basis while private sector deposits fell by 4.5pc in the year, latest figures from the Central Bank reveal.
30 April 2012
Seedcorn competition has E280k prize
Early stage and high growth companies are being urged to enter the Island's biggest business competition, the InterTradeIreland All-island Seedcorn Business Competition.
30 April 2012
Cicso to create 115 new jobs in Galway
Networking products group, Cisco, today said it is to hire 115 new staff as it invests E26m in its research and development facility in Oranmore in Co Galway.
30 April 2012
118 new firms a day as failures ease
Each day last month, 118 companies and business start-ups got off the ground while the numbers of businesses going bust eased compared to a year ago, according to the latest figures from credit risk analysts, Vision-net.
30 April 2012
Eurozone inflation cools, rates to hold
Inflation pressures in the euro zone eased slightly in April from March but were still above expectations, giving the ECB little room to lower interest rates to help revive economic growth across the continent.
30 April 2012
Supermarkets see sales boost at Easter
A boost in sales over Easter helping to return the Irish grocery market to 0.6pc growth, latest figures from Kantar Worldpanel in Ireland said today.
30 April 2012
Bruton on five-day mission to the US
The Minister for Jobs, Enterprise and Innovation, Richard Bruton, left yesterday to lead a five-day, five-city investment mission to the East, South and Mid-West of the USA.
30 April 2012
IT and sales people are highest earners
Workers in IT, Sales, Engineering and Accounting and Finance are Ireland's biggest earners with over a quarter of IT workers earning E60,000 or more, the latest IrishJobs.ie Salary Survey 2012 shows.
30 April 2012
BoI says slow and uneven recovery ahead
Modest but volatile economic growth is expected this year with a slow and uneven recovery ahead as Ireland is caught in the shifting global trade-winds, according to Bank of Ireland's latest Quarterly Economic Outlook today.
30 April 2012
FBD hold on as insurance market shrinks
Dublin-listed general insurer, FBD, this morning said that the first three months of this year saw it's premium levels hold in line with last year despite a shrinking market and increased competition.
30 April 2012
FTSE lower in choppy trading
Britain's top shares were lower in choppy early trade today, the final trading session for April
30 April 2012
US Dollar falls on weaker growth worries
The dollar fell to a two-month low against a basket of currencies today, weighed down after modest first quarter growth in the U.S. economy
30 April 2012
Spain slips into recession 1st quarter
Spain's economy slipped into recession in the first quarter as domestic demand shrank, data showed today
30 April 2012
ISEQ higher-Focus on FBD
The ISEQ has been higher then lower this morning as European markets decide on a direction and is currently trading around 3,246,
30 April 2012
China looks at guarantees for Iran oil
China is considering sovereign guarantees for its ships to enable the world's second-biggest oil consumer to continue importing Iranian crude
30 April 2012
E200 billion EU investment planned
The European Union is working on a plan to pump 200 billion euros ($265.19 billion) in investment into infrastructure
30 April 2012
European stocks higher on earnings
European stocks rose early today, climbing for a fifth straight session and tracking gains on Wall Street
30 April 2012
Roundup-Transaero brings 100 jobs
Russia's second biggest airline Transaero expects to create about 100 new jobs at its newly acquired aircraft maintenance business
30 April 2012
ILO says no end in sight to joblessness
Fiscal austerity and tough labour reforms have failed to create jobs, leading to an "alarming" situation in the global employment market
30 April 2012
Comfortable French, no sense of urgency
"How can you govern a country which has 246 varieties of cheese?" General Charles de Gaulle famously asked
30 April 2012
Adidas ahead on Asian sales
Germany's Adidas raised its outlook for 2012 driven by better than expected sales in China and Japan
30 April 2012
European futures point to higher opening
European stock index futures pointed to a higher open today after weaker-than-expected U.S. growth data
30 April 2012
Oil lower on US economic data
Brent crude edged lower towards $119 per barrel today as economic woes in developed economies stoked fears of lower fuel demand
30 April 2012
Asian shares higher on Fed intervention
Asian shares rose today as weaker-than-expected U.S. growth data left open the possibility of further monetary stimulus from the Federal Reserve
27 April 2012
ISEQ closes a tough week on a high
The ISEQ closed a volatile week higher but investors remained nervous following Spain's sovereign downgrade last night.
27 April 2012
C Bank lifts Marketspreads sanctions
The order to Dublin-based spread betting firm, Marketspreads, to stop trading by the Central Bank has been lifted, securing 20 jobs.
27 April 2012
Nokia debt cut to junk status again
Nokia had its credit rating cut to "junk" status by ratings agency Standard and Poor's, its second downgrade to non-investment grade status this week as the company battles falling sales and doubts over its product strategy.
27 April 2012
US consumer mood holds in April
U.S. consumer sentiment was little changed in April as Americans expected the economy to slowly improve, though they were less cheery about the state of their own finances, a survey released today showed.
27 April 2012
Amazon shares surge on sales
Shares of Amazon.com Inc rose 14 percent today, after the world's largest Internet retailer reported a surprise increase in gross margins, prompting a slew of price target increases by analysts.
27 April 2012
NAMA has E1bn of property on market
NAMA today said it now has properties worth around E1 billion on the market following a number of enforcement actions.
27 April 2012
One51's pre-tax profit down by over half
Pre-tax profits at investment group, One51, fell by 55.3pc last year to E10.94m as it too on an impairment charge because of the weak economic conditions across its markets.
27 April 2012
US economic growth cooled in Q1
U.S. economic growth cooled in the first quarter as businesses cut back on investment and restocked shelves at a slower pace, but stronger demand for automobiles softened the blow.
27 April 2012
S and P leave Irish rating on hold
Global ratings agency, Standard and Poor's, today said it is keeping its BBB+ rating for Irish sovereign debt as it is but also maintaining its negative outlook for the country.
27 April 2012
Skill shortage hampers engineering firms
A lack of skilled engineers in Ireland is undermining ambitious engineering firms like Dromone Engineering, according to the firm's Managing Director William Egenton.
27 April 2012
Russia's Transaero opens in Shannon
Transaero Engineering Ireland was officially launched today following the acquisition by Transaero Airlines, the second largest airline in Russia, of the former Air Atlanta Aero Engineering facility at Shannon Airport.
27 April 2012
Canadians want Irish engineers, trades
Canadian engineering firm JV Driver have confirmed that they will be actively recruiting for 200 positions at Jobs Expo 2012.
27 April 2012
EU to have failed bank plan by mid-June
The European Commission will present a long-term plan for winding up failing banks before a June 18-19 summit of leaders of the world's 20 biggest economies in Mexico, Commission spokeswoman Chantal Hughes said today.
27 April 2012
Procter and Gamble profits dip, sales up
Procter and Gamble posted a lower quarterly profit today as the world's largest household products maker took charges for its new restructuring plan and absorbed higher commodity costs.
27 April 2012
Stiglitz: Austerity policy is suicidal
Europe's attempt to save its way back to health is tantamount to economic suicide that could wreck the euro currency block, Nobel Prize-winning U.S. economist Joseph Stiglitz said, calling for the continent to focus instead on fostering growth.
27 April 2012
ISME: Retail sector is slowly dying
Ireland's retail sector is undergoing a "slow death" according to the Irish Small and Medium Enterprises Association, which called on the Government to bring on the promised Retail Strategy Group before it is too late.
27 April 2012
Retail sales down 1pc annually in March
Retail sales volumes fell by 1pc on an annual basis in March but managed a slight gain of 0.2pc compared to the previous month, latest figures from the CSO show.
27 April 2012
Italy's bond yields climb at auction
Italian 10-year borrowing costs climbed to 5.84 percent at a key auction today, 60 basis points above a comparable bond sale in March, after a ratings downgrade of Spain added to markets' concerns about the debt of weaker eurozone countries.
27 April 2012
Hogan moves to boost building control
The Minister for the Environment, Community and Local Government, Phil Hogan, today said the Government is taking steps to ensure that failings in building quality in recent years will become a thing of the past.
27 April 2012
Primark opens new outlet in Spain
Dublin headquartered Primark today announced the opening of a new store in Spain.
27 April 2012
ISEQ makes gains in nervous market
The ISEQ rose steadily in early trading this morning but investors remained nervous following Spain's sovereign downgrade last night.
27 April 2012
Spain's economy is in a 'huge crisis'
Spain's sickly economy faces a "crisis of huge proportions", a minister said today, as unemployment hit its highest level in two decades and Standard and Poor's weighed in with a two-notch downgrade of the government's debt.
27 April 2012
Barclays, C Suisse face investor anger
More than a quarter of Barclays shareholders look set to vote against the British bank's controversial pay plan for bosses today and Credit Suisse is also bracing for a backlash as investors seek a greater share of profits.
27 April 2012
Enda: Troika may let us spend on growth
Ireland's EU/IMF lenders may allow the Government to spend up to 50pc of the proceeds from sales of state assets, more than previously suggested, on stimulating the economy rather than using it to pay down debt, Taoiseach Enda Kenny said.
27 April 2012
Euro slips on Spanish economy fears
The euro dipped and investors sought safety in German government bonds today as a two-notch downgrade of Spain's credit rating ahead of a key Italian bond auction increased nervousness about the struggling economies in the euro zone.
27 April 2012
Oil prices drop after Spain downgrade
Oil prices dipped below $120 a barrel today on renewed fears about the state of the debt-ravaged eurozone economies following a downgrade of Spain's credit rating.
27 April 2012
Lottery sales slip in tough economy
Sales of scratchcards and draw tickets slipped last year as the public reined in spending in a still-challenging economic environment, the National Lottery said this morning.
27 April 2012
Merkel says won't budge on Fiscal Pact
German Chancellor Angela Merkel has ruled out any renegotiation of the fiscal pact on budget discipline agreed by 25 European Union governments and rejected criticism that the bloc was not focusing on growth.
27 April 2012
AIB to refund E3m on credit card error
AIB is to refund thousands of its customers a total of E3.1m after discovering errors in charging insurance on its credit cards.
27 April 2012
Honda promises a bumper year in 12
Honda Motor Co forecast a near-tripling of operating profit in the year ahead on surging Asian sales and a recovery in the United States, marking an emphatic rebound from a 2011 hammered by the yen's record strength and natural disasters.
27 April 2012
Fears rise for Italy's yields at auction
Italy's borrowing costs are expected to climb towards 6 percent at a benchmark 10-year bond auction today, testing the market's appetite for the debt of the euro zone's weaker economies after a sovereign downgrade of Spain overnight.
27 April 2012
Euro shares fall on economic fears
European shares retreated today after three straight days of gains as a move by Standard and Poor's to cut its credit rating on Spain by two notches hurt sentiment, with cyclical shares such as financials featuring among the top decliners.
27 April 2012
Nikkei has worst April in 7 years
Japan's Nikkei share average ended lower in choppy trade and closed out its worst April since 2005 today, after the Bank of Japan's move to boost its bond buying failed to ignite lasting confidence among investors over the fragile economy.
27 April 2012
S and P cut Spain's rating 2 notches
Standard and Poor's last night cut its credit rating on Spain to BBB-plus from A , a two-notch downgrade, citing its expectation the government's budget deficit will deteriorate even more than previously thought due to economic contraction.
26 April 2012
ISEQ closes flat on profit taking
The two-day rally on the main index of Irish shares ran out of steam today as investors pocketed gains and fretted over some uninspiring new EU economic data.
26 April 2012
Euro shares steady after mixed data
Mixed corporate earnings and economic data left European shares little changed today, pausing after a two-session rally.
26 April 2012
US jobs data shows tough market
The number of Americans lining up for new jobless benefits fell only slightly last week, the latest sign of a weaker pace of healing in the still-struggling labour market.
26 April 2012
Pepsi and Coke beat Wall St estimates
PepsiCo and Coca-Cola reported higher-than-expected quarterly profits, helped by price increases on sodas, and stood by their full-year forecasts.
26 April 2012
62pc of Irish live on 2.4pc of the land
The urban population of Ireland is now 62pc of the total population, which in just 2.4pc of the total land area, according to figures released today by the Central Statistics Office.
26 April 2012
An Post profits fall to E2.2m in 2011
An Post today recorded a group operating profit of E2.2m for 2011 - down from E5.8m in 2010 on a group turnover of E807m - E2m more than the previous year, driven by strong performances in the retail and subsidiary businesses.
26 April 2012
Murdoch lays blame on rogue journalists
Rupert Murdoch called his News of the World tabloid an "aberration", blaming journalists for hiding a phone-hacking culture from himself, his son James and his protegee Rebekah Brooks, and saying he wished he had shut it down sooner.
26 April 2012
Wall St stalls after weak jobs data
Wall Street stalled today following the Nasdaq's biggest gains this year as new jobless claims missed forecasts in another sign that recent improvement in the labor market may be easing.
26 April 2012
Ireland big winner in Canada-EU trade
Ireland has the most to gain from the EU-Canada Free Trade Agreement, according to Loyola Hearn, Canadian Ambassador to Ireland today at the Irish Exporters Association seminar briefing on winning business in Canada.
26 April 2012
Dublin Port pay E10m dividend to State
At its Annual General Meeting today, Dublin Port Company which operates Ireland's largest port, handling over half of Ireland's trade, announced it will pay a E10.2 million dividend to the State.
26 April 2012
Surveyors create 45 jobs to stop floods
Irish professional service company, Murphy Surveys Ltd, is to take on 45 new staff after winning contracts with the Office of Public Works.
26 April 2012
ISEQ rally loses steam on poor EU data
The two-day rally on the main index of Irish shares ran out of steam this morning as investors pocketed gains and fretted over new EU economic data.
26 April 2012
PTSB welcomes Troika-approved plan
Permanent tsb bank has welcomed today's announcement on its fate after the completion of the bailout Troika's sixth review.
26 April 2012
Amgen announce USD200m Irish expansion
Biotechnology group, Amgen and the Irish Government today announced the start of a $200 million-plus expansion programme in Ireland that is expected to result in the creation of 100 jobs.
26 April 2012
ECB say share bank rescue costs
The ECB called on authorities to set up a body to manage bank rescues in the euro zone, marking the central bank's strongest intervention yet in the debate on whether the costs of bailing out troubled banks should be shared.
26 April 2012
Ireland gets 6th Gold Star from Troika
In its sixth review of Ireland's performance under the shadow of the EU/ECB/IMF bailout, the Troika of lenders today said that Ireland has continued to achieve all of the targets set under its programme.
26 April 2012
Italian 6-month yields up at auction
Italy paid the highest yield since January to sell six-month bills today as concerns about low economic growth and large debt burdens in the euro zone put renewed pressure on the borrowing costs of its weaker members.
26 April 2012
Poll says Ireland best of bad lot
Ireland is still beset by problems but will fare far better than other peripheral economies this year and next, a poll of economists from around Europe by Reuters shows today.
26 April 2012
Nanoscience research gets business boost
CRANN, the Science Foundation Ireland funded nanoscience institute based in Trinity College Dublin (TCD), today announced the addition of three new Board members, from the Irish and European business communities.
26 April 2012
Revenue hail highly productive year
Josephine Feehily, Chairman of the Revenue Commissioners, today said that 2011 had been a difficult but more productive year for the taxman.
26 April 2012
House prices continue to tumble in March
House prices nationally fell by 16.3pc in the year to March and are down 49pc compared to the peak years of the property bubble, latest figures from the CSO reveal.
26 April 2012
Insomnia franchise move sees 100 jobs
Insomnia Coffee Company, Ireland's largest independently owned coffee shop chain, today announced plans to enter into the retail franchising market in a move that will see up to 100 new jobs created over the next 5 years.
26 April 2012
Dublin's Owjo partners with Roadrunner
Owjo, a Dublin based technology start-up, today announced a partnership with Roadrunner Records, a subsidiary of global music giant, Warner Music Group.
26 April 2012
Permo may be split in to good and bad
Permanent tsb Bank could be split up in to two separate entities - a "good" bank that would be much smaller than the current business and a "bad" bank that would take all of its tracker and non-performing loans.
26 April 2012
Petroceltic hit all its key 2011 targets
Irish-based, Middle East-focussed oil and gas explorer, Petroceltic, this morning said it hit all of its key targets for 2011 on time and on budget, closing the year debt free and with cash in the bank.
26 April 2012
Irish drinks market lacked fizz in 2011
The overall drinks market and alcohol consumption levels in Ireland lacked any fizz last year due to the deep recession and changing consumption patterns.
26 April 2012
Deutsche Bank below target but posts E2b
Deutsche Bank missed market expectations for profits in the first quarter as Germany's biggest bank was hit by one-off charges
26 April 2012
Husqvarna results boosted by US sales
Garden equipment maker Husqvarna AB posted a bigger than expected rise in first-quarter profit, overcoming earlier output problems
26 April 2012
Shell sees profits rise to $7.66 billion
Royal Dutch Shell beat forecasts with an 11 percent rise in quarterly profit, as higher oil prices and a ramp-up of new projects
26 April 2012
ISEQ higher-UK back to recession
The ISEQ is up slightly this morning at 3,231 up 14 points on yesterday's closing levels as European markets edge higher
26 April 2012
European stocks edge higher on results
European equities were supported by a crop of strong corporate earnings today
26 April 2012
Barclays posts 22pc profit increase in Q
Barclays posted a 22 percent rise in first-quarter profit, ahead of market forecasts, as a strong rebound
26 April 2012
Santander reports 24pc drop in profits
Spanish bank Santander reported a 24 percent drop in first quarter net profit today after it set aside provisions partly to cover rising loan
26 April 2012
Roundup-Bord Gais not the right choice
Bord Gais is probably the best semi-state operating in Ireland today. It is certainly the best among our large semi-states
26 April 2012
Elan results in line with $288m revenues
Irish drugmaker Elan generated marginally less revenue than expected in the first quarter from sales of Tysabri
26 April 2012
Hugo Boss off to good start in 2012
German fashion house Hugo Boss said it had a good start to the year as it reported a 10 percent rise
26 April 2012
Billions wiped off value of UK banks
Tougher UK banking regulations have wiped off as much as 20 billion pounds ($32.2 billion) from the market value of state-backed Royal Bank
26 April 2012
Futures point to higher opening Europe
European shares were set for a slightly higher open today after strong gains in the previous session
26 April 2012
Chrysler sees best Q since Fiat alliance
U.S. automaker Chrysler Group LLC showed its best quarterly profit since its 2009 bankruptcy on strong sales in North America
26 April 2012
Hyundai bucks trend with $2 billion
South Korean carmaker Hyundai Motor bucked a sluggish industry trend in Europe and China and boosted sales
26 April 2012
Asian markets rise as Fed reassures
Asian shares rose today, retaining positive momentum as the Federal Reserve reassured markets
25 April 2012
ISEQ makes strong headway by close
The main Dublin shares index took back much of the losses made earlier this week ahead of a key policy statement by the U.S. Federal Reserve that, it is hoped, will signal moves to boost growth.
25 April 2012
Wall St lifted by Apple share surge
U.S. stocks advanced today after a blowout quarter from Apple further lifted optimism in an earnings season that has far outstripped expectations.
25 April 2012
Sinn Fein launch anti-Treaty campaign
Sinn Fein leader, Gerry Adams, today launched the only anti-Fiscal Pact Treaty campaign from a mainstream party, rubbishing claims that a No vote would cut Ireland off from future funding.
25 April 2012
IBEC say Yes vote needed for jobs
Employers group, IBEC, today said that Irish firms believe a yes vote is vital for economic stability, growth and recovery.
25 April 2012
Firms' payment performance improves
Irish firms are now paying their bills slightly more promptly than previously, according to figures from Experian.
25 April 2012
Sarkozy vows vote on Pact if eleced
French President Nicolas Sarkozy said that if re-elected he would call a referendum on adopting a budget-balancing "golden rule" if parliament votes against the measure.
25 April 2012
GE Money to sell Irish unit after losses
GE Money, a subsidiary of US industrial giant, General Electric, is to sell its Irish unit after taking a USD200m hit from its mortgage business here in its last set of results.
25 April 2012
Lending to firms was tighter in Q1
Irish banks tightened their credit regimes for loans to businesses in the first quarter, the April 2012 Euro Area Bank Lending Survey from the Central Bank today shows.
25 April 2012
Draghi says no deal on Anglo Notes
ECB President Mario Draghi has said the existing terms of the contract of the Anglo Irish bank promissory notes would not be changed.
25 April 2012
ISEQ rebounds ahead of key US data
The main Dublin shares index took back much of the losses made earlier this week ahead of a key policy statement by the U.S. Federal Reserve this evening.
25 April 2012
Draghi: Crisis ball now in Govts' court
ECB President Mario Draghi gave no indication today that the ECB was poised to provide more support for banks or governments but also said the time was not right to consider rolling back its crisis-fighting measures.
25 April 2012
Murdoch: I'm not political puppet master
Rupert Murdoch batted away accusations today that he used his vast media empire to play puppet master to a succession of British leaders, electrifying a media inquiry that has shaken faith in Prime Minister David Cameron's government.
25 April 2012
CB to survey in debt mortgage holders
The Central Bank today said that it is to undertake a survey based on a sample of 2,000 Irish households with mortgage debt.
25 April 2012
Semapa to buy CRH's 49pc Secil stake
CRH today said that it has been notified by Semapa that it intends to buy back the 49pc stake held by CRH in Portuguese cement joint venture Secil on 15th May 2012, in accordance with the terms of the ICC award.
25 April 2012
Greece pulls plug on welfare fraudsters
Greece has stopped various benefits, including pensions, to 200,000 people who lied to get their monthly cheques or were in fact dead, a Greek Labour Ministry official said today.
25 April 2012
BskyB faces Premier League TV rival
BSkyB, which has built its British pay-TV business on the back of soccer rights, could face a costly challenge from Qatari group Al Jazeera when English Premier League rights are renewed this summer.
25 April 2012
IoD says State boards need improvements
While there has been significant progress regarding training and corporate governance on State boards, there is still plenty of room for improvements, according to a report from the Institute of Directors in Ireland (IoD).
25 April 2012
UK economy slips in to recession
Britain's economy is in its second recession since the financial crisis, data showed today, heaping pressure on Prime Minister David Cameron's coalition government as it battles a series of political embarrassments.
25 April 2012
Business activity gets a lift in Q1
There was an improvement in activity levels across a wide range of Irish based companies in early 2012, according to the KBC Bank Ireland/Chartered Accountants Ireland Business Sentiment Survey.
25 April 2012
Taoiseach launches Retail Awards
Taoiseach Enda Kenny today called on retailers across Ireland to step up to the plate and see who is "top of the shops" as he launched the Retail Excellence Ireland Awards 2012.
25 April 2012
Start-up recruiter gets funding to grow
Careergro a human resources start-up company headquartered at NovaUCD, today announced that it has secured an investment of E300,000 from private investors and Enterprise Ireland.
25 April 2012
Perry launches SME help directory
Minister for Small Businesses, John Perry, has launched the Enterprise Europe Network's online directory for innovation supports and services.
25 April 2012
FTSE higher as Fed awaited
Britain's top shares pushed higher in early trade today, extending Tuesday's rally in tandem with gains on Wall Steet and in Asia
25 April 2012
Survey reveals lost jobs being replaced
A new survey reveals an improvement in activity levels across a wide range of Irish businesses in early 2012.
25 April 2012
ISEQ higher-Lloyds to sell Irish debt
The ISEQ is up a little this morning at 3,194, a rise of 16 points on yesterday's close as World markets take stock following a series of mixed
25 April 2012
OECD says enough for European problems
The doubling of the International Monetary Fund's firepower, an increase in Europe's bailout fund and liquidity injections should be enough
25 April 2012
India's ratings outlook goes negative
Ratings agency Standard and Poor's today cut India's outlook to negative from stable, citing its large fiscal deficit
25 April 2012
European markets extend recovery
European stocks climbed in early trade today, extending the previous session's tentative recovery from three-month lows
25 April 2012
Roundup-Rent receivers to be appointed
Bank of Ireland is appointing rent receivers in a bid to clamp down on buy-to-let investors who "divert" their property income away
25 April 2012
Mad cow disease detected in California
U.S. authorities reported the country's first case of mad cow disease in six years on Tuesday
25 April 2012
Camera sales keep Canon in the frame
Canon Inc today posted flat quarterly earnings but upped its full-year profit forecast
25 April 2012
TV sales up as LG triples profits
South Korea's LG Electronics Inc , the world's No.2 TV maker, reported today that quarterly profit more than tripled
25 April 2012
China's 2nd Q production much improved
China's industrial output growth is showing positive signs of acceleration in the second quarter of the year
25 April 2012
Apple profits up as iPhone sales on fire
Apple Inc's quarterly profit almost doubled, blowing past Wall Street estimates after a jump in iPhone sales
25 April 2012
Euro recovers following bond issues
The euro hovered near a three-week high against the dollar today after euro zone sovereign debt attracted decent demand
25 April 2012
HK and Shanghai ahead on property
Hong Kong and China shares rose today, helped by strength in the Chinese property sector
24 April 2012
ISEQ closes modestly higher
The main Dublin shares index staged a modest recovery from Monday's sharp falls but investors failed to lead a full rebound as doubts about the eurozone crisis lingered.
24 April 2012
IBRC appoint McGreal as risk officer
IBRC - formerly Anglo Irish Bank - today announced the appointment of Roger McGreal as interim Chief Risk Officer.
24 April 2012
EU Commission seek Budget rise
The EU's executive will propose a 6.8 percent increase in the bloc's budget for next year, an internal EU document seen by Reuters showed, which would take total spending in 2013 to about 138 billion euros.
24 April 2012
Spain borrowing costs nearly double
Spain's short-term borrowing costs nearly doubled compared with a month ago at auctions today, even though it opted to sell relatively small amounts of debt given investor doubts about its shrinking economy and a new flare-up in the euro zone crisis.
24 April 2012
EU warn Internet firms may spy on us
A global trade deal to stop copyright theft could give internet providers the right to spy on users, breaching European Union law, the EU's data privacy chief said today.
24 April 2012
US consumer confidence falls in April
U.S. consumer confidence edged slightly lower in April, while Americans also reined in their inflation expectations after a surge in the previous month, according to a private sector report released today.
24 April 2012
Icon's revenue and profits rise 10pc
Irish headquartered clinical trials services group, Icon, saw its profits rise 10pc in the first three months of this year, the company said today.
24 April 2012
Free fuel scheme big success for Skoda
A promotion offering 300km of free petrol for all who test drove a Skoda and 3,000km of free fuel for those who bought a car has proven a big success for the company.
24 April 2012
Ireland, UK, sign ocean research MOU
Ireland and the UK today signed a Memorandum of Understanding (MoU) pledging closer co-operation in the area of marine research, development and innovation.
24 April 2012
Greece's recession to get even worse
Greece's economy will contract a deeper than expected 5pc this year, the country's central bank chief said today, piling more pressure on to a citizenry already battered by crippling austerity and record joblessness.
24 April 2012
BoI confirms 750 staff to go
Bank of Ireland today told shareholders at its AGM that at least 750 staff will be shed over the next two years.
24 April 2012
ISEQ in modest recovery, doubts linger
The main Dublin shares index staged a modest recovery from Monday's sharp falls but investors failed to lead a full rebound as doubts about the eurozone crisis lingered.
24 April 2012
North's family income decline sharply
FamFamilies in the North had an average disposable income of just £83 a week compared to their British counterparts, where households had £144 a week, according to the latest Asda Income Tracker.
24 April 2012
Connaght Gold turnover up, profits hold
One of the country's biggest co-operatives, Connacht Gold today reported a 16pc increase in turnover for its full year 2011 but operating profits that held steady while it slashed debt.
24 April 2012
Irish food report shows good and bad
A new report on the Irish food and beverages industry shows growth for exporters while those firms who sell mainly in the home market are struggling.
24 April 2012
IEDR extends Optimise fund for a year
The IE Domain Registry (IEDR), the managed registry for Ireland's official Internet address .ie, today announced it will extend its E100,000 e-commerce website development fund, called Optimise, for the second year running.
24 April 2012
Wholesale prices rise 2.6pc in March
Wholesale, factory gate prices rose by 2.6pc on an annual basis in March, latest figures from the CSO reveal.
24 April 2012
Fitch cuts Nokia's credit rating to junk
Fitch Ratings downgraded its credit rating on struggling Finnish mobile phone maker Nokia to junk status due to dwindling market share, and said the outlook remained negative.
24 April 2012
Martha Kavanagh joins Drury's board
PR and communications consultancy, Drury, today said that Martha Kavanagh has been invited to join its Board of Directors.
24 April 2012
Pension levy to hit former airport staff
The Government's pension levy will see retired staff from Aer Lingus, the Dublin Airport Authority and SR Technics take a cut in their pensions.
24 April 2012
Fexco to create 25 jobs on contract win
Kerry-based electronic payment services group, Fexco, has won a new contract from Aer Lingus for the provision of call centre services to the airline that will see the creation of 25 new jobs.
24 April 2012
Renewables voted best 20-year investment
Potential investors are turning their backs on conventional investments such as shares and property and opting for renewable energy, a new survey shows.
24 April 2012
UCC professors win Intel awards
Professor Jim Greer, Head of Electronics Theory at Tyndall and Dr. Paul Hurley, Senior Staff Researcher and Head of High-k Research at Tyndall, have been recognised by Intel with 2012 Intel Outstanding Researcher Awards.
24 April 2012
Iran sanctions limiting demand for oil
Virtually every day there is news on how Iran's oil exports to Asia are being squeezed by Western sanctions
24 April 2012
Bank of Ireland deals with funding costs
Bank of Ireland said today trading conditions were tough in the first quarter of the year due partly to high funding costs
24 April 2012
ISEQ higher-Ire 2011 returns examined
The ISEQ is higher this morning at 3,172 up 10 following yesterday's substantial sell-off across Europe
24 April 2012
Shell in agreed bid for Cove Energy
Royal Dutch Shell has agreed to buy Mozambique-focused explorer Cove Energy for 1.12 billion pounds
24 April 2012
European markets show signs of recovery
European shares rose today, recovering their poise after sharp falls in the previous session
24 April 2012
Roundup-Nestle buys Pfizer baby food
Pfizer, the US pharmaceutical giant which employs about 4,000 people in Ireland, has sold its infant formula business to Nestle
24 April 2012
Primark leads ABF higher
Associated British Foods forecast a "substantial" rise in full-year earnings as under-pressure British shoppers turned to its Primark
24 April 2012
Carpetright sees European sales lower
Carpetright, Britain's biggest floor coverings retailer, warned on year profit again, this time blaming disappointing bed sales
24 April 2012
Facebook sees profit drop ahead of IPO
Facebook Inc reported its first quarter-to-quarter revenue slide in at least two years, a sign that the social network's sizzling growth may
24 April 2012
Netflix dissapoints in US growth
Video rental company Netflix Inc projected slower subscriber growth this quarter for its key U.S. video-streaming service
24 April 2012
Nikkei lower on European worries
Japan's Nikkei share average fell today, down for a fourth consecutive session, as slowing growth in Europe and political uncertainty in France
24 April 2012
Futures point to market recovery
European stock index futures pointed to a bounce today following the previous session's steep drop
24 April 2012
Asian markets lower on European dip
Asian shares fell and the euro was under pressure today as political uncertainty and slumping business
23 April 2012
ISEQ tumbles as economy fears grow
The main Dublin shares index fell sharply this morning as potential political turmoil in France and the Netherlands coupled with downbeat global economic data sent investors running for cover.
23 April 2012
ECB to Europe: Push ahead with austerity
Delaying budget cuts will hurt, not improve, economic growth, as such a move would hit confidence in the euro zone ever getting a handle on public debt, European Central Bank Governing Council member Jens Weidmann said today.
23 April 2012
2 Peats stores to reopen, 25 jobs saved
Tech retailer, Peat's World of Electronics will open its flagship store on Parnell Street on Saturday April 28 and its Rathmines store today, saving 25 jobs.
23 April 2012
Dutch coalition offers to resign
Dutch Prime Minister Mark Rutte tendered his government's resignation today in a crisis over budget cuts, creating a political vacuum in a country which strongly backed an EU fiscal treaty and lectured Greece on getting its finances in order.
23 April 2012
Verve shines in AMPC Star Awards
Verve has triumphed at the AMPC Star Awards, which honours achievements in the field of marketing, when their Guinness Area 22 Campaign scooped the Grand Prix.
23 April 2012
Sky News boss reprimanded over hacking
The judge presiding over an inquiry into British press standards has rebuked the head of Sky News, the influential news channel of Rupert Murdoch-controlled BSkyB, for breaking the law by hacking into emails to generate a story.
23 April 2012
Wall St slides in opening deals
U.S. stocks opened sharply lower today on weak European data and renewed anxiety over how the region would tackle its debt crisis, while Wal-Mart slumped after a report it stymied a probe into bribery allegations.
23 April 2012
Eurozone slump worsens in April
The euro zone's business slump deepened at a far faster pace than expected in April, suggesting the economy will stay in recession at least until the second half of the year.
23 April 2012
Euro stung by political, economic woes
The euro fell a from two-week high against the dollar today on concern the euro zone debt crisis could engulf European nations as yet relatively unscathed, with the economic outlook and rising political risks likely to keep it under pressure.
23 April 2012
North's land prices slump 30pc in 2 yrs
A lack of activity in the North's land market has compounded the rapid loss in values that took place between 2008 and the end of 2009 with land prices down 30pc in the last two years.
23 April 2012
Another union declares against Treaty
The Technical Engineering and Electrical Union (TEEU) executive has decided to recommend a 'No' vote to its 40,000 members in the referendum on the Fiscal Compact Treaty.
23 April 2012
ISEQ slumps on crisis contagion fear
The main Dublin shares index fell sharply this morning as potential political turmoil in France and the Netherlands coupled with downbeat global economic data sent investors running for cover.
23 April 2012
Vodafone to buy CWW for USD1.7bn
Mobile phone group Vodafone has agreed to buy Cable and Wireless Worldwide (CWW) for 1.04 billion pounds ($1.7 billion), giving it a British fixed-line network to relieve the strain on its wireless operations from data-hungry smartphone users.
23 April 2012
Motor claims costs are falling sharply
Latest figures released by the Central Bank reveal a significant reduction in the number and expense of motor insurance claims cost.
23 April 2012
Co Down firm wins Achievers award
County Down based company, TG Eakin Ltd, has been crowned the 'Ulster Bank Business Achiever 2011' at the national final of the awards, which took place at the Mansion House, Dublin.
23 April 2012
Avolon fleet topped 100 aircraft in Q1
Irish-based aircraft leasing group, Avolon, today that its fleet now exceeds 100 aircraft and that total capital raised reached USD4.6 billion in the first quarter.
23 April 2012
Big rise in value of Q1 corporate deals
While the numbers of mergers and acquisitions (M and A) and IPOs, flotations and rights issues declined in the first quarter, the value of the deals done rose to E7.559 billion compared to E1.746 billion the same time a year ago.
23 April 2012
Eurostat confirms Spain's deficit 8.5pc
Spain's budget deficit was 8.5 percent of economic output in 2011, the EU's statistics office Eurostat said today, dispelling any doubts about the new Spanish government's reading of the national accounts.
23 April 2012
Dutch govt may fall over Fiscal Pact
The Dutch government teetered on the verge of collapse in a crisis over budget cuts, spelling the likely end of a coalition which has strongly backed a European Union fiscal treaty and lectured Greece on getting its finances in order.
23 April 2012
Irish Budget deficit swollen by banks
Ireland ran an underlying budget deficit of 9.4pc last year, beating its EU/IMF deficit target by more than one percentage point but ran an overall headline deficit of 13.1pc because of the bank recapitalisation programme.
23 April 2012
Six start-ups get to pitch to the Angels
Six start-up companies, short-listed from a panel of 137 applicants have been selected to pitch their fledgling businesses to Irish and international investors, angels and venture capital companies.
23 April 2012
Retail sales fall for 12th straight Qtr
Despite the first annual increase in retail sales in March, over the first three months of 2012 sales continued to decline - falling by an average of 2.56pc, the latest Retail Excellence Ireland's (REI) Review shows.
23 April 2012
Five firms announce plans for 77 jobs
Five European high growth companies, Culture Translate, Diaceutics, Nimble Apps, iMosphere and Unique Digital, are to establish operations in Ireland, creating 77 new jobs in Limerick, Dundalk and Dublin.
23 April 2012
New FDI to create 1,500 build jobs
The recent strong flow of investment projects for overseas announced recently will deliver a major boost for the embattled construction industry with the creation of up to 1,500 jobs, according to the IDA.
23 April 2012
SFA: Firms weighed down by red tape
The sheer volume of rules and regulations surrounding employment law is a significant problem for small businesses.
23 April 2012
Euro lower on Europe growth and politics
The euro retreated from two-week highs against the dollar today, and was likely to stay under pressure
23 April 2012
ISEQ lower- Focus on C and C in UK
The ISEQ is quite a bit lower this morning at 3,207, down 25 points as markets respond to very poor PMI's from France and more so Germany
23 April 2012
Ford to sell in China below Fiesta price
Ford Motor Co plans to introduce vehicles in China that will be priced below its current low-price Fiesta model
23 April 2012
German manufacturing in surprise fall
Germany's manufacturing sector unexpectedly shrank at the fastest pace in nearly three years in April
23 April 2012
Roundup-Gas Fracking not so dangerous
Environmental dangers due to shale gas fracking - the technology proposed for use in drilling for gas in Leitrim and Fermanagh - have been blown
23 April 2012
Italy looking for return to growth 2012
Italy is looking for a return to moderate economic growth in the third quarter of this year
23 April 2012
French output prospects point to dip
France's economy limped into the second quarter, hit by a slump in services activity and the fastest drop in private sector output
23 April 2012
European stocks lower as PMI's impact
Europe's top shares opened lower today as political tensions in Europe and mixed data from China prompted falls
23 April 2012
ZTE Corp to increase smartphone sales
China's ZTE Corp , which launched its first basic mobile phone in Africa little more than 10 years ago, said today it would sell more
23 April 2012
Foreign cars increasing sales in China
Beijing Hyundai increased its 2012 sales target slightly but expects to maintain its current 6.2 percent market share this year
23 April 2012
Futures indicate lower European opening
European stock futures signaled a weaker open for equities today, with a political crisis in the Netherlands
23 April 2012
China speeds up infrastructure spending
China is set to speed up spending on roads, railways and utilities to boost economic growth, the official China Securities Journal said
23 April 2012
Asian markets supported by China PMI
Asian shares and the euro eased today, but losses were kept in check after a report showed Chinese factory activity stabilising in April
23 April 2012
Chinese rebound possible as PMI improves
China's factories posted their best performance this year as a measure of new business rose from multi-month lows
20 April 2012
ISEQ closes tough week on a high
The main Dublin shares index moved out of the red to close a tough week on a high after the influential Ifo survey showed a surprise improvement in German business sentiment in April.
20 April 2012
Tubs and Tiles, Heat Merchants bought
The trade and assets of Heat Merchants and Tubs and Tiles have been acquired by the owners of Hevac Limited from Kieran Wallace of KPMG.
20 April 2012
ESB to build E915m plant in Britain
The ESB plans to invest 750 million pounds (E915m) to build a new 1,500-megawatt (MW) gas-fired power plant in Britain which could start operating in 2018, the project's public affairs manager said today.
20 April 2012
Irish research blindness breakthrough
Scientists funded by the Medical Research Council (MRC) have made what could turn out to be the fist step towards curing blindness.
20 April 2012
Certus appoint Pat Cox as advisor
Certus, the bank services outsource provider, has appointed the former president of the European Parliament Pat Cox and Conduit founder Liam Young as advisors to its board.
20 April 2012
Warnings on Novartis MS drug
European and U.S. regulators have backed the continued use of Novartis AG's multiple sclerosis pill Gilenya, one of the Swiss firm's top new drug hopes, but said the drug needed to carry stronger warnings on heart risks.
20 April 2012
McDonald's profits up on US sales
McDonald's Corp reported higher quarterly profit today, paced by strong sales at established restaurants in the United States.
20 April 2012
Insurers mull Solvency II directive
Solvency II, an EU-wide directive, is focusing the minds of insurance professionals across the industry as they get to grips with its implications and the implementation deadline date of 1 January 2014.
20 April 2012
ISEQ halts slide on strong German Ifo
The main Dublin shares index moved out of the red this morning after the influential Ifo survey showed a surprise improvement in German business sentiment in April.
20 April 2012
GE profits top Wall St forecasts
General Electric reported first-quarter profit that topped analysts' expectations today, helped by strong sales of jet engines and energy equipment, as well as profit growth at its finance arm.
20 April 2012
UCD deal opens Mongolia to Irish farmers
University College Dublin (UCD) has signed a Memorandum of Understanding (MOU) with a leading Chinese dairy producer Dairy United that opens up a new corridor for trade between Ireland and Mongolia.
20 April 2012
German business morale lifts again
German business sentiment unexpectedly rose for the sixth month in a row in April in a sign that Europe's largest economy continues to outpace peers and shrug off persistent worries about the euro zone debt crisis.
20 April 2012
Greek bank set to unveil huge losses
Greek banks will post deep losses for 2011 when they report results today, with the spotlight on the scale of the capital hit they suffered from big bond writedowns and provisions for bad loans.
20 April 2012
TG4 gets new board and chairperson
Minister for Communications Pat Rabbitte today announced the appointment of eight members to the Board of TG4 including a new chairperson.
20 April 2012
Warm weather pushes UK sales higher
Warm weather and fears of a fuel shortage helped drive the biggest increase in British retail sales in more than a year in March, raising chances that recovering consumer spending may have helped the economy to avoid recession.
20 April 2012
Govt gives itself 96pc for jobs plan
The Government has scored itself 96pc for the first phase of its Action Plan for Jobs, saying that 80 out of 83 measures scheduled to be delivered in the first quarter of 2012 have been implemented.
20 April 2012
Govt has E12m to support new science
The Government today unveiled funding of E12.3 million for early-career scientific researchers to carry out pioneering work in Ireland.
20 April 2012
Providence offer to buy back E12m bond
Irish energy prospector, Providence Resources, this morning said that it is offering to buy back a USD16m (E12.3m) bond it issued in July of 2008.
20 April 2012
Apple to create 500 new Cork jobs
Apple is expanding its operations in Cork with the creation of 500 new jobs, it confirmed today.
20 April 2012
Europe losing it's world influence
Europeans may discover this week that the debt crisis is not only threatening the euro zone economy and the integrity of the common currency
20 April 2012
Emerging powers pledge billions to IMF
Major emerging powers stood ready today to pledge money to bolster the International Monetary Fund's crisis-fighting war chest
20 April 2012
German business sentiment rises again
German business sentiment rose unexpectedly for the sixth month in a row in April in a sign that Europe's largest economy continues to outpace
20 April 2012
ISEQ unchanged-Focus on William Hill
The ISEQ is little changed this morning at 3,212 following disappointing US jobs data
20 April 2012
Investors seek out safe havens
German 10-year bond yields hit record lows on Friday and riskier assets came under pressure on growing fears about the euro zone debt crisis
20 April 2012
European stocks lower for 3rd day
European shares edged lower in early deals, extending losses for a third straight session
20 April 2012
Roundup-O'Reilly exists Independent
In the end, no blood was spilled. With speculation mounting that dissident shareholder Denis O'Brien was planning to topple him
20 April 2012
Apple expands in Cork with 500 new jobs
Apple is to expand it's presence in Cork and to recruit a further 500 people.The company plans to construct a three-storey office block
20 April 2012
China Mobile develops 3G and 4G service
China Mobile Ltd, the world's biggest carrier, is expanding its footprint in next-generation 4G wireless technology, launching services in Hong
20 April 2012
Modest gains expected in European stocks
Futures signaled modest gains for European equities today with some strong company earnings likely to support the market
20 April 2012
EBRD says banks need private investment
European banks should be careful how they deleverage to meet tougher capital needs and should seek money from private investors
20 April 2012
Spanish borrowing costs are sustainable
Thursday's Spanish debt auction results have set the tone for a year of muddling through
20 April 2012
Nikkei lower on Eurozone worries
Japan's Nikkei share average slipped today after a Spanish bond auction failed to extinguish fears
20 April 2012
Asian markets mixed on weaker US data
Hong Kong shares slipped slightly today on weaker U.S. economic data while China markets were firmer
19 April 2012
ISEQ loses grip on rebound by close
The ISEQ index of top Irish shares lost an early rebound to close lower today despite solid demand for Spanish bonds but as investors remained sceptical about prospects for an end to the eurozone debt crisis.
19 April 2012
Gavin O'Reilly quits as Indo chief
Gavin O'Reilly today resigned as chief executive of Independent News and Media at a board meeting.
19 April 2012
New York Times beats profits forecast
New York Times reported a better-than-expected profit today as investors brushed past the company's drop in print and digital advertising revenue and focused more on the company's ability to manage costs.
19 April 2012
US economic indicators near 4-yr high
A gauge of future U.S. economic activity rose in March to the highest level in nearly four years, according to an industry survey today that suggested continued momentum in the economy even as job growth is slowing.
19 April 2012
EMC posts revenue and profit rise
EMC, the Big Data and cloud solutions company that employs 2,500 people in Ireland, today reported an 11pc increase in global first-quarter revenues over the same period last year.
19 April 2012
Ryanair social security loophole closed
A loophole that allowed Ryanair to pay the lower level of social security contributions for hundreds of its Continental European staff was today closed by a vote by MEPs.
19 April 2012
Boston Scientific's earnings rise in Q
Medical device maker Boston Scientific reported higher quarterly earnings today, in line with Wall Street expectations, helped by a lower tax rate.
19 April 2012
Morgan Stanley first Q beats expectation
Morgan Stanley's first-quarter results beat expectations, as trading revenue rose sharply and the bank's wealth management business began to improve, sending its shares up in premarket trading today.
19 April 2012
Eirgrid revenues up by E27m in 2011
Revenues at Eirgrid, the group responsible for the country's power infrastructure, today said that revenues for its full year 2011 rose to E470.7m compared to E443.8m the previous year - a rise of just under E27m.
19 April 2012
Mr Binman bought by Brian Dillon
A consortium led by Brian Dillon, Managing Director of Dillon Waste and Recycling, has today acquired Mr Binman for an undisclosed sum.
19 April 2012
ISEQ turns higher on relief over Spain
The ISEQ index of top Irish shares turned higher this morning amid relief that Spain sold its bonds at a debt auction even though yields ticked higher again.
19 April 2012
EU's Tajani says Ireland still FDI draw
Speaking in Dublin today, European Commissioner for Industry and Entrepreneurship, Antonio Tajani, said that Ireland is generally perceived as one of the most attractive business locations in the world.
19 April 2012
American Chamber call for 'Yes' vote
With six weeks to voting on the Fiscal Stability Treaty, the American Chamber of Commerce in Ireland today called for a "Yes" vote, saying that it will provide the certainty needed for a more robust, stable Irish economy.
19 April 2012
FLAC want end to 'chronic' debt problem
Ireland needs a comprehensive structure for resolving the chronic indebtedness that has beset so many people arising out of the credit boom and subsequent bust, according to legal rights group FLAC today.
19 April 2012
Spain survives bond sale but yields rise
Spain managed to sell 2.5 billion euros of bonds at auction today, as much as it wanted, but at a cost of rising yields as the country struggles to tame its deficit.
19 April 2012
Tabloid hacking report due on May 1
British legislators said today they hoped to publish on May 1 a long-awaited report into a phone hacking scandal centred on News Corp's now-closed News of the World tabloid.
19 April 2012
Parcel firm creates 50 Athlone jobs
Express parcel carrier, DPD Ireland, today announced a further expansion of its fulfilment and distribution facility in Athlone, Co. Westmeath that will see 50 new jobs created over the next 18 months.
19 April 2012
Providence sees more potential off West
Irish energy prospector, Providence Resources, this morning said that it sees further gas potential at the Slyne Basin off the west coast.
19 April 2012
Ladbrokes punt on Web betting pays out
Britain's second-biggest bookmaker Ladbrokes reported growing revenue at its online business, which it said was starting to catch up with rivals after a hefty investment programme.
19 April 2012
BoI unveil new negative equity loans
Bank of Ireland this morning unveiled a new package of loans for customers in negative equity who wish to move home.
19 April 2012
RSA invests in North Ireland expansion
FTSE 100 listed global insurer, RSA, today announced a £5 million investment in their Northern Ireland operations with plans to expand further both North and South and manage the business on an all-island basis.
19 April 2012
Markets gamble on Spain bond success
Britain's top share index pushed higher early today, recouping all the previous session's falls, albeit in thin volume
19 April 2012
China's property to fall further 10-20pc
China's home prices likely will fall by a further 10 to 20 percent between now and the end of the year, after slipping 5 percent in the first
19 April 2012
ISEQ higher-Focus on Ladbrokes results
The ISEQ is higher this morning at 3,248 up 23 on yesterday's close as European markets rise ahead of Spain's big test later today
19 April 2012
Gradual improvement in Indian growth
India's economy will pick up this year, although more gradually than previously thought, while average inflation will be slower
19 April 2012
Australian growth held by dollar,weather
Australia's economy will struggle to meet lofty expectations this year, caught between a painfully high currency and a penny-pinching consumer
19 April 2012
Irish voters undecided on Fiscal Treaty
Almost 40 percent of Irish voters have yet to decide whether to support the European Union's fiscal treaty
19 April 2012
Mongolia's Ninja miners feed China lust
In a hot, concrete hut filled with acetylene fumes, an elderly Mongolian miner struggles to contain her excitement as she plucks a sizzling inch-long nugget of gold
19 April 2012
European markets rise ahead of auction
Europe's top shares gained this morning as Spain prepared to test investors appetite for risk at its auction of two- and 10-year bonds
19 April 2012
Roundup-Providence has big oil chasing
Providence is engaged in the biggest exploration programme ever seen in Irish waters and appears to have hit gold in an oil
19 April 2012
China has weathered the worst for 2012
China's economy has weathered the worst after reporting its slowest quarterly growth since the tail-end of the great financial crisis
19 April 2012
Asian growth due for moderate bounce
Asia's economic growth probably troughed in the first quarter but a bounce-back may be muted
19 April 2012
Ladbrokes profits up on retail, online
Britain's second-biggest bookmaker Ladbrokes posted a 3.9 percent rise in first-quarter profit
19 April 2012
IMF raises $320 billion in new round
International Monetary Fund Managing Director Christine Lagarde said on Wednesday she had secured commitments
19 April 2012
Spain to test spooked markets today
Spain will pay dearly for longer-term debt today when it auctions a 10-year bond for only the second time this year to markets spooked by fears
19 April 2012
Asian markets cautious ahead of auction
Asian shares and the euro traded in tight ranges today ahead of a Spanish bond sale seen as a key test of investors' risk appetite
19 April 2012
Futures point to slight rise in Europe
European stock index futures pointed to a slightly higher open for equities
19 April 2012
Nikkei slips ahead of Spanish auction
Japan's Nikkei average slipped 0.8 percent today, reversing the previous session's gains
18 April 2012
ISEQ flat ahead of Spanish auction
The ISEQ index barely got off the mark today after Tuesday's rebound as investors adopted a wait and see attitude amid continued unease over the euro debt crisis.
18 April 2012
Govt committed to Islamic finance centre
The Irish Government is committed to establishing the IFSC as a centre of excellence for Islamic finance, a seminar hosted by the International Fiscal Association Ireland (IFA) heard today.
18 April 2012
Tesco's sales in Ireland fall 2.4pc
Tesco has posted a 2.4pc fall in sales at its Irish outlets for its full financial year to the end of February, the company said today.
18 April 2012
Wall St and global markets head lower
U.S. stocks fell at today's open, retreating from their biggest rally in a month in the previous session, while yields on Treasuries held steady as fears of a resurgence in the euro zone debt crisis boosted demand for safe-havens.
18 April 2012
Euro down for third day on Spain worries
The euro fell for a second straight session against the dollar today, as euzozone debt worries mounted ahead of bond sale tomorrow in Spain, seen as testing test Madrid's capacity to grapple with financial and budgetary pressures.
18 April 2012
UNITE to fight for 'no' in referendum
The Unite trade union, the second largest in the country, is to campaign against the referendum on the Fiscal Treaty.
18 April 2012
Geithner says IMF can raise cash
U.S. Treasury Secretary Timothy Geithner said today the IMF was in a position to raise a substantial amount of capital quickly but that it should not substitute for a forceful response by Europe to its debt crisis.
18 April 2012
CUDA welcome Cred Union report
CUDA - the Credit Union Development Association - today welcomed the final report of the Commission on Credit Unions but said it had "huge concerns" over impending personal insolvency legislation.
18 April 2012
Mylan to create 500 jobs in Dub, Galway
US pharmaceutical giant, Mylan, is to create 500 jobs in Dublin and Galway over the next five years in an annual investment of E76m, the company and the Taoiseach Enda Kenny said today.
18 April 2012
ISEQ flat as investors wait and see
The ISEQ made only modest gains this morning after yesterday's rebound as investors adopted a wait and see attitude amid continued unease over the euro debt crisis.
18 April 2012
Eircom granted examinership by court
The High Court today appointed an examiner to debt-burdened eircom, giving it legal protection from its creditors for up to 100 days.
18 April 2012
Credit Unions to need substantial funds
The Commission on Credit Unions released its report today saying that the sector needs major restructuring and that the cost of this is as yet unknown but will be "substantial".
18 April 2012
Vhi saved E7m by special investigations
Private health insurer, Vhi Healthcare, today said that its Special Claims Investigation Unit (SIU) saved over just under E7m in cases of incorrect or inappropriate invoicing of claims by healthcare providers last year.
18 April 2012
Tesco halts UK growth after profit dip
Tesco, the world's No.3 retailer, slashed expansion plans for its main British business and said it would spend over 1 billion pounds on improving existing stores as it battles to recover from a shock profit warning.
18 April 2012
Kiwis seek Irish for Christchurch build
The release of huge sums of insurance cash to rebuild after the devastating Christchurch earthquake in New Zealand a year ago has see a surge in demand for Irish builders, according to migration firm, Visafirst.com.
18 April 2012
IBEC: We can grow twice as fast as EU
The Irish economy has the potential to grow by 3-4pc per year, over twice the EU average, over the next 20 years, according to employers group, IBEC, today.
18 April 2012
BoI unveil E200m healthcare fund
Bank of Ireland Business Banking today announced the launch of a E200m fund dedicated to the Primary Healthcare sector.
18 April 2012
Dub cruise season launch with Princess
The first grand cruise liner, the 109,000 tonne, 290 metre "Grand Princess" with almost 4,000 passengers and crew sailed into Dublin Port this morning to launch Dublin Port's multi-million euro annual cruise season.
18 April 2012
ESRI: income-related property tax best
A property tax based on income rather than site value would be a fairer proposition for the Government, according to economics think-tank, the ESRI.
18 April 2012
FTSE largely steady in early trades
Britain's top shares ticked lower in early trading today, largely consolidating the previous session's strong gains
18 April 2012
Coca-Cols grows revenues to $11 billion
Sales of the Coca-Cola Company's beverages grew around the world in the first quarter, led by consumption in India
18 April 2012
British inflation is stubbornly high
Inflation in Britain is uncomfortably high and will probably not fall as fast as the Bank of England has forecast
18 April 2012
ISEQ steady-Another record trade surplus
The ISEQ opened fairly stable this morning at 3,223, unchanged despite some drift from European markets
18 April 2012
European stocks drift lower after gains
European shares drifted lower this morning after their biggest gain in more than four months in the previous session
18 April 2012
Eurotunnel growth as SeaFrance sinks
Channel Tunnel operator Groupe Eurotunnel today reported growth in first-quarter revenue
18 April 2012
Roundup-1,000 jobs for Irish builders
A major international consultancy has up to 1,000 jobs available for highly qualified Irish construction staff
18 April 2012
LVMH sees growth in Asia and US
LVMH, the world's biggest luxury goods group, said first-quarter revenue grew 25 percent thanks to particularly strong growth in Asia
18 April 2012
Portugese PM offers no guarantees
Portuguese Prime Minister Pedro Passos Coelho said today there were "no guarantees" that the country would meet its commitment to return to the international capital markets
18 April 2012
Seagate expects margins to fall
Higher hard drive prices boosted Seagate Technology Plc's third quarter earnings, but the electronic storage device maker expects margins to fall
18 April 2012
Intel plans powerful new processor
Top chipmaker Intel Corp posted earnings confirming the PC industry is alive -- but not kicking -- and said sales would accelerate in the second half of the year with a powerful new PC processor.
18 April 2012
Starbucks grows in China with problems
Starbucks Corp is on the rise in China with ambitious expansion plans but like any big new emerging market there are teething problems,
18 April 2012
Flat start indicated for European market
European stock index futures pointed to a fractionally higher open on Wednesday as equities consolidated gains after a two-day rally.
18 April 2012
Spanish bailout inevitable say economist
Economic experts watching Spain don't know how much money will be needed or precisely when, b u t some are near certain that Madrid will eventually
18 April 2012
Nikkei recovers on US data and Bond sale
Japan's Nikkei share index climbed 1.7 percent to regain the key 9,500 level today after robust U.S. corporate
17 April 2012
ISEQ rebounds on renewed confidence
The main Dublin shares index rebounded back above the 3,200 level yesterday as some risk appetite returned amid good news on the German economy and Spanish debt.
17 April 2012
UTV's Talksport goes global in soccer
UTV-owned radio station Talksport will expand beyond its English base when it begins broadcasting soccer commentaries to Asia, North America and Africa from next season following an agreement with the English Premier League announced today.
17 April 2012
Ambassadors bring E35m to Shannon
Participants in a unique sports and business ambassadors programme, currently being rolled out in counties Clare, Limerick, Offaly and Tipperary, helped bring more than E35 million into the Shannon Region during 2010 and 2011.
17 April 2012
Oracle want a bite from Google's Android
Oracle is trying to obtain a share of Android by asserting its intellectual property even though it had nothing to do with the development of the smartphone operating system, an attorney for Google said in court.
17 April 2012
Wall St rises on Spanish debt sale
U.S. stocks rose today, with the S and P up 1 percent, on a drop in borrowing costs for Spain that helped ease concerns about the European debt crisis.
17 April 2012
Fall in global risk taking to deepen
Investors have scaled back both risk-taking and their expectations for global growth after concerns about European Union (EU) economies resurfaced, according to the BofA Merrill Lynch Survey of Fund Managers for April.
17 April 2012
New Irish Water to be part of Bord Gais
The Government today said that it is to set up the new utility, Irish Water, as an independent State owned subsidiary within the Bord Gais Eireann (BGE) group.
17 April 2012
US manufacturing, housing down in Mar
American manufacturing output slipped in March and groundbreaking on homes fell, casting a shadow over the economic outlook.
17 April 2012
IMF say global economy in uneasy calm
The global economy was in an "uneasy calm", the International Monetary Fund said today, predicting low growth, especially in debt-troubled Europe.
17 April 2012
Greencore to buy US sandwich maker
Irish convenience foods group, Greencore, has agreed to acquire Marketfare Foods LLC, a manufacturer of food-to-go products for convenience and small stores in the U.S. for $36 million.
17 April 2012
Noonan expects Troika to pass Ireland
The Troika review group currently in Dublin will find that Ireland has adhered to all of its commitments under the bailout programme, according to Finance Minister, Michael Noonan, today.
17 April 2012
UK has vast shale gas reserves
Britain may have enough offshore shale gas to catapult it into the top ranks of global producers, energy experts now believe, and while production costs are still very high, new U.S. technology should eventually make reserves commercially viable.
17 April 2012
Goldman Sachs profits top expectations
Goldman Sachs Group's first-quarter earnings fell from a year earlier but were better than many analysts had anticipated thanks to aggressive cost-cutting and better-than-expected investment banking and trading revenues.
17 April 2012
ISEQ rebounds as investor fears ease
The main Dublin shares index rebounded back above the 3,200 level this morning as some risk appetite returned amid good news on the German economy and Spanish debt.
17 April 2012
Gilliland, Smurfit join C and C board
Stewart Gilliland, the former chief executive of Muller Dairy and the current president of Smurfit Kappa, Tony Smurfit have both been appointed non-executive directors of drinks group, C And C.
17 April 2012
ESRI say regulatory clampdown needed
Ireland's economic recovery could be hastened by robust enforcement of competition and regulatory policy, according to new ESRI research.
17 April 2012
ESRI say property tax much more fair
A property tax could be designed to protect those on low incomes and to put the greatest burden on those with the highest incomes, according to new ESRI research.
17 April 2012
Worrying rise in Spanish bond yields
Spain's short-term borrowing costs jumped at a sale of more than E3 billion of short-term government debt today, reflecting fears about the country's finances and boding ill for a key long-term debt auction later in the week.
17 April 2012
Surprise rise in March British inflation
British inflation ticked up in March, driven by higher food and clothing prices and adding to views the Bank of England will shy away from giving the struggling economy another cash-boost next month.
17 April 2012
Feb exports dip, trade surplus narrows
Preliminary figures for February from the CSO indicate a seasonally adjusted decline in both Exports and Imports.
17 April 2012
Dot.ie registrations up 12pc in Q1
The number of new .ie Internet domain registrations for the first three months of the year totalled 9,398, a rise of over 12pc on the previous quarter.
17 April 2012
Eurozone inflation shows no let up
High world oil prices offered no respite for the euro zone's stubborn inflation in March as the EU's statistics agency revised upwards an initial reading for the month even at a time when the currency area's economy likely tipped into recession.
17 April 2012
Irish have more trust in Irish Web sites
The majority, 61pc, of Irish Internet users believe that Irish content sites are trustworthy compared to 18pc for social networks and 35pc who trust in global Web portals.
17 April 2012
Troika back in town for latest review
The review team from the bailout Troika - the EU, ECB and IMF - are back in Dublin today meeting with officials from the Department of Finance as they mark Ireland's report card for the sixth time.
17 April 2012
Euro vulnerable ahead of Spanish auction
The euro was steady today, staying vulnerable ahead of a Spanish bill sale that could intensify concerns
17 April 2012
FTSE higher ahead of Spain bond auction
Britain's top share index rose today in cautious trade ahead of a Spanish debt auction later in the session
17 April 2012
European markets reverse earlier losses
European stock markets edged higher today, with investors attracted by prices cheapened by a steep month-long sell-off,
17 April 2012
Too much demand for M and S !
Bellwether British retailer Marks and Spencer missed forecasts for underlying fourth quarter sales after it failed to buy enough best selling
17 April 2012
ISEQ higher-Focus on SME lending
The ISEQ is higher this morning at 3,196, up 20 points on yesterday's closing level and something of a rebound from recent significant falls
17 April 2012
Ireland's Troika review begins today
The sixth review of Ireland's IMF/EU loan programme begins today with a meeting in the Department of Finance
17 April 2012
European markets ease on Spain issues
European equity markets eased today, with concerns about Spain's finances keeping investors in a cautious mood
17 April 2012
European businesses hoarding billions
Treasurers of Europe's top companies are showing few signs of loosening their grip on billions of euros in cash hoards which could be key
17 April 2012
Roundup-Household incomes stabilise
Household incomes stabilised last year after two successive years of significant changes, according to data published yesterday by the Central Bank
17 April 2012
China at promising time for reform
China is at a promising moment for speeding up interest rate and exchange rate reforms, the central bank's statistics department said in a report
17 April 2012
IKEA to enter consumer electronics
Sweden's IKEA, the world's largest furniture maker, is set to enter the consumer electronics market with products developed in co-operation
17 April 2012
Asian markets lower on Spanish deficit
Asian shares and the euro fell today, as surging Spanish borrowing costs underscored the fading impact of the European Central Bank's bond purchases
17 April 2012
IMF seeking $400 billion this week
IMF chief Christine Lagarde hopes to gain broad consensus on a more than $400 billion rise in the fund's firepower this week,
17 April 2012
Nikkei lower as losses extended
Japan's Nikkei index dipped today to extend the previous session's sharp losses, although social gaming firm Gree Inc
17 April 2012
European markets head for mixed start
European shares were heading for a mixed start today, according to financial spreadbetters,
17 April 2012
Euro lower ahead of Spanish auction
The euro lost some ground today, a day after short-covering helped it pull away from two-month lows against the dollar
16 April 2012
Wall St rises after retail sales rise
Wall Street opened higher as U.S. retail sales in March eased concerns about a slowing economic recovery and Citigroup earnings helped lift bank shares.
16 April 2012
Central Bank to buy Anglo HQ for E8m
The Central Bank has agreed to buy the half-completed building that had been earmarked as the new Anglo Irish Bank headquarters before that bank collapsed, dragging down the entire Irish economy with it.
16 April 2012
Midlands get E3.8m EU start-up cash
The EU has granted E3.8m in funds for start-up companies in Roscommon, Leitrim and the wider region.
16 April 2012
US retail sales beat expectation in Mar
U.S. retail sales rose more than expected in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting that economic growth in the first quarter did not slow as much as many had feared.
16 April 2012
Sarkozy not seeking ECB mandate change
Germany rebuffed French President Nicolas Sarkozy's call for a debate on the European Central Bank's role in promoting economic growth, reaffirming on Monday its attachment to the ECB's independence.
16 April 2012
Venture Capital fund sets up in Limerick
Irish Technology Capital (ITC) - a Silicon Valley based venture capital fund created by Irish Diaspora technology leaders and investors - has set up its European headquarters in Limerick.
16 April 2012
ISEQ gains but Spain crisis weighs
The main Dublin shares index rose modestly this morning as the euro plunged amid growing fears over Spain's debt crisis.
16 April 2012
Sterling surges to 19-mth high on euro
Sterling rose to its highest in 19 months against the euro today and was poised for more gains as concerns about budget problems in Spain caused Spanish borrowing costs to jump and prompted investors to seek alternatives to the common currency.
16 April 2012
Red Mills wins Chinese feed contract
Irish animal feed company, Connolly's Red Mills, has become the first in the world to secure a licence to import horse feed into mainland China.
16 April 2012
Britain mulls plain cigarette packets
Britain could soon force cigarette makers to sell plain, brand-free packets as the government seeks to deter a habit which it says is responsible for over 100,000 UK deaths a year and puts pressure on the public health system.
16 April 2012
Limerick tech launch E1m seed fund
Limerick Institute of Technology (LIT) and the Minister for Finance Michael Noonan, today announced the creation of a unique, privately generated fund to support the early and developmental stage for start-up businesses in the Mid-West region.
16 April 2012
AIBMS launch first contactless pay site
AIB Merchant Services, a merchant acquiring joint venture between First Data Corporation and Allied Irish Banks, today announced the launch of its first contactless payment terminal.
16 April 2012
Savings rise but income falls in 2011
Latest figures from the CSO show that gross household savings increased by over E637m to E12,866m but that household disposable income fell last year.
16 April 2012
Eurozone exports surge in February
The euro zone's trade with the rest of the world showed surprising strength in February, driven by French and German exports of cars and machinery, but imports remained weak as European households struggled through the bloc's economic slump.
16 April 2012
Musgrave workers to strike this week
SIPTU members in the Musgrave Group have served strike notice on the company in Cork to commence on Wednesday in a dispute concerning alleged changes to their conditions of employment.
16 April 2012
Govt ink historic equine deal with China
The Government has announced a E40 million export deal with the China's first national equine facility, based in Tianjin.
16 April 2012
Restaurants call for 9pc VAT retention
Restaurant owners today called for the retention of the 9pc VAT rate.
16 April 2012
Spanish 10 year bonds pass 6pc
Spanish 10-year government bond yields broke above 6 percent for the first time this year today as concerns
16 April 2012
FTSE higher despite bearish comment
Britain's top share index climbed early today, bouncing after the previous session's sharp falls
16 April 2012
ISEQ unchanged-bidders for BHT
The ISEQ has been in mixed mood this morning, opening lower but then responding to slightly higher European markets and it is currently unchanged
16 April 2012
Europe stocks open higher
European shares edged higher today, consolidating after recent falls as a strong start to the U.S. earnings season offered some support
16 April 2012
Spain's regions in support for measures
Spanish regions controlled by the ruling People's Party staged their backing for Prime Minister Mariano Rajoy's austerity drive on Saturday
16 April 2012
Monti falling from grace in Italy
When Mario Monti became Italian prime minister last November it seemed he could do no wrong
16 April 2012
Roundup-Horse racing deal with China
Ireland is set to play a key role in efforts to develop China's horse racing industry after it announced
16 April 2012
Chinese Co's looking to buy Vestas
Two Chinese wind turbine makers are looking into launching takeover bids for world number one Vestas Wind Systems
16 April 2012
Fall in oil prices disaster for Nigeria
A sharp fall in oil prices would be a relief for much of the world, but for Nigeria it could spell big trouble
16 April 2012
Futures point to lower European opening
European stock index futures pointed to a slightly lower open for equities today, with investors seen staying cautious
16 April 2012
Nikkei lower on Eurozone worries
Japan's Nikkei share average fell 1.2 percent at the open today on renewed concerns
16 April 2012
Buffett Rule vote not expected to carry
President Barack Obama and congressional Democrats are laying a political trap for Republicans to be sprung today when the U. S. Senate is slated to vote
16 April 2012
Far Eastern markets lower on China stock
Hong Kong shares slipped today as weak overseas markets, profit-warnings from Chinese companies and more euro zone wobbles trumped the longer-term
16 April 2012
Euro lower on Spain concerns
The euro slumped today, hitting a one-month low against the dollar and 1-1/2 year nadir against the British pound as soaring bond yields in Spain
13 April 2012
ISEQ closes rough week on a downer
The main Dublin index rose in morning trade, briefly rising above the 3,200 mark but slid back down again by the close amid growing investor unease about the economy and debt.
13 April 2012
Wall St drops on eurozone debt woes
U.S. stocks fell today on renewed concerns about the euro zone after the cost of insuring Spanish debt against default hit a new high.
13 April 2012
Aviva announces premium rise
For the fourth time in a little over a year, private health insurer, Aviva Health, is to increase its premiums
13 April 2012
Firms urged to look to Asia trade
The Asia Trade Forum, established by the Irish Exporters Association, has launched a competition for Irish businesses interested in expanding into Asia.
13 April 2012
Eircom's fate sealed with mobile sale
The sale of Eircom's mobile division in 2001 was a contributing factor in the telecoms incumbent's downfall, according to an analysis from global ratings agency Moody's.
13 April 2012
UK factory, building data tests BoE
British factory gate prices rose more than expected in March, while a feeble rebound in construction in February kept the threat of recession alive, highlighting the Bank of England's dilemma.
13 April 2012
Boston Sci to lay off 150 in Galway
US medical devices company Boston Scientific is to lay off 150 short term contract workers at its Galway facility.
13 April 2012
Hogan to spend E2m to tackle litter
Local authorities will receive a total of E2.15m to tackle litter and graffiti, Phil Hogan, Minister for the Environment, Community and Local Government said today.
13 April 2012
ISEQ flat as investor caution foremost
The ISEQ was flat this morning in weak trading as caution remained the watchword of investors amid unease over the eurozone debt crisis.
13 April 2012
Oracle, Google lawsuit set to begin
Oracle is set to go to trial next week against Google in a high-stakes dispute over smartphone technology, the biggest case in what is shaping up to be an intense year in court for the enterprise software giant.
13 April 2012
JP Morgan posts lower net income
JPMorgan Chase and Co reported lower first-quarter profit, but higher earnings per share after the company bought back stock.
13 April 2012
Irish mortgage rates lower than EU
The average mortgage rate in Ireland is lower than the EU average while our deposit rates on savings are higher, according to the latest figures from the Central Bank.
13 April 2012
Euro shares head for a month of losses
European shares declined today after two days of gains as renewed concerns about the rising cost of borrowing in some highly indebted euro zone countries dampening sentiment and hurting cyclical sectors such as banks.
13 April 2012
Asmussen sees steady bond markets
The ECB's Joerg Asmussen said today that he saw signs of stabilisation in sovereign debt markets, but he left open the possibility of the ECB intervening to counter upward pressure on Spanish government bond yields.
13 April 2012
EU Energy Commission on Irish visit
The European Union's Committee of the Regions (CoR) will make its first ever visit to Ireland later this month, it was announced today.
13 April 2012
AIB seed fund invests E1.3m in firms
In the first three months of 2012, the AIB Seed Capital Funds made five new investments totalling E1.3million in up-and-coming firms, it said today.
13 April 2012
Murdoch's grip on BskyB weakens
A British parliamentary report into a phone hacking scandal may lead eventually to News Corp being forced into cutting or selling its stake in the highly profitable pay-TV firm BSkyB, having already dropped its bid to buy it outright last year.
13 April 2012
'Irish banks needs to cut ECB borrowing'
Ireland's banks need to "substantially" reduce their dependence on special funds from the ECB if they are ever to return to normal, European Central Bank Executive Board member Jorg Asmussen said today.
13 April 2012
Spanish inflation lower as demand falls
Spain's inflation rate fell below 2 percent for the first time since August 2010 last month, reflecting the economy's slide towards recession
13 April 2012
China to deliver new supertanker to Iran
Chinese shipyards are expected to deliver the first of 12 supertankers to Iranian oil shipping operator NITC in May
13 April 2012
World stocks steady despite early falls
World shares held steady today after China's first-quarter growth came in slower than expected
13 April 2012
ISEQ lower-ECB comments examined
The ISEQ is down this morning at 3,178, a fall of 18 points on the overnight close. China's lower than expected growth data can be sighted
13 April 2012
More downward pressure on Oil prices
Chinese data showed the country's economy grew at its slowest rate in nearly three years and oil prices have responded accordingly
13 April 2012
European markets lower on China growth
European shares resumed their decline today after gains in the previous two sessions as lower-than-expected Chinese growth data dampened market
13 April 2012
Roundup-We need further E13b in cuts/tax
Ireland needs to find a further E13 billion in tax and spending cuts to start its debt burden on a downward
13 April 2012
Google reports 1st Q income of $2.89bill
Google Inc reported net income of $ 2.89 billion, or $ 8.75 p er share, in the first quarter and announced a proposal to effectively implement a 2-for-1 stock split.
13 April 2012
Here come the lousy jobs!
More bad news for the middle class: When the economy recovers, jobs in the middle won't.
13 April 2012
Fed will only act if economy weakens
U.S. Federal Reserve officials, out on a speaking spree on Thursday, suggested the economy would have to deteriorate for the central bank to consider additional monetary stimulus
13 April 2012
China's economy signs of stabilising
China's economy is showing signs of stabilising as economic fundamentals remain unchanged
13 April 2012
Euro lower on China growth data
The euro and the Australian dollar eased today after Chinese growth data disappointed traders already positioning for a strong showing
13 April 2012
Saudi determined to bring down oil price
Top oil exporter Saudi Arabia is determined to bring down high oil prices and is working with fellow OPEC members to accomplish that
13 April 2012
Nikkei recovers lost ground
Japan's Nikkei share average rose 1.2 percent today, propped up by a rally in Fast Retailing
13 April 2012
China's economy slowest in three years
China's economy grew at its slowest in nearly three years in the first three months of 2012
12 April 2012
ISEQ rebound takes back week's losses
The main Dublin shares index took back most of the steep losses experienced over the past few days as bargain hunters descended on key stocks and data from the US buoyed hopes of a global recovery.
12 April 2012
Flights in and out of Ireland decline
Cuts in capacity saw the numbers of flights to and from Dublin, Cork and Shannon airports decline in the first three months of the year, latest Irish Aviation Authority figures show.
12 April 2012
Markets up on US export surge
Global stocks rose and the euro gained today after a narrower U.S. trade gap prompted by record-high exports eased concerns about a weak labor market and stoked optimism over the outlook for corporate earnings.
12 April 2012
Banks told to point out the risk takers
Europe's banks are not identifying enough staff as key risk-takers, undermining efforts by regulators to improve pay practices and reduce the threat of another crisis, the industry's watchdog said.
12 April 2012
Oaktree IPO a disappointment so far
Shares of private equity firm Oaktree Capital opened 5pc below their initial public offering price today during the company's NYSE debut.
12 April 2012
German group to challenge Fiscal Pact
A group of German lawmakers and lobby groups said today they would lodge a complaint against planned EU-wide fiscal rules and a new bailout facility with the Constitutional Court once they had gone through parliament.
12 April 2012
Sterling rise poses risks for UK economy
Sterling surged to a 19-month peak on a trade-weighted basket of currencies today, posing risks to exports and the British government's aim to rebalance the economy.
12 April 2012
US trade gap narrowed sharply in Feb
The U.S. trade deficit narrowed unexpectedly in February as exports hit a record high, imports from China and other key suppliers declined and oil import volume fell to the lowest in 15 years, a government report showed today.
12 April 2012
Govt launch E150m scheme to create jobs
The Minister for Jobs, Enterprise and Innovation, Richard Bruton has launched the E150m Development Capital Scheme with E50m coming from the State and E100m from private investors.
12 April 2012
Euro pares gains after weak Italy sale
The euro eased against the dollar and the yen today after Italian borrowing costs jumped at a bond auction, highlighting investor fears that the euro zone's debt problems will ensnare larger economies.
12 April 2012
Bargain hunters help ISEQ bounce back
The main Dublin shares index took back some of the steep losses experienced over the past few days as bargain hunters descended on key stocks.
12 April 2012
Etihad in multi-million GAA sponsor deal
Etihad Airways, the national airline of the United Arab Emirates, today announced it had forged a new, long-term, multi-million euro sponsorship deal with the GAA.
12 April 2012
One in five Greeks now unemployed
Greece's jobless rate rose to a record of 21.8 percent in January, twice as high as the euro zone average, statistics service ELSTAT said today, as the debt crisis and austerity measures took their toll on the labour market.
12 April 2012
Mothercare Ire says trading profitably
Mothercare Ireland today said it is still trading profitably and planning expansions and is not affected by the closure of 11 stores in the UK.
12 April 2012
Italian bond costs jump at auction
Italian three-year borrowing costs jumped to 3.89pc at a bond auction today, a rise of more than one percentage point compared with a month ago and the latest sign markets are unconvinced that Europe is on top of its debt problems.
12 April 2012
Providence gets paid for Nigerian sale
Irish prospector, Providence Resources today said that the second and final tranche from the sale of its 6.7pc stake in the Aje field offshore Nigeria has been completed.
12 April 2012
Inflation at 2.2pc in year to end of Mar
Annual inflation, as measured by the Consumer Price Index (CPI), rose by 2.2pc to the end of March and recorded a 1pc rise compared to February as petrol prices soared, latest figures from the CSO reveal.
12 April 2012
Cork welcomes E500m power investment
Cork Chamber has welcomed EirGrid's announcement today of a E500 million investment in electricity transmission infrastructure in the South and East.
12 April 2012
Ryanair take the axe to Edinburgh hub
Irish no-frills airline, Ryanair, today said it is to close eight routes and 60 weekly flights to and from Edinburgh over what it says are high airport costs levied by operator, BAA.
12 April 2012
E12m Angel invest for 344 jobs by 2015
Halo Business Angel Network (HBAN), the all-island umbrella group responsible for stimulating angel investment, has helped 29 promising firms raise E12m with the promise of 344 new jobs by 2015.
12 April 2012
BDO appoint 7 partners, to hire 60 staff
Audit, tax and business advisory firm, BDO Ireland, today announced significant expansion plans by appointing seven new partners while a total of 60 new staff will also join the business in Dublin and Limerick.
12 April 2012
Revenue up, profits down at Donegal
While group revenues rose by 13.6pc to E69.6m, Donegal Creameries posted a pre-tax loss of E3.2m for last year compared to a profit of E3.15m the year before as it took on acquisition costs and property value charges.
12 April 2012
Perry says black economy costing jobs
The trade in illegal cigarettes cost the Exchequer up to E250m last year alone while the black economy as a whole is s major threat to retail jobs, Minister for Small Business, John Perry, said today.
12 April 2012
Euro vulnerable to Italian bond hike
The euro and growth-linked currencies such as the Australian dollar strengthened today, earning some respite from concerns about the global
12 April 2012
Cyprus bank with lots of Greek exposure
Cyprus is in a very difficult position with the collapse of the Greek economy and it's major bank with significant exposure to Greece
12 April 2012
ISEQ higher-Paddy Power down under
The ISEQ is up this morning on tentative buying and stands at 3,155, a rise of 16 points on yesterdays close as European markets
12 April 2012
New investments create 340 jobs
Small scale new investment is happening in the Irish economy all the time although we are not always aware of it.
12 April 2012
European markets edge higher
Europe's top shares tiptoed higher early today as investors cautiously continued to buy into beaten down autos, banks and mining stocks,
12 April 2012
Roundup-Shortage of Irish Whiskey
A decision by the new owners of Cooley Distillery not to supply whiskey to independent operators has been slammed
12 April 2012
Sony to cut 10,000 jobs in major revamp
Sony Corp said it is to cut around 10,000 jobs - 6 percent of its global workforce
12 April 2012
Mothercare to close more UK stores
British mother and baby products retailer Mothercare said it would close more UK stores as it seeks to restore profitability
12 April 2012
Australian employment in surprise surge
Australian employment surged past all expectations in March while the jobless rate stayed at a low 5.2
12 April 2012
Yen lower as ECB hints at bond buy backs
The safe-haven yen pulled away from multi-week peaks against major currencies today after the European Central Bank official hinted
12 April 2012
World Bank lowers China growth forecast
The World Bank has lowered its forecast for China's 2012 economic growth to 8.2 percent from 8.4 perc
12 April 2012
Japanese economy in recovery
Japan's government stuck to its assessment that the economy is slowly recovering today but raised its view on exports,
12 April 2012
Nikkei breaks losing streak
Japan's Nikkei average snapped a seven-session losing streak today, boosted by gains in index futures
12 April 2012
Italian bond yields to rise,Spain issue
Italian three-year borrowing costs are set to jump by a full percentage point from a month ago at a bond auction today
11 April 2012
ISEQ closes flat after early losses
The main Dublin shares index closed flat today after the week's sharp falls and amid continued nervousness by investors over the latest flare-up in the eurozone crisis.
11 April 2012
Crude oil prices fall below USD120
Oil slipped below $120 a barrel today and traded near its lowest in almost two months, pressured by rising U.S. inventories and concern about the strength of global demand.
11 April 2012
US accuses Apple and e-publishers
Apple and several major publishers were accused by the U.S. government of conspiring to fix prices of e-books and limit retail price competition, according to a lawsuit filed today.
11 April 2012
Weak demand at German bond sale
Safe-haven Germany offered the lowest ever return of 1.75pc on its 10-year government bonds today, dampening demand for its debt despite concerns about Spain and Italy.
11 April 2012
Wall St rebounds after 5-day drop
U.S. stocks bounced back at the open after five days of losses on the S and P 500 that brought the benchmark index down more than 4 percent.
11 April 2012
Start-ups to vie for Angel's cash
Over 100 angel investors and entrepreneurs will gather in Dublin next week for the inaugural Irish Angel Meetup to be addressed by top private investment specialists.
11 April 2012
Nokia warns on quarterly profits
Ailing mobile phone maker Nokia warned its phone business would post losses in the first two quarters this year, as it struggles to revamp its product line to compete with rivals Apple and Samsung.
11 April 2012
ISEQ flat with investors still nervous
The main Dublin shares index remained flat this morning after yesterday's sharp falls and amid continued nervousness by investors over the latest flare-up in the eurozone crisis.
11 April 2012
Consumer mood lifts for 3rd straight mth
Irish consumer sentiment rose for the third straight month this year, albeit slightly, as people took a less pessimistic tone on the economy and on their own personal financial prospects.
11 April 2012
Irish firms want audit market shake-up
Nearly three quarters (73pc) of businesses across Ireland believe there needs to be a shake-up in the audit market, according to research from Grant Thornton today.
11 April 2012
Euro shares hold steady after big falls
Europe's shares posted modest gains today, clawing back some of the steep losses seen in the previous session, boosted by beaten-down miners and banking stocks.
11 April 2012
Central Bank: Boiler Room activity surge
There has been a 100pc rise in the number of complaints and queries from the public and investors over the activities of so-called Boiler Rooms targeting Ireland.
11 April 2012
Bord Gais face competition probe
The Monopolies Division of the Competition Authority has launched a probe in to alleged anti-competitive business practices by Bord Gais.
11 April 2012
Industrial property Q1 take-up down 16pc
The take up of industrial property in Dublin declined by 16pc in the first quarter of this year compared to the same time a year earlier, according to the latest Dublin Industrial Market View report from property consultants CBRE today.
11 April 2012
'Irish SMEs are stuck in last century'
Irish small and medium sized business (SME) owners have their heads stuck in the 20th century when it comes to using the latest applications to market their goods and services, according to new research carried out by The DG Group.
11 April 2012
ECB say pressure on Spain is unfair
The scale of market pressure on Spain is not justified given the reforms being undertaken by its government and the ECB still has its bond-buying programme as an option, ECB Board member Benoit Coeure said today.
11 April 2012
Apple world's most valuable company
Apple has now been valued at over USD600 billion, making it easily the most valuable company in the world.
11 April 2012
Italy short term debt cost rise today
Italy's one-year borrowing costs rose for the first time since November at a sale of short-term bills today, mirroring fresh doubts about weaker euro zone countries and highlighting market nerves ahead of a major auction of three-year bonds.
11 April 2012
Firms welcome Credit Guarantee Scheme
The publication of the Credit Guarantee Bill and the announcement of the operator for the Credit Guarantee Scheme by Minister Bruton.was welcomed by business today.
11 April 2012
FTSE lower as Energy stocks fall
Britain's top shares saw an early rally snuffed out today, with falls in energy stocks weighing
11 April 2012
New technology will reduce accidents
We already have cars that can park for us or at least help us with parking but what is coming down the line
11 April 2012
Strong currency hurts N. Zealand dairy
New Zealand exporters are bracing for more pain as the currency climbs, building up hedges to protect their profits in case speculation
11 April 2012
ISEQ in slight rise- Eurozone focus
The ISEQ is up slightly this morning at 3,145 following the rapid retreat of recent days in world markets
11 April 2012
Optimism in Irish construction for 2012
Optimism is emerging in the construction sector, with almost half the country's builders expecting business to grow over the next 12
11 April 2012
Income inequality threat to Asian growth
Developing Asia's rapid growth in recent years has given rise to a widening rich-poor divide that threatens to undermine the region's
11 April 2012
Roundup-NTMA to issue annuity bonds
The National Treasury Management Agency is ready to raise funds of up to E 2 billion this year by issuing annuity bonds to domestic pension funds
11 April 2012
New $35 billion casino for Spain
U.S. billionaire Sheldon Adelson said today that he plans to spend $35 billion on a mini-Las Vegas strip in Spain,
11 April 2012
China growth not just problem in 1st Qtr
Friday the 13th could prove unlucky for investors betting that China's pace of economic expansion in the first quarter
11 April 2012
Vietnam currency reserves boosted
Vietnam's typically low foreign exchange reserves rose by around 25 percent to an estimated $17 billion at the end of the first quarter
11 April 2012
Shanghai Disney secures $2billion loan
The operator of the planned Shanghai Disney theme park has secured a 12.9 billion yuan ($2 billion) syndicated loan for the construction of the park
11 April 2012
Nikkei sees seven straight days lower
Japan's Nikkei index fell for the seventh straight session today, marking its worst run in almost three years
11 April 2012
Sony results hammers electronics Co's
Shares of Sony Corp, the inventor of personal music players, slid more than 7 percent today after the company more than doubled its annual loss forecast
11 April 2012
Futures point further losses in Europe
European stock futures pointed to further losses for equities today
11 April 2012
New Nokia has software problem
Struggling cellphone maker Nokia today disclosed a software bug in its new flagship Lumia 900 model
11 April 2012
Asian markets lower on growth concerns
Asian shares fell for a third straight day today as investors reduced their risk positions due to uncertainty over global growth prospects
10 April 2012
ISEQ slumps on Spain bank debt fears
The main Dublin shares index fell sharply again today as investors ran for cover amid new and growing fears over global economic growth prospects and fears over Spain's banks.
10 April 2012
Greece to call election for May 6
Greek Prime Minister Lucas Papademos will meet President Karolos Papoulias at 1400 GMT on Wednesday to ask for a snap election to be called on May 6, government officials said today.
10 April 2012
BoI, ICS cut fixed rate mortgage rates
Bank of Ireland and ICS today said that they are cutting their fixed rate mortgage rates for first time buyers.
10 April 2012
IMF opens up to idea of private debt cut
A statement from the IMF today suggested that it is becoming more open to larger scale household debt forgiveness than it has previously been.
10 April 2012
Neopost Ireland buy Dublin printers
Mailing company, Neopost Ireland today said it has bought Dublin-based printers, Print Finishing Equipment (PFE) for an undisclosed sum.
10 April 2012
UK consumers may give economy a boost
Britain's consumers could spring an economic surprise in 2012, helping avert a new recession by loosening their purse strings and bringing relief to retailers forced to adapt to a new world of austerity shopping.
10 April 2012
Wall St flat in opening trades
U.S. stocks opened flat today as the S and P 500 found support near their 50-day moving average, following four days of losses on the benchmark index.
10 April 2012
US business mood takes a knock
U.S. small business confidence dropped in March for the first time in six months amid widespread pessimism, adding to evidence suggesting that economic growth slowed in the first quarter.
10 April 2012
Spain's banks may need more capital
Spain's banks may need more capital if the economy deteriorates, the head of the central bank said today, reflecting fresh concerns that some might not survive a recession made worse by the government's austerity drive.
10 April 2012
ISEQ slides amid growth worries
The main Dublin shares index fell sharply again this morning as investors ran for cover amid new and growing fears over global economic growth prospects.
10 April 2012
Allsop to sell first unfinished estate
Auctioneers, Allsop Space, has 50 property lots for sale in May, including the first unfinished housing estate to go up for sale since the property bubble burst.
10 April 2012
Record oil prices threat to eurozone
Oil prices at record levels in euro terms are threatening to rock the euro zone's economy more than might be expected, with those countries least capable of riding out a shock being the worst hit.
10 April 2012
Savings index declines for 2nd month
An index of attitudes to saving declined for the second month in a row in March as 55pc of people believe they are saving less than they think they should.
10 April 2012
Fear of two-tier EU banking system
The ECB's decision to give the euro zone's national central banks the power to ban certain types of collateral being used by banks to get loans has ignited fears that the bloc's one-size-fits-all monetary policy is splintering into a two-tier system.
10 April 2012
French economy grinds to a halt
France's economy posted no growth in the first quarter and there are no sign of a strong recovery in activity in the coming months, according to a Bank of France survey today.
10 April 2012
Alan Walsh to join board of NTR
Alan Walsh, Chief Executive of investment group, One51, is to join the board of renewable energy group, NTR, as a non-executive director.
10 April 2012
Industrial production down 3.6pc in Feb
Ireland's industrial production was 3.6pc lower in February than in January 2012, latest figures from the CSO show.
10 April 2012
Uninsured costing each driver E30
Ireland's two million drivers are shelling out E30 a year each for those who drive without insurance, according to the Irish Brokers Association.
10 April 2012
Kingspan CEO Murtagh paid E1.3m
Gene Murtagh, Kingspan's chief executive was paid E1.3 million last year, according to the insulation manufacturer's annual report.
10 April 2012
Small firms mental block about exports
Many smaller Irish firms have a "mental block" when it comes to selling overseas, according to a new study.
10 April 2012
Co-op group ICOS get a new chief exec
The Irish Co-operative Organisation Society (ICOS) has appointed Seamus O'Donohoe as Chief Executive Officer.
10 April 2012
Retired more confident about finances
Retired people in Ireland are now so much more confident than the rest when it comes to finances.
10 April 2012
Irish energy price index dips from highs
After two months of record high rises, a return to milder weather across Continental Europe put downward pressure on wholesale gas and electricity prices and pushed the Bord Gais Energy Index down 3pc in March.
10 April 2012
Just what Greece needs-More strikes
Greek ferry workers began a 48-hour strike today, leaving travellers stranded during one of the country's most important holidays
10 April 2012
Sony sees record $6.4 billion losses
Sony Corp forecast a record $6.4 billion net loss for the business year just ended, its fourth straight year of losses
10 April 2012
European markets lower on US, China data
Europe's top shares fell sharply early today as recent downbeat U.S. jobs data and mixed trade figures from China
10 April 2012
ISEQ lower-Focus on Industrial Prod.
The ISEQ fell sharply this morning following the long weekend break to 3,177, down 26 and in line
10 April 2012
German exports to 3rd countries increase
Trade with countries outside the euro zone drove German exports higher for the second month running in February,
10 April 2012
FTSE lower on US data
Britain's top shares fell in early trade today as traders returned to their desks after a long holiday weekend,
10 April 2012
Spain to charge rich for healthcare
Spain is considering charging the rich for healthcare as it reforms its highly regarded and deeply indebted public health system
10 April 2012
US pump prices fall below $4 per gallon
On average, U.S. pump prices declined to $3.939 per gallon, the U.S. Energy Information Administration said
10 April 2012
Roundup-Executives tax breaks
Minister for Jobs Richard Bruton privately warned earlier this year that tax breaks aimed at luring multinational executives to Ireland
10 April 2012
Nissan announces investment in UK
Japanese carmaker Nissan Motor Co said today it will invest 127 million pounds ($200 million) to build a new hatchback at its Sunderland plant
10 April 2012
Facebook pays $1billion for Instagram
Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer
10 April 2012
Bernanke says Banks need more capital
Federal Reserve Chairman Ben Bernanke said on Monday banks need to have more capital at hand in order to ensure the financial system is stable.
10 April 2012
Asian stocks struggle despite China data
Asian shares struggled today as investors remained cautious after Chinese trade data showed the world's second largest economy may be able
10 April 2012
China returns to trade surplus in March
China returned to an export-led trade surplus in March, heralding the prospect that the global economy may be passing its low point
10 April 2012
Nikkei sees 6th day of losses
Japan's Nikkei share average edged down 0.1 percent to log its sixth straight session of losses today
10 April 2012
Futures point to lower European start
European stock index futures pointed to sharp losses today, tracking a drop on Wall Street
06 April 2012
French trade deficit widens
France's trade deficit widened unexpectedly in February to hit a five-month peak
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