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20 June 2013
Petrel in Atlantic Margin farm-out talks
Irish oil and gas prospector, Petrel Resources, this morning said it in talks with several international oil companies on forming joint ventures at its pair of licence options in the Irish Atlantic Margin.
20 June 2013
Ryanair plan to return E1bn to investors
Ryanair this morning detailed plans to return up to E1 billion to shareholders over the next two years and intends to step up its growth rate from the current 5pc a year to 7pc.
20 June 2013
Coillte harvest rights not for sale
The harvesting rights to Coillte's huge forest assets is now not for sale, the Government has confirmed.
20 June 2013
Eurozone in surprise easing of slump
The euro zone's private sector slump has eased more than expected this month, business surveys showed today, but a continued slide in new orders
20 June 2013
FTSE sell-off blamed on Ben and China
UK stocks were dealt a double-blow early today after the U.S. Federal Reserve signalled its intention to begin scaling back stimulus later this
20 June 2013
ISEQ lower-IMF comments examined
The ISEQ is lower this morning at 3,937, down 6 points as European markets reacted negatively to Mr Bernanke's comments and on top of that
20 June 2013
European stocks take a hit on Fed etc.
European shares fell today as confirmation that the U.S. Federal Reserve would wind down economic stimulus measures, together with weak
20 June 2013
Airbus orders come in at Paris show
European planemaker Airbus sought to finalise a flurry of orders today to avoid a rare defeat to U.S. arch-rival Boeing at its domestic Paris Airshow
20 June 2013
Germany ekes out growth but problems
Germany's private sector eked out growth for a second straight month in June but new business slumped, a survey showed today, suggesting
20 June 2013
Roundup-Sean Dunne laid bare in US
"That seems like a lot," said Richard Coan, the bankruptcy trustee as he scanned details of Sean Dunne's bankruptcy schedule which listed his
20 June 2013
Ulster Bank sell-off raised by Osborne
British Chancellor George Osborne has raised the possibility of Ulster Bank's assets being sold off from its parent, Royal Bank of Scotland.
20 June 2013
Chinese manufacturing lower in June
Activity in China's vast manufacturing sector weakened further in June to a 9-month low as new orders faltered, a preliminary survey of purchasing
20 June 2013
Ben is blamed as Asian markets buckle
Asian markets buckled badly today after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as
20 June 2013
Futures point markets lower on Bernanke
European stock index futures pointed to a sharply lower open today, tracking losses on Wall Street after U.S. Federal Reserve Chairman Ben
20 June 2013
Nikkei lower on China prospects and Fed
Japan's Nikkei share average fell today as weak China data further unsettled markets coming to grips with Federal Reserve Chairman
20 June 2013
Chinese manufacturing down in June
Activity in China's vast manufacturing sector weakened further in June to a 9-month low as new orders faltered, a preliminary survey of purchasing
19 June 2013
ISEQ rises ahead of key Fed statement
The ISEQ continued its modest climb-back with all eyes on the Federal Reserve's statement and news conference tonight.
19 June 2013
EU tries to keep US data spies out
European Union lawmakers want to forbid the United States from accessing European citizens' data without the approval of a judge or equivalent authority, a response to the revelations about the Prism spy programme.
19 June 2013
Vodafone may trump Liberty Kabel bid
Vodafone is discussing a E7.6 billion cash bid with Kabel Deutschland and is confident its offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said today.
19 June 2013
Wall St dips ahead of Fed statements
U.S. stocks dipped modestly at the open today, but held on to most of their gains over the last two days, ahead of a highly anticipated Federal Reserve statement and news conference.
19 June 2013
IMF say Ireland on track to exit bailout
Ireland has a good chance of exiting its bailout this year but would benefit from more European support in cleaning up its indebted banks and the safety net of precautionary funding, the IMF said today.
19 June 2013
Obama swipes at Merkel's austerity
The need to balance budgets should not distract from the ultimate goal of economic policy, improving people's lives, U.S. President Obama said today in what appeared to be a dig at German Chancellor Angela Merkel's focus on austerity.
19 June 2013
Irish software group win Norway contract
Dublin-based Escher Group Holdings, a global provider of outsourced, point of sale software to the postal industry, today said it has won an important extension of its contract with Norway's national postal service worth USD 4m (nearly E3m).
19 June 2013
Ryanair: We could go Transatlantic
Ryanair, Europe's biggest budget airline, could start selling low-cost trans-Atlantic flights if it secures enough twin-aisle aircraft and gains access to cities in both Europe and the United States, its chief executive said today.
19 June 2013
OECD tax man: Irish tax rate is 2pc
The Director of the OECD's Centre for Tax Policy, Pascal Saint-Aman's, today said that Ireland is effectively charging a 2pc corporate tax rate for some big companies and this must change.
19 June 2013
Bruton inks treaty to protect performers
Taking a major step toward protecting the work of musicians and performers worldwide, minister Richard Bruton today signed the Beijing Treaty at the World Intellectual Property Organization (WIPO) headquarters in Geneva.
19 June 2013
Govt kicks off Budget 2014 process
The first part of the process that will culminate in Budget 14 in October got under way today.
19 June 2013
Solar 21 creates jobs with expansion
Solar 21, the Irish renewable energy investment group today announced plans to recruit for 25 new positions in the coming months in a major expansion of the business.
19 June 2013
Irish funds valued at over E1 trillion
For the first time ever, the rapidly expanding Irish funds industry surpassed the E1 trillion level in net asset value, latest Central Bank figures show.
19 June 2013
NAMA provides E18m for Belfast build
The National Asset Management Agency (NAMA) is providing stg£15 million (E18 million) in funding to complete a landmark office development in Belfast.
19 June 2013
ISEQ edges up as Fed statement looms
The ISEQ continued its modest climb-back this morning with all eyes on the Federal Reserve's statement and news conference tonight.
19 June 2013
Sunday Business Post rescue plan cleared
The Sunday Business Post is to exit examinership after the Commercial Court today approved a survival plan for the newspaper.
19 June 2013
DIT students fly the flag in Hong Kong
Four Irish college students are travelling to Hong Kong at the end of this week, representing Ireland in a global business competition.
19 June 2013
Japanese firm creates 416 Antrim jobs
Japanese medical devices firm, Terumo BCT, is to create 416 new jobs in Larne in Co Antrim.
19 June 2013
Cork firm expose fake factory in Dubai
An investigation by Cork-based Minelab has led to a police raid that has shut down a "factory" fabricating counterfeit Minelab gold detection products in Dubai.
19 June 2013
Accounting Technicians applaud EU deal
The new President of Accounting Technicians Ireland (ATI) today praised Ireland's brokering of a deal that will allow professional qualifications to be recognised across the EU.
19 June 2013
Bullies making Irish offices a nightmare
New research today has found that 62pc of Irish employees have felt bullied or intimidated in the workplace while 67pc are too frightened to report it.
19 June 2013
Average earnings up E147 last year
Average annual earnings rose to E36,079 in 2012 from E35,905 in 2011, an increase of 0.5pc or E174, latest figures from the CSO showed today.
19 June 2013
Oil price up on low US stockpiles
Oil prices rose slightly today as investors looked to a meeting of the U.S. Federal Reserve for clues on the outlook for its stimulus programme that has underpinned commodity prices.
19 June 2013
Ryanair Boeing deal worth USD15bn
Ryanair today finalised a firm order with Boeing for 175 new 737-800 aircraft in a deal worth $15.6 billion at current list prices after the deal was cleared with shareholders yesterday.
19 June 2013
Ken Fitzpatrick is new DMI chief
Dublin-based global digital marketing training group, the Digital Marketing Institute (DMI), today named Ken Fitzpatrick as the group's new chief executive.
19 June 2013
People confusing LPT with insure values
New player to the home insurance market InsureMyHouse.ie said that in the last few weeks they have taken hundreds of calls from confused homeowners mixing up Local Property Tax (LPT) values with insurance values.
19 June 2013
Cavan development for sale for E3.9m
A residential and commercial development in Cavan Town has been put on the market by the receivers for E3.95m.
19 June 2013
Ireland push for deal on EU Budget
European Union negotiators are struggling to conclude talks, chaired by Ireland, on the bloc's next long-term budget, worth E960 billion, with Eamonn gilmore saying that real progress is being made.
19 June 2013
FTSE joins the market retreat
Britain's top shares fell today with traders saying investors were shifting positions ahead of the conclusion of a U.S. Federal Reserve meeting
19 June 2013
Sweden sells bank stake for $3B
Sweden has sold nearly half its remaining stake in Nordea, the region's biggest bank, raising $3.0 billion which will be used to pay down
19 June 2013
Cyprus told to just get on with it !
The euro zone does not intend to change the terms of Cyprus's bailout as requested by Cypriot President Nicos Anastasiades in a letter
19 June 2013
ISEQ steady-Petroceltic examined
The ISEQ is steady this morning at 3,935 as all eyes are on the Fed.
19 June 2013
Markets edge up with one eye on Fed
European equities edged higher today, with volatility expected to be high and volumes light as investors look to the U.S. Federal Reserve for clues
19 June 2013
Roundup-Crucial week for Ireland's debts
A decision on whether Ireland can recoup some of the E32bn it put into rescuing its banks should be made this week when eurozone finance ministers
19 June 2013
No markets, just the Federal Reserve
What has happened to International markets who seem unable to move in either direction as all focus turns on the Fed, as if the Fed is the sole
19 June 2013
Euro in demand as markets hold breath
All the major currencies marked time in Asia today as investors waited anxiously to see if the Federal Reserve could clarify the outlook
19 June 2013
Japan rises, rest of Asia awaits Fed
Japanese stocks rose today, thanks to a positive lead from Wall Street and a softer yen, outperforming the rest of Asia which anxiously waited for
19 June 2013
Investors position for no change at Fed
European stock index futures pointed to a slightly higher open today, with investors positioning for no changes in the U.S. monetary policy
18 June 2013
ISEQ closes ahead as Fed awaited
The ISEQ put in another day of modest gains with Ryanair the top mover as investors remained on edge about the prospects for the US Fed's stimulus policy.
18 June 2013
IBRC won't charge on warehoused loans
IBRC has decided not to charge distressed borrowers interest on the warehoused portion of their home loans in a split mortgage arrangement, according to RTE News.
18 June 2013
Figures show growing rift within the EU
Growing differences between and within EU Member States are revealed in Dublin-based Eurofound's new yearbook, Living and Working in Europe 2012.
18 June 2013
UK watchdog to go after individuals
Britain's top market regulations enforcer said today her agency would pursue relentlessly individuals who break rules such as rigging Libor interest rates, and that fines were not punishment enough.
18 June 2013
US inflation figures point to recovery
A gauge of underlying U.S. inflation showed signs of stabilising in May after a long decline, a potential comfort to Federal Reserve policymakers who want firmer prices.
18 June 2013
Performance art looks to crowd funding
"The Waiting Room," a play by Irish business coach Shane Cradock, is one of the latest performance art ventures looking to be financed by crowd funding, Ireland's fastest-growing fundraising platform.
18 June 2013
Ireland's Greenstar sold to Cerberus
Irish waste management group, Greenstar has been sold to US private equity company Cerberus.
18 June 2013
G8: US pledge to crack down on shells
The US pledged today to keep on pressing for legislation to cut down on the criminal use of shell companies but did not take firmer action for now as part of a G8 push to tighten rules on tax evasion and money laundering.
18 June 2013
Irish firm build Chile wind, solar plant
Irish-based Mainstream Renewable Power and emerging market investor Actis today said they will build a 600 megawatts of wind and solar projects in Chile in a project worth USD1.4bn.
18 June 2013
Wall St flat ahead of Fed meeting
U.S. stocks edged up in morning trading today ahead of the start of a highly-anticipated Federal Reserve meeting.
18 June 2013
Launch for Irish music discovery app
Soundwave, a much-hyped music data analytics app conceived and developed in Ireland, will be fully released this Thursday.
18 June 2013
CarTrawler buys Holiday Autos brand
Dublin-based online global car rental platform, CarTrawler, today announced the acquisition of the online assets of Holiday Autos from Travelocity Global for an undisclosed sum.
18 June 2013
Eurozone bank supervision faces delay
The launch of the euro zone single supervision mechanism, the first step towards banking union, might be delayed by three months from July to September 2014 due to scheduling problems.
18 June 2013
West Africa pirates threaten world trade
Pirate attacks off West Africa's mineral-rich Gulf of Guinea have almost doubled from last year and threaten to increase the costs and jeopardise the shipping of commodities from the region.
18 June 2013
ISEQ flat again in morning trading
The ISEQ put in another morning of flat trading despite some gains for Ryanair as investors remained on edge about the prospects for the US Fed's stimulus policy.
18 June 2013
Draghi: ECB rates becoming effective
The European Central Bank is ready to act to aid the euro zone economy if needed, while signs of market stabilisation mean interest rates are becoming a more effective tool again, ECB chief Mario Draghi said today.
18 June 2013
Royalty drops hostile bid for Elan
Royalty Pharma's hostile $8 billion bid for Irish drug firm Elan lapsed today when it withdrew an appeal against a ruling by Ireland's regulator on takeover battles.
18 June 2013
High-fly investors lured to plane lease
The only way to make a small fortune in the airline industry is to start with a big fortune, so the joke goes.
18 June 2013
Ex-UBS trader charged with Libor fraud
Britain's top fraud prosecutor said today it had charged former UBS trader Tom Hayes with eight counts of conspiracy to defraud in connection with an investigation into benchmark interest rate manipulation.
18 June 2013
NTMA to sell E500m in 3-month T-Bills
The National Treasury Management Agency (NTMA) plans to hold an auction of E500m worth of three-month T-Bills this Thursday.
18 June 2013
UK inflation in surprise rebound
British inflation rebounded more than expected in May, data showed today, primarily because of rising air fares and in contrast to April's seven-month low.
18 June 2013
First Derivatives revenue jump 22.5pc
Financial services software developer, First Derivatives, this morning posted full year revenues that rose by 22.5pc to £56.5m compared to £46.1m the year before as it grew its product base and won more customers.
18 June 2013
Ryanair shareholders clear aircraft buy
Ryanair's shareholders have approved the purchase of 175 Boeing 737-800 Aircraft over a five year period.
18 June 2013
Over E240m pension pot unclaimed
There could be at least E240m left unclaimed from pension pots because of increased job-changing and the wind up of Defined Benefit (DB) schemes, according to experts.
18 June 2013
Rich learn no lesson from Irish crash
Despite arguably the biggest property price crash in the history of any Western nation, Irish high net worth individuals - AKA, the rich - are likely to hold the majority (55pc) of their wealth in bricks and mortar.
18 June 2013
Offshore oil moves to remote control
Oil and gas companies are moving their control of some offshore platforms to offices on land to cut costs and improve efficiency, but labour unions
18 June 2013
ISEQ steady-INM approves sale of assets
The ISEQ is little changed this morning at 3,921 as European markets seem to be unsure of a direction with Fed uncertainty prevailing
18 June 2013
FTSE goes in other direction on results
Britain's benchmark equity index edged higher today, helped by gains at hotels and food group Whitbread and heavyweight bank HSBC.
18 June 2013
Dollar trades in tight range on Fed
Global markets mostly stuck to tight ranges today, with uncertainty about the future of the U.S. monetary stimulus programme
18 June 2013
European markets open lower on banks
European shares edged lower early today, led by Denmark's Danske Bank on capital concerns while more broadly investors remained cautious ahead of
18 June 2013
ECB ready to act for European economy
The European Central Bank is "ready to act" if need be to aid the euro zone economy and recent signs of market stabilisation mean that its interest
18 June 2013
Roundup-Aer Lingus spends 40m on fight
Aer Lingus has spent E40 million fighting off Ryanair takeover bids to date and does not want to face another in August, the Commercial Court
18 June 2013
Asian markets ease back on Fed nerves
Asian shares eased today as investors waited for Federal Reserve Chairman Ben Bernanke to clarify the U.S. central bank's plans for its stimulus
18 June 2013
Futures point European markets lower
European stock index futures pointed to a lower start today, as nervous investors fretted about a trimming of U.S. monetary stimulus in the run up
18 June 2013
G8 security breached in Enniskillen
Several dozen activists briefly breached a metal security barrier surrounding the G8 summit venue in Northern Ireland on Monday,
18 June 2013
IMF says Ireland has been steadfast
The International Monetary Fund said Ireland was on track with the conditions of its bailout program, and disbursed the European country's next
17 June 2013
ISEQ flat as word from Fed awaited
The ISEQ closed flat today after Friday's gains with investors now looking for a lead from global markets ahead of expected statements from the US Fed.
17 June 2013
Irish tycoon builds a movie career
Irish property tycoon Garrett Kelleher is keeping one foot firmly planted in real estate development while the other gains a footing in the film industry.
17 June 2013
EU to ban all phone roaming rates
There is some good news for holiday-makers this dreary Monday with the announcement that the European Commission is planning to abolish roaming charges in the EU by next summer.
17 June 2013
No, 132 has nothing to do with 13-fear
Triskaidekaphobia, as every pub quiz lover will tell you, is the fear of the number 13 - and it has nothing to do with the reasoning behind the new 132 car regs due out next month.
17 June 2013
Indo shareholders clear S Africa sale
A meeting of Independent News and Media (INM) shareholders has backed the E162 million sale of the group's South African business.
17 June 2013
Bruton briefs Brussels on historic deal
The Minister for Jobs, Enterprise and Innovation, Richard Bruton, is today in Brussels to brief the EU Parliament on Friday's historic agreement at the EU Trade Council on a mandate to start talks with the US on a new trade deal.
17 June 2013
Paddy Power win landmark London case
Paddy Power has won its appeal over an east London council's refusal to allow it to open a betting shop in the area.
17 June 2013
Wall St rises on hopes of Fed action
U.S. stocks rose 1 percent early today, with traders focused on expectations the Federal Reserve will reinforce this week its commitment to supporting the economic recovery.
17 June 2013
EU cloud firms get boost from US spies
European firms believe the U.S. National Security Agency's (NSA) PRISM scandal will hand them a competitive advantage as they play catch-up with the dominant American players in "cloud computing."
17 June 2013
Netflix snags Dreamworks series deal
Video streaming service Netflix is beefing up its original programming menu through a multi-year deal with DreamWorks Animation SKG Inc, the maker of Shrek, Madagascar and Kung Fu Panda.
17 June 2013
J and J to buy Aragon for USD1bn
Johnson and Johnson said today it would buy Aragon Pharma, a private company running a mid-stage clinical trial for a prostate cancer drug, for $650 million in cash upfront and a possible second payment of $350 million if it meets certain milestones.
17 June 2013
ISEQ gains more ground this morning
The ISEQ added to Friday's gains this morning with investors now looking for a lead from global markets ahead of expected statements from the US Fed.
17 June 2013
Elan buy-back vote blow for Royalty
Elan shareholders approved a share buyback today, meaning U.S.-based Royalty Pharma's hostile bid for the Irish drug firm will lapse unless it succeeds in a legal challenge.
17 June 2013
Pensions Board crack down on poor admin
The Pensions Board today said it is concerned about the governance of Ireland's E70 billion pensions sector.
17 June 2013
A-list actors at Gate Theatre forum
Dublin's Gate Theatre played host to the World Actors Forum over the weekend, attracting some of the top names in the theatre and film business.
17 June 2013
Two Irish firms in EU Med device project
Two Irish companies have been selected to take up leading roles in the E3 million EU FP7 FaBiMed project.
17 June 2013
Irish paternity leave lags rest of EU
Irish legislation lacks sufficient provisions for paid paternity leave and we are way behind the rest of Europe when it comes to giving dads time off, according to the executive search firm Accreate.
17 June 2013
Oil above USD106 on Mid East politics
Brent crude oil steadied above $106 per barrel today as a superpower standoff over the Syrian civil war intensified, raising the risk of conflict spilling into the Middle East oil producing region.
17 June 2013
New German data offers hope for eurozone
German wages rose at their fastest pace in almost four years at the start of 2013 and euro zone exports jumped in April, giving the bloc a basis for a recovery from its long recession.
17 June 2013
Investors don't trust company reports
Investors in Ireland and the UK are less trustful of corporate reports since the global financial crisis, according to new research from ACCA (Association of Chartered Certified Accountants).
17 June 2013
Good news for jobs as confidence soars
There was a significant jump in confidence among firms in the domestic sector in the second quarter of this year, boding well for a rise in job numbers in the rest of the year, the latest IBEC Business Sentiment Survey reveals.
17 June 2013
FTSE rises on consumer upswing
Britain's top share index rose today, as demand for safe-haven consumer staples helped to lift the FTSE 100 off of six week lows ahead of a U.S
17 June 2013
ISEQ rises- Tullow Oil examined
The ISEQ is higher this morning at 3,930 up 15 points as markets come back slowly ahead of today's G8 summit in Enniskillen.
17 June 2013
European markets gain on Telecoms
European equities extended gains today, led higher by telecom shares after the sector was buoyed by fresh mergers and acquisition talk.
17 June 2013
G8 gets under way in Fermanagh
U.S. President Barack Obama will seek the help today of Russia's Vladimir Putin, Syria's most powerful ally, to bring Bashar al-Assad to the
17 June 2013
Roundup-Corp. tax no problem for Ireland
The fall-out for Ireland of controversy about the amount of tax paid by Apple and other US multinationals will be muted
17 June 2013
Zerox to create 90 new positions
Printing specialist IBS, owned by Xerox, is to expand its operations with the creation of 90 skilled jobs. The company already employs close to
17 June 2013
Britain's Co-op Bank to raise £1.5 b
The Co-operative Group said today that it had agreed a plan with Britain's financial regulator to plug a capital shortfall of 1.5 billion pounds
17 June 2013
Tell us the truth Mr Bernanke but gently
Like a father who has told his son the tooth fairy does not exist, Ben Bernanke must find a way to soothe investors who feel betrayed since he
17 June 2013
Wide bodied jets take centre stage
Leading planemakers are battling over strategy for big jets as the Paris Airshow gets underway today.
17 June 2013
Thailand's "Isaan" is new boom town
Steel girders jut from the low skyline of the Thai city of Udon Thani near the Laos border as workers lay cement for a new shopping mall, one of many
17 June 2013
ASian markets reverse losses then sit
Asian shares struggled to extend gains after reversing early losses today as investors hunkered down before the U.S. Federal Reserve meeting's outcome
17 June 2013
European futures point markets higher
European stock index futures pointed to a higher open today, with shares set to extend Friday's tentative rebound, although gains were seen
14 June 2013
ISEQ gets a lift from Elan share surge
The ISEQ broke a three-day losing streak today with Elan taking up much of the running after it said it is putting itself up for sale.
14 June 2013
EU probes telcos on Android deals
EU antitrust regulators are asking mobile telecoms operators and handset makers if their Android deals with Google block rivals in mobile telephony, a move that could lead to a second investigation into the company.
14 June 2013
G8 won't name and shame tax avoiders
The G8 group of leading economies will shy away from adopting a measure aimed at curbing tax avoidance by highlighting when companies channel profits into tax havens, and will include a watered down alternative, according to a draft statement.
14 June 2013
IMF call for end to ill-designed US cuts
The International Monetary Fund today urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year.
14 June 2013
Royalty: Elan sale an effort to deflect
Royalty Pharma believes that the only reason Elan has announced a sales process is to deflect Royalty's own offer, the company's CEO said in a statement today.
14 June 2013
Wall St flat, wary of policy path
Wall Street was little changed today as investors were kept on their heels by uncertainty over how soon central banks will rein in the stimulus programs that have fuelled an equity market rally this year.
14 June 2013
May upsurge in new companies formed
This May was a good month for start-ups with approximately 129 companies and businesses being registered daily while insolvencies fell 30pc, latest figures from Vision-net.ie showed today.
14 June 2013
Elan now looks to sell the business
Irish drugs developer Elan today said it will now explore a possible sale of the company after fending off several takeover bids this year from Royalty Pharma.
14 June 2013
CPL Fuels to create 142 Limerick jobs
CPL Fuels is to invest E20m in a new smokeless fuels processing plant in Limerick serving the Irish market and, bringing 142 new jobs to the region.
14 June 2013
British Gov commit to more austerity
British ministries have agreed to spending cuts of 3.6 billion pounds, the government said today, leaving it less than two weeks to wring over two-thirds of its 11.5 billion target from 10 remaining departments.
14 June 2013
Tullow wins Heritage case in London
Aidan Heavey-led Irish oil prospector, has won its legal battle with Britain's Heritage Oil over a USD313m (£209.5 million) tax bill in a case taken to the High Court in London.
14 June 2013
US industry output flat in May
U.S. industrial production was unchanged in May, the Federal Reserve said today, compared with forecasts for a light increase after gains in manufacturing and mining were offset by a sharp drop in the output of utilities.
14 June 2013
Irish exports helped by UK demand rise
A rise in demand from our top two export partners, the UK and the US, gave Ireland a small but much-needed boost in the first quarter of this year.
14 June 2013
ISEQ breaks losing streak, awaits leads
The ISEQ broke a three-day losing streak today but trading remained subdued ahead of some key US economic data due later.
14 June 2013
ECB funding to Irish banks falls in May
The reliance of Irish banks on emergency funding from the European Central Bank (ECB) fell by 11pc in May from a month earlier, latest figures show.
14 June 2013
Fitch praise Irish repossessions change
The Government's proposed revised repossession law could help bank arrears to level off in 2014 by returning to the banks their recovery powers to resolve some long-term mortgage arrears, Fitch Ratings say.
14 June 2013
Hollywood deal breaker in EU US talks
EU states sought to reassure France today that its culture would be shielded from the might of Hollywood and Silicon Valley, urging Paris not to block a free-trade deal with the United States that could boost transatlantic business.
14 June 2013
Euro inflation dips, jobless at record
Prices of electricity, fruit and vegetables lifted the euro zone inflation off its three-year low in May, while the single currency bloc's record high jobless rate showed in its deepening inability to create jobs in the first quarter.
14 June 2013
London enters interest rate swap market
The London Stock Exchange is to launch an interest rate swaps trading platform.
14 June 2013
Imports rise shrinks April trade surplus
Ireland trade surplus with the rest of the world contracted during April as rising imports outpaced exports, latest CSO figures show.
14 June 2013
Irish investor mood highest since 2010
Investor confidence in Ireland is now at its highest level since April 2010 as sentiment towards equities and the prospects for a global recovery rise, according to the latest RaboDirect Investor Barometer.
14 June 2013
Dads: The unsung heroes of the home
Dads claim to spend an average of 55 hours a week doing household tasks - nearly twice as much as their wives or partners think, according to new research from Irish Life.
14 June 2013
Dublin cloud firm wins big Canada deal
Dublin company Decisions [D4H] has secured a lucrative five-year contract with the Government of Alberta, Canada for their software that improves vital emergency services response efforts.
14 June 2013
Royalty: Elan shareholders to reject bid
U.S. investment firm Royalty Pharma said today it expects the majority of takeover target Elan's shareholders will reject the Irish firm's own proposed acquisition deals at a shareholder meeting on Monday.
14 June 2013
CRO: Many SMEs fall through credit gap
While banks are improving their credit availability for smaller business, those firms seeking finance of between E25k and E750k are falling through a gap that the Government needs to bridge.
14 June 2013
Permo seeks market share from fee rises
permanent tsb bank is seeking to hoover up market share from competitors after reporting "exceptional" levels of switcher enquiries as banks stedily re-introduce fees on transactions.
14 June 2013
FTSE bounces back on US economy
Britain's blue chip shares rose early today as miners led a technical rise after upbeat U.S. economic data helped cool fears that the economy would
14 June 2013
New Airbus A350 takes to the skies
Europe's newest passenger jet, the Airbus A350, successfully began its maiden flight today.
14 June 2013
ISEQ recovers-Bank stress tests coming
The ISEQ is ahead this morning at 3,907, a rise of 34 points overnight as European markets rebound following yesterday's positive US economic data.
14 June 2013
Huge gamble on Pension Reserve Fund
The Government's raiding of the Pension Reserve is a major change in direction for the country and a move away from continued austerity.
14 June 2013
European stocks rebound on US data
European shares advanced today, snapping a four-day losing streak, as robust U.S. economic data outweighed persistent uncertainty over the
14 June 2013
Roundup-We must tackle financial crime..
The outgoing Financial Regulator reiterated a plea for a review of the system for tackling financial crimes. He added that there should be a public
14 June 2013
CPL to create 142 jobs in Limerick
CPL is to create 142 new jobs in Limerick by 2015 as part of a E20 million investment in the county. The company, which is one of the
14 June 2013
Britain's tax havens are world leaders
Pitching tougher rules on tax evasion to the G8 is a precarious undertaking for Prime Minister David Cameron. Britain's own tax havens are world
14 June 2013
Don't get divorced, you'll be more broke
News Corp Chief Executive Rupert Murdoch on Thursday filed for divorce from his third wife, Wendi Deng. Though they had a pre-nuptial
14 June 2013
Asian markets rebound from hammering
Asian shares rebounded from multi-month lows today, as upbeat economic data boosted U.S. equities and calmed nerves after a bruising selloff in
14 June 2013
Futures point to European market bounce
European stock index futures pointed to a higher open today, after solid U.S. data calmed fears over whether the world's biggest economy could
14 June 2013
Fracking boom in US but few jobs
This city has been down for so long, it's hard to believe what's risen up here in the heart of America's "Rust Belt."
13 June 2013
Royalty granted injunction over Elan
Royalty Pharma was granted an injunction by the Irish High Court today that means its bid for Elan may not be doomed if some votes go against it at a meeting of the Irish drug company's shareholders next week.
13 June 2013
ISEQ manages to inch out of the red
The ISEQ managed to inch out of negative territory this afternoon after losses in morning trading as after upbeat U.S. retail sales and a drop in jobless claims prompted bargain hunters to pick up potential bargains.
13 June 2013
Elderfield addresses PAC on Anglo
Central Bank deputy governor Matthew Elderfield today said that it would have known Anglo Irish was insolvent on the night of the bank guarantee if the supervisory regime now in place were present then.
13 June 2013
Ireland's most powerful women recognised
The winners of Ireland's Most Powerful Women: Top 25 Awards were announced today by the Women's Executive Network (WXN) and HSBC Bank Ireland.
13 June 2013
Wall St opens flat after yesterday's dip
U.S. stocks opened little changed today as encouraging economic data offset concerns that central bank stimulus measures may be wound down earlier than expected.
13 June 2013
Govt seeks agreement on EU/US talks
The Government plans to seize the opportunity to boost EU jobs and growth by agreeing at tomorrow's EU Trade Council to allow the start of EU-US trade talks.
13 June 2013
IDA targets US with online ad blitz
IDA Ireland has officially launched its new advertising campaign, aimed primarily at the US market.
13 June 2013
US retail sales beat expectations in May
U.S. retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, suggesting the economy was squeezing out of a recent soft patch.
13 June 2013
E6.4bn fund open for job investment
The Government today provided for the establishment of the Ireland Strategic Investment Fund (ISIF) where the NTMA's E6.4 billion discretionary fund portfolio can be used for commercial investment.
13 June 2013
Tobacco takes not of e-ciggie success
Puffing on slim metal tubes loaded with pale yellow liquid, two London businessmen say they have between their lips a cure for what the U.N. calls "one of the biggest public health threats the world has ever faced".
13 June 2013
ISEQ Falls in line with world markets
The ISEQ slipped further below the 3,900 level this morning as world markets worried over the impact and possible scaling back of central bank support for the economy.
13 June 2013
Lending to SME falls by nearly 6pc
Lending to SMEs fell by E417 million during the first quarter of this year compared to Q4 of last year and was down by 5.8pc or E1.6 billion compared to the same period last year, latest Central Bank figures showed today.
13 June 2013
Construction activity up 4.4pc in Q1
The volume of output in building and construction was 4.4pc higher in the first quarter of 2013 when compared with the preceding period, latest CSO figures show today.
13 June 2013
Global markets slide, shares pummelled
World stocks were pummelled and the dollar slumped today as a sell-off on global financial markets in thrall to central bank stimulus accelerated.
13 June 2013
Annual inflation slips to 0.4pc in May
Annual inflation, as measured by the Consumer Price Index (CPI) fell marginally to 0.4pc in May compared to 0.5pc the month before and 1.2pc at the start of the year, latest CSO figures show.
13 June 2013
No cranes on Dublin skyline in 13 either
This year looks set to be the third one in a row in which no new office blocks will be built in Dublin, according to a report from Jones Lang LaSalle entitled "When will we see a crane?"
13 June 2013
Zamano hails strong trading in 13 so far
Irish mobile commerce IT group, Zamano, this morning said it put in a strong performance in the first five months of this year, especially in the UK.
13 June 2013
British MPs want Google tax enquiry
British MPs described Google's tax affairs as "contrived" and called on the UK tax authority to vigorously investigate whether the company was acting within the law.
13 June 2013
EMC to create 200 new jobs in Cork
Tech group, EMC today announced the creation of 200 highly skilled jobs and the opening of a new EMC office as part of a fresh E100 million investment in Ireland.
13 June 2013
Belfast invests Stg7m for cruise liners
Belfast Harbour is investing £7m to create Ireland's first purpose built cruise facility.
13 June 2013
Ryanair cancel 600 flights over strike
Ryanair confirmed it was forced to cancel a further 400 flights yesterday on top of over 200 flights on Tuesday because of on-going strikes by French air traffic controllers.
13 June 2013
KBC Ireland bring back 90pc LTV loans
KBC Bank Ireland today said that it is increasing its home loan offering from an 80pc maximum loan to value (LTV) to a 90pc loan to value as mortgage demand picks up.
13 June 2013
DCC to join London's FTSE this month
Business services group, DCC, today said that it has received confirmation that it will quit the Irish Stock Exchange listing and join the FTSE250 series in a London listing.
13 June 2013
FTSE falls on intervention durability
Britain's top shares fell for the fourth day running today, driven lower by persistent concerns about the durability of
13 June 2013
World Bank sees sustained recovery
The global economy may be entering an era of slower but more sustainable growth as the effects of the recent crisis fade, the World Bank said
13 June 2013
Japan raises growth forecast again
Japan's government raised its assessment on the economy for a second straight month in June as pick-up in exports and industrial output
13 June 2013
European shares sell off on Fed stimulus
European shares sold off again today with banks and commodity stocks, sectors most exposed to the broader economic fortunes, the top fallers on
13 June 2013
Roundup-Google tax treatment "brazen"
Google's claims that its Irish operation is responsible for hundreds of millions of pounds in advertising sales in the United Kingdom are brazen
13 June 2013
EMC to announce 200 jobs for Cork
Global IT company EMC is expected to announce later today that it is to create 200 jobs in Cork.
13 June 2013
Irish farmers fear Canada trade deal
Salvaging a free-trade deal between Canada and the European Union after four years of talks will require skillful pasture politicking to pacify
13 June 2013
Nikkei tumbles in record correction
The Nikkei average tumbled 6.4 percent today, hitting its lowest close since April 3 - the day before the Bank of Japan unveiled sweeping stimulus to
13 June 2013
iphones with colours and bigger screens
Apple Inc is exploring launching iPhones with bigger screens, as well as cheaper models in a range of colours, over the next year,
13 June 2013
Futures point European markets lower
European stock futures pointed to a sharply lower open today, tracking steep losses on Wall Street and in Asia, on growing concerns the U.S
13 June 2013
US Dollar falls against Yen on Fed
The dollar fell to its lowest level against the yen in ten weeks as investors cautiously pared bullish bets on the greenback amid uncertainty
12 June 2013
ISEQ rebound in reverse in late trade
The ISEQ went in to reverse in the afternoon after some modest gains this morning as concerns over Greek politics piled on top of worries over central bank stimulus policies.
12 June 2013
UK watchdog probes forex fiddle
Britain's financial watchdog is looking into a report that traders manipulated benchmark foreign exchange rates that are widely used by companies and funds.
12 June 2013
Spain seeks overturn of bailout limits
Spain will press its European peers next month to remove limits imposed on the fund set up to bail out struggling euro zone states, its foreign minister said today.
12 June 2013
Aussies in a tizzy over Irish made bread
Popular Australian grocery chain, Coles, is being sued over allegations that its bread, which it labels as freshly baked in-store, is actually made in Ireland.
12 June 2013
European shares slip on Wall St lead
European shares turned negative in late trade today, in light trade, tracking a retreat from the opening highs on Wall Street.
12 June 2013
ECB rebuffs Bundesbank power bid
The ECB defended itself in a German court today against suggestions that its role should be more limited, clashing with Germany's Bundesbank over its main tool in calming the euro crisis.
12 June 2013
ISPs block sites accessing Pirate Bay
In accordance with a High Court ruling today, internet service providers in the United Kingdom are now blocking proxy sites that grant users access to music streaming site, The Pirate Bay.
12 June 2013
C Bank to press on with debt writedowns
The Central Bank is to press ahead with a controversial pilot scheme to write off unsecured debt of distressed borrowers.
12 June 2013
Wall St rises after yesterday's sell off
U.S. stocks opened higher today in a rebound from the previous session's steep decline even as questions lingered over when central banks would start to scale back stimulus measures.
12 June 2013
Ireland lags EU in superfast broadband
Ireland does a good job in providing basic broadband to over 97pc of the population including 94pc in rural areas, but has a much bigger challenge with the superfast target.
12 June 2013
2 Irish documentaries for UK screens
Two Irish documentaries "Here Was Cuba" and "The Summit" will screen this week at the prestigious Sheffield Doc Fest, the United Kingdom's leading documentary festival and market, which takes place from June 12 to 16.
12 June 2013
AmCham defends role of US firms here
The recent debate surrounding the operations of big US multinationals in Ireland fails to recognise the vital role overseas affiliates play in the overall success of their parent companies and, by default, the health of the US economy.
12 June 2013
Little fanfare as Croatia joins the EU
At 700,000 euros, Croatia's budget to celebrate arguably the biggest moment in its 22 years as an independent state might seem a little modest.
12 June 2013
BoI pay off outstanding own use bonds
Bank of Ireland has paid off an E2 billion bond issue as it continues to improve its capital base.
12 June 2013
ISEQ stages modest bounce back
The ISEQ made some modest gains this morning after yesterday's sharp fall caused by fears that global central banks are pulling back from stimulus measures.
12 June 2013
BoE's Fisher urge end to RBS uncertainty
Britain should end the uncertainty over long-term plans for state-controlled Royal Bank of Scotland, a senior Bank of England official said today.
12 June 2013
Noonan to World: We won't change our tax
Ireland will not reform its tax system unilaterally to allay international concerns that it allows multinational companies to avoid taxes, finance minister Michael Noonan said today.
12 June 2013
Surprise rise in euro industry output
Industrial output from eurozone factories defied market expectations of a month-on-month decline and rose in April, data showed today, but the pace of expansion was slowed by a drop in production of energy and durable consumer goods.
12 June 2013
New Clare SuperValu creates 50 jobs
SuperValu's new store in Miltown Malbay, Co. Clare was officially opened today by RTE TV and GAA Sports Presenter Marty Morrissey.
12 June 2013
Irish Dairy Board gets a new Chairman
Following the resignation of Vincent Buckley, the Irish Dairy Board Co-operative Society (IDB) today announced the appointment of Aaron Forde as the new IDB Chairman.
12 June 2013
Vodafone make a bid for Germany's Kabel
Vodafone has made an informal takeover bid within the past week for Germany's biggest cable company, Kabel Deutschland Holding AG, Bloomberg reported, citing people with knowledge of the matter.
12 June 2013
Beam complete Kilkenny Distillery refurb
Beam, the owners of the Kilbeggan Distillery Experience visitors centre at the 256 year old distillery in Co Westmeath, have completed an E85k infrastructure investment programme.
12 June 2013
Irish, Canadian firms ally in gas deal
Ireland's PM Group and Canadian company, Gas Liquids Engineering (GLE) have signed a deal to help open new markets and develop new business in the gas processing industry in Europe and around the world.
12 June 2013
Sainsbury's sales outshine Tesco leader
Sales at Britain's No. 3 grocer J Sainsbury outperformed market leader Tesco in the first quarter, stellar growth online and in convenience stores more than offsetting sales falls in traditional supermarkets.
12 June 2013
Euro making gains on the dollar today
The euro touched a more than three-month high versus the dollar today after doubts emerged over how soon the Federal Reserve would limit its ultra-loose monetary policy, which weighed on the dollar.
12 June 2013
Huge demand for Primark in ASOS deal
British online fashion retailer ASOS reported "phenomenal" demand for products from Dublin-based Primark in the first week of its trial with the discount clothes chain, as it posted another huge surge in sales in its third quarter.
12 June 2013
Marked fall in number of regular savers
Last month saw a marked fall in the number of regular savers, especially among younger people, the latest Nationwide UK (Ireland) / ESRI Savings Index shows.
12 June 2013
Two Dublin hotels for sale for E40m
The Clarion Hotel IFSC and the Clarion Hotel Dublin Airport have both been put up for sale by the Receiver Kieran Wallace of KPMG with a price tag of E40m.
12 June 2013
Gov: There's money in Irish oil prospect
Over 70 companies and 100 participants at an event in Dublin were told today that Ireland's offshore oil and gas prospects presents major opportunities for suppliers.
12 June 2013
FTSE lower on Fed retrenchment
Britain's top share index fell today on growing concerns the U.S Federal Reserve might start trimming its money printing programme, with Severn Trent
12 June 2013
Oil glut coming, refineries pump it out
The world is heading for a glut of refined products as new Asian and Middle East refineries increase oil processing in a move likely to force
12 June 2013
ISEQ steady in early trading
The ISEQ is a little higher today at 3,939 up 18 points as European markets hold steady following several days of negative trading.
12 June 2013
Elan's board called into question
A former board member of Elan has questioned the experience and competence of the company's management and claims its proposed transactions
12 June 2013
European shares steady in early trades
European shares steadied today after two straight sessions of losses, although traders saw little room for gains in the near-term due to mounting
12 June 2013
Roundup-IBRC to sell properties
Nearly E8 billion worth of loans held by the Irish Bank Resolution Corporation on properties in the United Kingdom and Germany are to be
12 June 2013
Citrix has 50 new jobs for Dublin
Cloud computing firm Citrix has said it will increase its Dublin workforce by up to 50 employees.
12 June 2013
Myanmar oil not working for the Nation
In a few months, impoverished Myanmar plans to start pumping roughly $45 million worth of oil and gas a day from the Bay of Bengal to China by
12 June 2013
ECB could cut rates further
The European Central Bank has room to cut interest rates further, Executive Board member Peter Praet said on Tuesday, adding that the central bank
12 June 2013
Futures point European markets lower
European stock index futures pointed to a lower open today, as worries that the U.S. Federal Reserve could soon start to scale back its stimulus
12 June 2013
Oil futures dip on US inventories
Brent futures dropped toward $102 today after an unexpected jump in oil inventories in the world's largest consumer, the United States, while
11 June 2013
ISEQ falls on global economy fears
The ISEQ fell sharply today with investors taking their cue from the rest of Europe as mounting concerns over a scaling back of central bank economic stimulus measures hit stock markets.
11 June 2013
Phillips 66 to sell Cork refinery
US oil giant, Phillips 66, today confirmed it is selling its assets in Ireland, including the country's only refinery, the 71,000 barrels per day Whitegate facility in Cork.
11 June 2013
Tax default list includes one for E1.6m
The latest Defaulters List from the Revenue Commissioners reveals one payment of unpaid taxes plus penalties of E1.6m from the owner of a small shop in Dublin's Parnell Street.
11 June 2013
100 jobs safe receivers sell Xtra-vision
The Receivers of film retail and rental brand, Xtra-vision, have today completed the sale of the business and its assets to a number of companies backed by Hilco Capital Ireland for an undisclosed sum, saving around 100 jobs.
11 June 2013
Horsey folk of the world for Punchestown
A unique equine event taking place in Punchestown in November 2013 was officially launched today by Minister for Agriculture, Food and the Marine, Simon Coveney.
11 June 2013
Bosses downbeat about jobs growth in Q3
Irish employers are broadly pessimistic about hiring prospects for the third quarter of this year with just 4pc expecting to grow staffing.
11 June 2013
EU to tidy up baby foods label laws
The European Parliament has endorsed the European Union's plans to introduce clearer rules on the labelling of baby milks and foods for special medical purposes today.
11 June 2013
Armagh's Almac to create 229 new jobs
Craigavon, Co Armagh-based drugs developer, Almac, is to create 229 jobs as part of a £13.7m investment in two core areas of its business.
11 June 2013
Dublin event focus world industry brains
A hundred expert speakers and international delegates comprising policy-makers, regulators, governing bodies, industry and academia from the chemicals, pharma, food, environmental and related sectors, are gathering in Dublin.
11 June 2013
Disney goes to Infinity after games dip
Walt Disney Co. introduced its latest video game-and greatest hope-Infinity, to the gaming faithful this week at the annual E3 gaming conference.
11 June 2013
Irish bond yields at highest since Feb
Yields on debt issued by Ireland today rose to their highest level since early February as global markets react to the prospect of much less intervention from central banks in the future.
11 June 2013
New Dublin green energy firm brings jobs
The launch of new renewable energy asset management business led by a former CEO of Bord Gais, Amarenco, was announced in Dublin today with the creation of up to 20 jobs.
11 June 2013
UK recovery stronger, house prices up
British house prices are rising at their fastest pace in three years and the country's lagging industrial sector is now contributing to the economy's recovery, data showed today.
11 June 2013
Bill Kyle to be Irish Life's new CEO
Bill Kyle, a senior executive at Canada's Great West Life, has been appointed Group Chief Executive designate of Irish Life.
11 June 2013
ISEQ slumps in line with European market
The ISEQ fell sharply this morning with investors taking their cue from the rest of Europe as mounting concerns over a scaling back of central bank economic stimulus measures hit stock markets.
11 June 2013
Communions cheaper, kids do better in 13
Parents are spending less on their child's First Holy Communion this year while communicants are receiving 21 percent more than in 2012, a new survey today showed.
11 June 2013
You can't keep Irish entrepreneurs down
Despite the challenges facing small and micro businesses in Ireland, the nation's business owners are displaying unwavering entrepreneurial spirit, according to the latest poll commissioned by global workspace provider Regus.
11 June 2013
UK watchdog clears Britvic Barr tie up
British soft drinks maker Britvic signalled today it would drive a hard bargain if and when it resumes talks with smaller rival A.G. Barr, after the competition watchdog finally gave its blessing to a proposed tie-up.
11 June 2013
UK horseracing riding out the downturn
The increased value of media rights has helped British horse racing to weather the impact of recession and a reduction in payments from the betting industry, a report said today.
11 June 2013
Customs code hailed as Irish achievement
The dying days of the current Irish EU Presidency a deal on the modernisation of the customs system, hailed by exporters and importers at home and around the EU as a landmark achievement.
11 June 2013
Services index rises 1.2pc in April
The seasonally adjusted monthly services value index increased by 1.2pc in April when compared to March and there was an annual increase of 4.1pc, latest CSO figures showed today.
11 June 2013
Strike cripples French airports
French air traffic controllers walked off the job at the start of a three-day strike today, grounding hundreds of flights across the country in a protest against plans to liberalise civil airspace.
11 June 2013
Fears for jobs in business rates changes
Fears that local jobs will be lost through proposed changes in commercial rates are to be raised in a meeting today with the Minister for the Environment, Community and Local Government, Phil Hogan.
11 June 2013
German court un-swayed by bond success
The head of Germany's Constitutional Court said today that the success of the ECB's bond-buying programme in restoring calm to the euro zone crisis would have no impact on its ruling of whether the scheme is constitutional or not.
11 June 2013
Malaysia firm mulls bid for Bord Gais
Malaysia's biggest energy group, Tenaga Nasional BHD, is mulling making an offer for the retail and power generation unit of Bord Gais Eireann, according to reports on Bloomberg this morning.
11 June 2013
Revenue lawsuits net E11m in 1 month
The taxman went to the courts in an effort to settle debts worth more than E11 million in just one month, according to new figures from Vision-net, today.
11 June 2013
FTSE falls on Japan policy move
British share prices fell today, led lower by growth-sensitive stocks, after the Bank of Japan opted not to extend its ultra-easy policy, renewing concerns about global central banks withdrawing stimulus.
11 June 2013
Euro shares dip, c bank stimulus fears
European shares edged lower today, pressured by concerns that the era of plentiful monetary stimulus is coming to an end after the Bank of Japan decided against unveiling fresh measures overnight.
11 June 2013
French air traffic control strike
French air traffic strike has had a widespread impact on travel in Europe.
11 June 2013
Groupon to bring new jobs to Dublin
Online deals site Groupon is to create 20 new jobs in Dublin
11 June 2013
European futures point markets lower
European stock futures pointed to a weaker start today, with sentiment hurt by persistent concerns about a cut in U.S. stimulus measures and
10 June 2013
ISEQ falls to profit takers
The ISEQ fell back in to the red today after Friday's impressive rebound based on some strong economic figures from the US with investors consolidating gains.
10 June 2013
Fins want independent bank wind-up body
Finland called today for an independent European resolution authority with the power to overrule national supervisors and order the winding up of failed lenders, saying a Franco-German proposal did not appear to go far enough.
10 June 2013
Shop crime violence trebled since 2011
According to a new study by RGDATA, the representative body for the owners of 4,000 local family owned shops and supermarkets, the use of violence in retail crime has almost trebled since 2011.
10 June 2013
Elan gets other takeover approaches
Ireland's Elan has attracted the interest of a number of mid-sized drug companies and a cash offer of $15.50 per share could be enough to secure its support for a bid, a source with direct knowledge of the situation said today.
10 June 2013
3 HMV stores to reopen with 100 jobs
Music and movies retailer, HMV, is to open 3 of its currently closed outlets in Ireland, bringing back 100 jobs.
10 June 2013
Greece wakes from coma but no recovery
Greek business is awakening from a coma; the long-forgotten sound of drills and hammers can be heard on Athens construction sites again while customers queue calmly at banks to deposit cash rather than to withdraw it in panic.
10 June 2013
Wall St rises as S and P upgrades US
U.S. stocks rose today after rating agency Standard and Poor's revised its U.S. credit outlook higher and as last week's employment report eased investor jitters that the Federal Reserve could slow the pace of its stimulus efforts in the very near term.
10 June 2013
ECB to pay off staff stuck in a rut
The European Central Bank is offering payoffs that could go beyond 100,000 euros to staff whose careers have stalled, paid for by cheaper salaries for replacements.
10 June 2013
Limerick hears how to lift SME growth
The home economy holds the trumph card to return Ireland to prosperity.
10 June 2013
S and P upgrades US rating outlook
Credit rating agency Standard and Poor's today upgraded its credit outlook for the United States government to "stable" from "negative," saying the "likelihood of a near-term downgrade of the rating is less than one in three."
10 June 2013
"Fingers should have been sacked in 07"
Michael (Fingers) Fingleton, retired chief executive of failed and bailed out lender, Irish Nationwide, should have been sacked in 2007, the High Court in Dublin heard today.
10 June 2013
Oil dips below US104 on weak China data
Oil dipped below $104 per barrel today as weak data from top energy consumer China muddied the oil demand outlook, overshadowing optimism stemming from a pickup in U.S. hiring.
10 June 2013
ISEQ flat today after Friday's rebound
The ISEQ rose only marginally this morning after Friday's impressive rebound based on some strong economic figures from the US with investors consolidating gains.
10 June 2013
OECD: US, Japan leading global recovery
The major developed economies are gradually gaining momentum led by faster growth in Japan and the United States, the OECD said today.
10 June 2013
Havok's games tool for Xbox One
Havok, the Emmy award winning Irish technology company, today said its suite middleware tools are now available for Xbox One, the all-in-one games and entertainment system from Microsoft.
10 June 2013
Ulster Bank bailout cost UK Stg10bn
Ulster Bank cost the UK taxpayer Stg10 billion or about one in every four pounds of losses at Royal Bank of Scotland since 2008, according to reports today.
10 June 2013
Best results in 4 years for SME credit
The last quarter of the year shows an increase in demand and an improvement in availability of bank credit; the best results in four years, the latest ISME Quarterly Bank Watch Survey shows today.
10 June 2013
15 Irish firms on Mission to Canada
Fifteen Irish firms leave for Canada today on a trade mission targeting the country's natural resources industry.
10 June 2013
World CO2 emissions up despite offset
China led a rise in global carbon dioxide emissions to a record high in 2012, more than offsetting falls in the United States and Europe, the International Energy Agency (IEA) said today.
10 June 2013
Call for ban on "unfair" split mortgages
Split mortgages with accruing interest are really no different to interest only extension periods and should be banned, according to the Association of Expert Mortgage Advisors (AEMA) today.
10 June 2013
World gaming industry turns mobile
To get a sense of how investors view the promise of mobile gaming, one need look no further than Japan's GungHo Online Entertainment.
10 June 2013
North's economy looking a little better
Signs are emerging that the North's economy is at least stabilising, though much depends on the prospects for the rest of the island and in Britain.
10 June 2013
Irish energy index posts record May fall
The Bord Gais Energy Index fell 5pc in May and recorded its lowest reading in 2013 following record highs earlier this year.
10 June 2013
Professional job vacancies up 5pc in May
There was a 5pc increase in the number of professional job opportunities in May with 9,434 on offer compared to the previous month when there were 9,034 jobs.
10 June 2013
May marks 6 years on construction slump
The Irish construction sector remained deep in contraction territory during May, marking six straight years of decline.
10 June 2013
EWSM launches on European market
The European Wholesale Securities Market (EWSM) announces its inaugural listing on the EU regulated market today.
10 June 2013
FTSE lower as markets react to China
Britain's benchmark share index edged lower today, led by mining stocks as signs of economic slowdown in China impacted sentiment.
10 June 2013
European stocks lower on China data
Mining stocks were the top fallers as European shares edged lower today, dragged down by weak data from China, the world's largest consumer of raw
10 June 2013
ISEQ steady-ECB not settled on policy
The ISEQ is unchanged this morning at 3,981 as markets have opened softer around Europe.
10 June 2013
Chinese economy dips in May
Risks are rising that China's economic growth will fall further in the second quarter and that full-year forecasts will be cut further, after weekend
10 June 2013
Japan's surplus doubles in April
Japan's current account surplus doubled in April from a year earlier, and the economy grew at a much quicker pace than previously estimated,
10 June 2013
Roundup-Builders face another year
Builders are facing into their seventh year of recession, figures published today show. According to the Ulster Bank
10 June 2013
Elan rejects new Royalty Pharma bid
Irish drug firm Elan Corp Plc as expected rejected an increased offer from Royalty Pharma and today said it was assessing enquiries from other
10 June 2013
European markets lower at opening
Mining stocks were among the top fallers as European shares edged lower today, dragged down by weak data from the world's largest consumer of raw
07 June 2013
ISEQ rebounds after US economy data
The ISEQ broke a four-day losing streak today, rebounding in line with world markets following reasonably good jobs figures from the US.
07 June 2013
Only Irish oil refinery is up for sale
Ireland's only oil refinery, Whitegate in East Cork, is being put up for sale by its US owners.
07 June 2013
EU and Canada deadlocked on trade deal
Canada and the European Union are still deadlocked over a long-delayed free trade agreement, officials said today, casting more doubt on the pact as the EU shifts focus to a bigger deal with the United States.
07 June 2013
Rehn hits back at IMF over Greek blame
The EU's top economic official struck back today at the International Monetary Fund after it blamed Europe for mishandling Greece's first bailout, saying the fund itself had not supported an early debt restructuring.
07 June 2013
Centrica shows interest in UK shale
A significant new investor in Britain's shale industry suggests there are prizes to be had.
07 June 2013
White House: US on road to recovery
The May U.S. jobs report shows more job creation policies are needed to help grow the economy, which continues its long recovery, said Alan Krueger, a top economic advisor to President Barack Obama.
07 June 2013
Wall St rises on strong payrolls data
Wall Street was opened higher today after a jobs report suggested the economy still needs the Federal Reserve's support, which quelled fears that the Fed will end its stimulus efforts sooner than expected.
07 June 2013
Soccer star Drogba buys in to gold mine
Former Chelsea soccer star Didier Drogba has taken a stake in an Ivory Coast gold mine, the latest sign of his increasing engagement in his homeland which is recovering from a decade of crisis that ended in a brief 2011 war.
07 June 2013
US jobs data points to economy strength
U.S. employers stepped up hiring in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back the amount of cash it is pumping into the banking system later this year.
07 June 2013
Key Cap, Cooke to buy Sunday Biz Post
Finance house Key Capital and former Star newspaper executive Paul Cooke are in talks to buy the Sunday Business Post, according to reports.
07 June 2013
Royalty raise Elan bid to potential US8b
Royalty Pharma raised its hostile bid for Irish drug firm Elan to a potential $8 billion on Friday, after just 7.5 percent of the target company's shareholders accepted its previous offer.
07 June 2013
US open cyber-warfare command centre
On the site of a former military golf course where President Dwight Eisenhower once played, the future of U.S. warfare is rising in the shape of the new $358 million headquarters for the military's Cyber Command.
07 June 2013
ISEQ rises, breaks losing streak
The ISEQ broke a four-day losing streak this morning but gains were small ahead of some crucial economic data from the US later today.
07 June 2013
United launch Shannon to Chicago route
United Airlines launched a seasonal non-stop service between Shannon and its Chicago hub, O'Hare International Airport, today.
07 June 2013
SMEs in court victory on State contracts
The High Court today delivered a judgment in favour of SMEs in a case challenging the State's exclusion of smaller firms from certain public procurement tenders.
07 June 2013
Hogan: We need normality in construction
Ireland's economy needs to return to normal levels of construction activity if we are to return to growth and recovery, according to the Minister for the Environment, Community and Local Government, Phil Hogan.
07 June 2013
New cars licensed down 11.2pc in May
Latest CSO figures show that here were 7,095 new private cars licensed in May 2013, compared with 7,986 in May 2012, a decrease of 11.2pc.
07 June 2013
Knock Airport chairman to resign
The Board of Ireland West Airport Knock today said that it has accepted the resignation of its Chairman Liam Scollan.
07 June 2013
Bundesbank dampens trade optimism
German trade activity rose sharply in April, but a cut in the Bundesbank's growth forecast dampened hopes that Europe's largest economy might be gaining momentum.
07 June 2013
Deposits, bonds safe in bank restructure
Depositors and senior debt holders would be shielded from losses in any bank restructurings ordered by the EU Commission, a Commission official said today.
07 June 2013
Cantor Fitz to deal bonds on ISE
The Irish Stock Exchange (ISE) has admitted Cantor Fitzgerald Ireland as a Primary Dealer in Irish Government Bonds.
07 June 2013
Dollar weakens ahead of key jobs data
The dollar was weak and vulnerable today, a day after its biggest one-day fall against the yen in three years and before jobs data that could push the U.S. currency lower if it comes in below forecast.
07 June 2013
Providence to eye Atlantic survey
Irish oil and gas prospector Providence Resources said it hopes to bring in a major partner to exploit its Barryroe oil field in the Celtic Sea by the end of the year.
07 June 2013
Fear for Irish market return, yields up
The perception in Ireland may be that we are a shoe-in for a full return to the sovereign debt markets by the year's end but the markets are not quite as sure.
07 June 2013
FTSE investors await US jobs data
Britain's top shares edged lower today, steadying after steep falls in the previous session, with market moves likely to be muted ahead of U.S. jobs data.
07 June 2013
Oil above USD103 and set to rise
Brent futures posted light gains to hold above $103 a barrel today, supported by a sharp fall in the dollar and expectations of ongoing U.S. economic stimulus, setting the contract on course for its biggest weekly gain since late April.
07 June 2013
Cyber-spying shadows Obama, China meet
President Barack Obama will complain to Chinese President Xi Jinping at a summit today about alleged Chinese hacking of U.S. secrets, even as the White House faces growing questions at home over American government surveillance.
07 June 2013
European shares open close to 6-week low
European shares steadied just above six-week lows today, with investors looking to a jobs report later in the session for clues on whether the U.S. economy is strong enough to warrant an easing of equity-friendly stimulus.
07 June 2013
Slight rise in US employment in May
U.S. employers likely stepped up hiring only slightly in May, a sign the economy was growing modestly but not strongly enough to convince the
07 June 2013
Aer Lingus passenger numbers rise
Aer Lingus has reported a 5.3pc increase in passenger numbers for May. The airline said that it flew 1,021,000 passengers
07 June 2013
US Dollar shakey after recent strength
The U.S. dollar was on the back foot in Asia today after suffering its biggest one-day decline in three years against the yen as market players
07 June 2013
Who will replace Ben Bernanke?
Federal Reserve Chairman Ben Bernanke is widely expected to step down when his second term at the helm of the U.S. central bank expires on Jan. 31
07 June 2013
Elan bid by Royalty held up in courts
Royalty Pharma received a blow in its battle to take over Irish drug firm Elan on Thursday after a ruling on conditions attached to the U.S.
07 June 2013
Futures point European markets higher
European stock index futures pointed to a higher open today, with a late recovery on Wall Street seen prompting investors to buy beaten-down stocks
06 June 2013
ISEQ in retreat after ECB rate meeting
The ISEQ went in to retreat for the second straight day today after the European Central Bank said the economic outlook remained weak and failed to satisfy those hoping for fresh policy action.
06 June 2013
Bank slide sends euro shares lower
European shares reversed early gains to close lower today, led by banks, after the European Central Bank said the economic outlook remained weak and failed to satisfy those hoping for fresh policy action.
06 June 2013
Sod turned on N7 and N11 PPP road build
Work began today on the N7 Newland's Cross and N11 road network in Wicklow and Wexford.
06 June 2013
Greeks outraged at IMF's mea culpa
Greeks reacted with an air of vindication and outrage at the IMF's admission it erred in its handling of the country's bailout, berating an apology that comes too late to salvage an economy and countless lives in ruins.
06 June 2013
British regulator probes power price fix
Britain's energy watchdog Ofgem has broadened its investigation of gas and power price manipulation, following allegations made by a whistleblower last year, including the role played by price reporting agencies, it said today.
06 June 2013
Wall St climbs after two-day decline
U.S. stocks advanced Thursday as investors bought shares offering value after a two-day drop, though gains were limited by comments from European Central Bank President Mario Draghi.
06 June 2013
Merkel urged to come clean on Greek cost
Germany's opposition Social Democrats demanded that Chancellor Angela Merkel come clean about the risk of losses on government loans to Greece.
06 June 2013
Draghi rules out negative interest rates
The European Central Bank's chief today said the bank ruled out cutting its overnight deposit rate below zero for now.
06 June 2013
SSE invests over E2bn in Ireland so far
Airtricity owners, SSE, has invested a total of over E2 billion since 2008, it said today.
06 June 2013
EU's Libor supervision plan slammed
European Union plans to wrest from London the supervision of Libor and other benchmarks, such as those covering oil and commodities, are "intrusive" and likely to be changed, a top EU lawmaker said today.
06 June 2013
Irish firms buy more capital assets
Irish firms invested in more capital assets in the first three months of this year, valued at E661m compared to E581m in the same period last year, latest CSO figures show.
06 June 2013
BoE's King final task leaves rates alone
Bank of England Governor Mervyn King's final rate-setting meeting ended in a subdued fashion today with no change to policy despite the governor's calls for more stimulus.
06 June 2013
Euro rises after ECB rates meeting
The European Central Bank's decision to leave rates unchanged lifted the euro to near a four week high today, but uncertainty over the U.S. Federal Reserve's next move kept world share markets on edge.
06 June 2013
ECB hold rates, expect recovery soon
The European Central Bank left its main interest rate unchanged at a record low 0.50 percent today, holding off policy action to wait and see whether economic recovery materialises in the second half of the year.
06 June 2013
Euro football market worth near E20bn
Despite wider economic pressures, the European football market continues to perform well with 11pc (E1.9 billion) growth in revenue terms to E19.4 billion in 2011/12.
06 June 2013
UK backs down on audit prediction rule
Britain's accounting watchdog has backed down from requiring auditors to make long-term predictions about whether companies will stay in business, after the industry complained the move was impractical.
06 June 2013
FTSE holds after worst day in a year
Britain's blue chip shares steadied today, finding some technical support after steep losses in the previous session and cheered by better than expected results at specialty chemicals group Johnson Matthey.
06 June 2013
Live Register dip for 11 straight months
On a seasonally adjusted basis, the Live Register fell in May - albeit marginally by 700 - but marking the 11th straight month of declines in the number signing on, latest CSO figures showed today.
06 June 2013
AIB's acting CFO to quit the bank
Paul Stanley, Acting Chief Financial Officer at AIB, has said that he is to leave the bank to pursue other opportunities with effect from August 2013.
06 June 2013
US neo-cons say scrap corporate tax
As western politicians consider moves to clamp down on corporate tax avoidance, some conservative economic thinkers say the damage done by avoidance is overstated and any remedies are more likely to do economic harm than good.
06 June 2013
ECB expected to leave rates on hold
The euro hit a four-week high against a weaker dollar today and stocks edged down ahead of a European Central Bank meeting at which no change in rates is expected although economic forecasts may be tweaked.
06 June 2013
US Govt spying on millions of citizens
The U.S. National Security Agency is collecting telephone records of millions of Verizon Communications customers, according to a secret court order obtained and published by the Guardian newspaper's website.
06 June 2013
Belfast's HUB opens for business
A new shared workspace that brings 26 of the North's most driven, export-focused start-up businesses together to share knowledge and ideas has opened for business.
06 June 2013
Exporters' bad debts rise, payment delay
Bad debt losses by Irish businesses increased by 7pc over the past 12 months and the Irish public sector continue to delay payments to firms, according to the Irish Exporters Association (IEA) today.
06 June 2013
Sumitomo sells $400m Barclays stake
Japan's Sumitomo Mitsui Banking Corp (SMBC) has sold a 260 million pound ($400 million) stake in Barclays, about half its holding in the British
06 June 2013
New ferry operator barred from UK
Britain's competition watchdog has barred France's Groupe Eurotunnel from docking its ferries at Dover for at least two years due to concerns
06 June 2013
FTSE edges up following recent falls
Britain's blue chip shares edged higher today, steadying after steep losses in the previous session and led by specialty chemicals group Johnson
06 June 2013
ISEQ steady as ECB meets today
The ISEQ is steady this morning at 3,986 as European markets mark time following some hefty corrections in recent days.
06 June 2013
Chinese middle classes emerge and spend
Chinese consumption, largely driven by the middle class, will account for $6.2 trillion, just under a quarter of the $26 trillion of additional global
06 June 2013
European equity markets stalled
UK lender Barclays was among the top fallers after a share placement as European equities were expected to be volatile ahead of jobs data in the
06 June 2013
Roundup-Airtricity wants BGE on cheap
SSE, which owns Airtricity, has expressed an interest in the energy wing of Bord Gais, but departing chief Ian Marchant said the price would have
06 June 2013
ECB meets today, no rate change
The European Central Bank is expected to keep its main interest rate at a record low 0.5 percent today but tweaks to its economic forecasts may
06 June 2013
IMF admits Greek mistakes
The International Monetary Fund last night said that it lowered its normal standards for debt sustainability to bail out Greece
06 June 2013
Nikkei profit- taking takes off
Japan's Nikkei average ended below 13,000 for the first time in two months today in choppy trade, extending its decline from
06 June 2013
European futures point markets lower
European stock index futures fell today, with the region's stock markets set to track declines on U.S. and Asian markets on concerns of a
06 June 2013
IKEA resuffles the furniture
Asked if he would ever quit IKEA, 87-year-old founder Ingvar Kamprad told an interviewer last year he "had no time to die". But his latest step back
06 June 2013
Irish services grows at slower pace
Ireland's services sector expanded at a slower pace in May, although the rate of growth in export orders picked up as the slump in business activity
05 June 2013
ISEQ falls below 4,000 level again
The ISEQ fell below the 4,000 level again today after yesterday's modest rebound and in line with falls across Europe's equity markets.
05 June 2013
Pension funds show another rise in May
Traditional managed pension funds in Ireland rose 1pc in May, according to the latest Aon Hewitt Managed Fund Index.
05 June 2013
US proposes new money market rules
U.S. securities regulators today voted unanimously to propose reforms that would target a portion of the $2.6 trillion money market fund industry, aiming to reduce the risk that panicked investors might abruptly withdraw their money in times of stress.
05 June 2013
May tax revenues E105m ahead of target
Latest Exchequer returns for the first five months of this year show that the total tax take came in at E14.76 billion - up E366 million (2.5pc) compared to the same time a year ago and E105 million (0.7pc) ahead of target.
05 June 2013
Govt unveil extra E150m in cap spending
The Government today unveiled an extra E150 million in Exchequer capital funding for 2013 to 2014 to be spent on schools, energy efficiency and roads.
05 June 2013
Donlon to be Irish rep on EBRD board
Former Irish ambassador to the US, Sean Donlon, has been nominated by the Government to the Board of the European Bank for Reconstruction and Development (EBRD).
05 June 2013
China and EU in tit-for-tat tariff war
China took aim today at exports of the European wines favoured by its growing middle class, responding to an EU move to impose anti-dumping duties of Chinese solar panels as tensions rise.
05 June 2013
Mega rich are latest hottest properties
The mega rich have become the hottest property in private banking and wealth managers are pulling out all the stops to court them, offering perks ranging from lunches with sports stars to track days at the Monaco Grand Prix circuit.
05 June 2013
Wall St dips on sluggish US jobs growth
U.S. stocks opened lower after data showing job growth remained sluggish did little to ease concerns the Federal Reserve may slow the pace of its economic stimulus program.
05 June 2013
New audit rules are a major change
The Financial Reporting Council today published new rules for auditors reporting on companies who apply the UK Corporate Governance Code - which covers companies listed in Dublin.
05 June 2013
New housing starts rise 20pc in Q1
The number of new housing units being built rose by almost a fifth during the first three months of 2013, according to new figures released by the Construction Industry Federation (CIF).
05 June 2013
Govt ploughs extra E50m to repair roads
The Government today said it is to make available an extra E50 million to repair regional and local road surfaces.
05 June 2013
DMI signs major London contract
The Digital Marketing Institute (DMI) will offer its digital marketing education programmes to three of the top marketing colleges and universities in London, after securing a E1.6m deal with the London School of Marketing.
05 June 2013
Cost Plus Sofas to close some stores
Retail group, Cost Plus Sofas and Beds Etc, today published a public notice saying that it will close a number of its stores around Ireland in a cost saving exercise.
05 June 2013
Irish Stock Exchange profits up 35pc
The Irish Stock Exchange (ISE) today reported pre-tax profits of E6.3m for 2012, a 35pc increase on 2011 and despite a drop in revenues.
05 June 2013
ISEQ dips in line with world markets
The ISEQ lost ground this morning after yesterday's modest rebound in line with falls across Europe's equity markets.
05 June 2013
Latvia prepares to join the eurozone
Latvia is ready to become the 18th country using the euro from the start of next year, the European Commission announced today, a decision that will be formally approved by European Union finance ministers on July 9.
05 June 2013
Visits to Ireland by sea up 4pc in 1st Q
Ferry passenger numbers travelling to and from Ireland increased by 4pc in the first quarter compared to the same period last year, according to the latest figures from the Irish Maritime Development Office (IMDO).
05 June 2013
Pace of eurozone slowdown eases in Q1
The pace of the euro zone's economic contraction slowed quarter-on-quarter in the first three months of this year, EU statistics showed today, but retail sales in April pointed to continued weakness in household demand.
05 June 2013
Irish payment habits changing rapidly
The past five years has seen payment behaviour in Ireland change dramatically with fewer cheques and lower ATM usage, according to a report today by the Irish Payment Services Organisation (IPSO).
05 June 2013
Crowley Carbon creates North jobs
Crowley Carbon, a County Wicklow-based Energy Services Company, is to expand in to the Six Counties with the creation of 10 highly-skilled engineering jobs for the region.
05 June 2013
Fight against undeclared work being won
Measures introduced in all EU Member States over the past five years have had a big impact on preventing businesses and people from engaging in undeclared work, according to Eurofound's Dublin office today.
05 June 2013
Oil firms welcome survey of Irish seas
The Irish Offshore Operators' Association (IOOA) has welcomed news that the Government, has granted approval for a major 2D seismic survey to establish the oil and gas potential of Ireland's Atlantic Margin.
05 June 2013
Tesco Irish sales hit by Aldi, Lidl
Tesco today said that its Irish sales dipped by 3pc on a like-for-like basis in the first quarter as it faced intense competition with cash-strapped shoppers opting for discounters such as Aldi and Lidl.
05 June 2013
Irish holidaymakers to spend E1k each
Irish holidaymakers will, on average, spend E1,000 each for their Summer breakaways this year with dedicated savers spending the most, according to the latest KBC Savings Barometer today.
05 June 2013
Britains services up as new biz grows
Britain's service sector grew much faster than expected in May with new business increasing at its fastest rate in over three years, a survey
05 June 2013
FTSE lower on likely Fed actions
Britain's leading share index fell today as comments from U.S. Federal Reserve officials fanned talk the bank's monetary stimulus may be
05 June 2013
ISEQ eases back as Europe slides
The ISEQ is lower this morning at 4,023, down just 9 points as European markets fear the Fed may start to reign in some Quantitative Easing in
05 June 2013
Signs of Spanish economy bottoming
Spain's services sector shrank at the slowest rate since mid-2011 in May, a survey showed today, suggesting the industry may be turning a corner after
05 June 2013
European stocks ease on Fed concerns
European shares fell today, extending a retreat from multi-year highs reached last month, as fresh concerns about a possible tapering in U.S
05 June 2013
Roundup-Dunne facing it on both sides
Sean Dunne faces the possibility of being declared bankrupt in Ireland as well as in the United States after a Connecticut court allowed Ulster Bank
05 June 2013
Irish takeover panel to review Elan deal
Elan said that Royalty Pharma has agreed not to further disseminate its proxy statement until the Irish Takeover Panel has reviewed the
05 June 2013
Jefferson Co. "sewer bonds" deal agreed
JPMorgan Chase and Co., several hedge funds and bond insurers holding 78 percent of sewer debt from Alabama's bankrupt Jefferson County have signed
05 June 2013
20 years of growth and still not happy
Australia's economy posted a second straight quarter of moderate growth as a drop in business investment offset gains in trade and consumer spending
05 June 2013
European futures point markets lower
European stock index futures pointed to a weaker start today, with a major index's failure to break a strong resistance level and concerns about
05 June 2013
Asian stocks weak on Fed jitters
MSCI's broadest index of Asia-Pacific shares outside Japan slid as much as 1 percent to a six-month low, after snapping a four-day losing streak on
04 June 2013
Aryzta help lift ISEQ out of the red
The ISEQ rose today after last week's steep falls led by Aryzta, which released in-line quarterly results and said it was on target for the full year.
04 June 2013
Obama to stop frivolous patent lawsuits
President Obama took steps today aimed at curbing what the White House called frivolous lawsuits over patent infringement, directing his administration to craft new regulations.
04 June 2013
European shares bounce back today
European shares rose today, as a confident growth outlook from STMicroelectronics lifted chip-makers and investors took a recent pullback as a cautious buying opportunity.
04 June 2013
Wall St rises in early trading
U.S. stocks inched higher, putting the Dow on track for yet another strong day, but market participants say the direction could easily turn as the market gets more clues on when the Federal Reserve may reduce its stimulus efforts.
04 June 2013
UK may ask Irish to take over U Bank
The British Government is reportedly considering trying to persuade the Irish government to take control of Ulster Bank.
04 June 2013
US trade deficit widens in April
The U.S. trade deficit widened less than expected in April as the lowest petroleum bill in nearly 2-1/2 years tempered the rise in imports, while exports hit a four-month high.
04 June 2013
New data paints brighter picture for UK
Britain's construction sector returned to growth and retail sales rebounded in May, data today showed, offering fresh evidence that the economy is clawing its way to recovery.
04 June 2013
Ciaran O'Brien joins Gaelectric Board
Renewable energy development, operations and energy storage group, Gaelectric, has announced the appointment of Ciaran O'Brien to its Board as a non-Executive Director.
04 June 2013
New car sales slump 22.5pc in May
Figures released from SIMI (Society of the Irish Motor Industry) today show a decline in new car sales in May of 22.5pc.
04 June 2013
Food industry slams kids' TV ad ban
Food and Drink Industry Ireland (FDII) today said the newly-issued Broadcasting Authority of Ireland's General and Children's Commercial Communications Codes are based on "flawed science".
04 June 2013
E20m survey to show Irish oil potential
The Government has granted approval for a major 2D seismic survey that will go a long way towards revealing the true oil and gas exploration potential of Ireland's Atlantic Margin.
04 June 2013
Conroy encouraged by Monaghan gold find
Prospector, Conroy Gold, has released details of yet another positive mineralogical report in relation to its proposed gold mine development at Clontibret in Co. Monaghan.
04 June 2013
British Govt mulls splitting up RBS
Splitting up part-nationalised Royal Bank of Scotland (RBS) will be put forward as an option by lawmakers examining standards in British banking, political and industry sources said today.
04 June 2013
ISEQ in modest rebound on Aryzta Qtr
The ISEQ rose this morning after last week's steep falls led by Aryzta, which released in-line quarterly results and said it was on target for the full year.
04 June 2013
Brooks buys Dublin Plywood and Veneer
Timber products specialists, Brooks, has acquired the entire share capital of Dublin Plywood and Veneer Company (DPV) securing 11 jobs at the DPV site in Glasnevin, Dublin.
04 June 2013
Ryanair May passenger numbers up 5pc
Ryanair carried 7.86 million passengers during May, a rise of 5pc compared to a year previously, it said today.
04 June 2013
Oil prices fall below USD102 a barrel
Brent crude futures slipped below $102 a barrel today as weak U.S. manufacturing data from the day before deepened worries about demand growth in the world's biggest oil consumer.
04 June 2013
IMF wants Greek tax crackdown
Greece is broadly on track with its bailout programme but must do more to crack down on tax evasion and pursue reforms to attract foreign investors, International Monetary Fund chief Christine Lagarde said today.
04 June 2013
Eamonn Kielty is new ISME chairman
The National Council of ISME, the Irish Small and Medium Enterprises Association, has elected Eamonn Kielty of Money Plus in Sligo, as Chairman.
04 June 2013
Irish cancer drug firm in Spain deal
Irish-based Inflection Biosciences Ltd, focused on the development of targeted small molecule treatments for cancer, today said it has signed a license deal with the Spanish National Cancer Research Centre (CNIO).
04 June 2013
Dana Strong to be Virgin Media op boss
UPC Ireland chief, Dana Strong, is set to become Chief Operating Officer of Virgin Media when UPC's parent company Liberty Global completes the acquisition of Virgin Media in the coming days.
04 June 2013
Industry production up 3.2pc in April
Production for Manufacturing Industries for April 2013 was 3.2pc higher than in March, latest CSO figures show.
04 June 2013
Signs of stability in April house prices
Signs of stability in the country's property market emerged from the latest set of price figures from the CSO today.
04 June 2013
Ireland to be home to Sukuk worth US12bn
New Islamic financing laws here will see the world's first listed sovereign Sukuk - a Sharia-compliant investment bond - that will be listed on the Irish Stock Exchange with a face value of around USD12 billion.
04 June 2013
Kids' TV ads for fatty foods face ban
Advertisements on kids' TV programmes for fatty and sugary foods - except cheese - will be banned from this September, according to the Broadcasting Authority of Ireland (BAI).
04 June 2013
AerTV platform sees 130pc growth
AerTV, an Irish online TV platform, today said that it has seen an increase of over 130pc in traffic on its service for Q1 2013 compared to the same period last year.
04 June 2013
Property seller to create 25 new jobs
Irish owned overseas property sales consultancy, Extra Sales, which specialises in selling Irish owned overseas property, today announced that it will create 25 new jobs over the next two years.
04 June 2013
Digicel to invest USD6.6bn in Myanmar
Irish billionaire Denis O'Brien's Digicel consortium today submitted its tender application for a nationwide mobile phone licence to the Government of the Republic of the Union of Myanmar.
04 June 2013
Aryzta revenues inch up, will hit target
Irish-Swiss bakery products group, Aryzta, this morning posted 3.6pc rise in revenues for its third quarter and said it is on course to meet full year targets.
04 June 2013
Half Ireland's pubs in danger of closure
Half of Ireland's pubs are in danger of closing, according to an investigation into the trading viability of businesses in the hospitality sector by Vision-net.
04 June 2013
FTSE joins European bounce-back
Britain's top share index rebounded today with retailers gaining on UK sales data and financials rising on hopes the U.S. central bank will not
04 June 2013
Spanish export comeback becomes evident
Spain has taken a leaf out of Ireland's book and has steadily grown it's exports in the past three years as the domestic economy has floundered
04 June 2013
Japan's economic strategy revealed
The third-tranche of Prime Minister Shinzo Abe's growth strategy, set to be unveiled on Wednesday, will likely focus on the creation of special
04 June 2013
ISEQ rises-Aryzta food group examined
The ISEQ is significantly higher this morning at 4,049, up 36 points as European markets rebounded in early trading.
04 June 2013
European shares bounce back
European shares snapped a two-day losing streak today, led higher by chipmaker STMicroelectronics after it guided for full-year order growth
04 June 2013
Elan gets court relief from Royalty Phar
Elan got relief from courts in Ireland and the US that temporarily prevents US-based investment firm Royalty Pharma from going ahead with its $6.4
04 June 2013
Roundup-AIB looks to US investors
AIB has begun the process of getting investors to come in and start purchasing a shareholding in the bank from the Government, according to its
04 June 2013
Latvia to become 18th EU member
The European Commission will give Latvia on Wednesday the go-ahead to become the 18th member of the euro zone from the start of next year,
04 June 2013
Oil lower on supply and US man. data
Brent futures slipped below $102 a barrel today as weak U.S. manufacturing data stoked worries about demand growth in the world's
04 June 2013
Nikkei rises as battered stocks scooped
Japan's Nikkei share average rose 2.1 percent today, its biggest one-day rise in three weeks, as investors scooped up battered
04 June 2013
Irish manufacturing dips again in May
Irish manufacturing shrank for the third month in a row in May but the pace of decline was the slowest seen since the sector contracted for the
04 June 2013
European futures point markets higher
European stock index futures pointed to a rebound today, tracking a rally on Wall Street as soft U.S. factory data eased worries the Federal Reserve
04 June 2013
German-French talks adds French pressure
A Franco-German deal to strengthen the euro zone has ended months of bickering between Paris and Berlin and raised the onus on French President
31 May 2013
Irish take the flack for US tax loophole
Ireland has been labelled a tax haven and a siphon for billions of tax dollars that should have gone to the IRS but it was an error in trying to plug a loophole that gave US multinationals the means to avoid tax.
31 May 2013
ISEQ closes the week on a low point
The ISEQ shed the gains it made through the last week and the early days of this week as investors took stock and eyed consolidation in the global equity markets.
31 May 2013
Irish US ambassador rejects haven claims
Michael Collins, the Irish ambassador to the US has written to the two Senators on a US Senate Committee rejecting their claims that Ireland acts as a tax haven for US firms avoiding US tax.
31 May 2013
Canada sees 2.5pc GDP growth in Q1
Rising exports helped rouse the Canadian economy from a sluggish second half of 2012 to grow at an annualized rate of 2.5 percent in the first quarter of this year, the fastest pace in six quarters, Statistics Canada reported today.
31 May 2013
Call for Google to help Irish newspapers
Former Irish Times editor, Conor Brady, has called on the Government to negotiate a deal with Google to help Ireland's ailing newspaper industry.
31 May 2013
Scheme helps firms tap potential billion
A new clustering scheme to help Irish companies tap into the muti-billion euro opportunities in the emerging markets will launch next week.
31 May 2013
Chicago PMI helps lift Wall St
U.S. stocks were slightly lower, trimming much of their earlier losses today, after data showed business activity in the Midwest picked up in May.
31 May 2013
Film and TV out of EU-US trade talks
Europe wants to exclude the movie, television and music industries in a proposed free-trade pact with the United States, the EU trade commissioner said today.
31 May 2013
NAMA and Sareb: Bad bank, worse bank
Two of the world's biggest property owners, 'bad banks' NAMA in Ireland and Sareb in Spain, have attracted the eyes of global investors this week.
31 May 2013
US consumer spend falls, inflation low
U.S. consumer spending fell in April for the first time in almost a year and inflation pressures were subdued, pointing to a slowdown in economic activity, which should allow the Federal Reserve to maintain its monetary stimulus for a while.
31 May 2013
10Gen opens EMEA HQ in Dublin
10Gen, a global MongoDB (big databases) company, officially opened its EMEA headquarters in Dublin today and launched a recruitment campaign for 60 jobs.
31 May 2013
Entrepreneurial buzz highest since 2008
The economy may be barely registering growth, but that's no deterrent to the ranks of wannabe entrepreneurs with a record number of new business set ups this year so far.
31 May 2013
Household lending falls 4pc in April
Lending to households fell by 4.1pc in April as the Irish public continued to pay back debt, latest figures from the Central Bank show today.
31 May 2013
Tyrone firm is Achiever of the Year
CDE Global has been crowned the 'Ulster Bank Business Achiever 2012' at the national final of the awards, which took place at the Mansion House in Dublin last night.
31 May 2013
In recession Spain has 1st trade surplus
Spain booked its first trade surplus in recorded history in March, central bank data showed today, as a sharp plunge in imports from a deep recession offset a modest increase in exports.
31 May 2013
Rehn 'amazed' by French criticism
European Commission's economic chief, Olli Rehn, said today he was "amazed" that France had criticised his team for recommending reforms while Paris also proposed more economic coordination for the euro zone.
31 May 2013
Elan's Daniel is new IoD President
The Institute of Directors in Ireland (IoD) has announced the election of Liam Daniel, a senior executive with Elan, to the position of President of the Institute.
31 May 2013
Eurozone unemployment at new record high
Unemployment has reached a new high in the euro zone and inflation remains well below the ECB's target, showing the size of the challenge EU leaders are facing in their efforts to revive the bloc's sickly economy.
31 May 2013
Govt launch E175m start-up seed fund
The Government this morning launched a E175m Seed and Venture Capital Scheme 2013-2018 targeting high-growth Irish companies with the potential to generate additional export sales and grow jobs.
31 May 2013
Blockupy protestors surround ECB
Thousands of demonstrators from the anti-capitalist Blockupy movement cut off access to the European Central Bank in Frankfurt today to protest against policymakers' handling of Europe's debt crisis.
31 May 2013
A Lingus back E140m pension payout
Aer Lingus's board of directors has backed a proposal to make a once-off contribution of E140 million to employee pensions as part of a deal to avoid possible strikes at the airline.
31 May 2013
Euro shares fall, investors take profits
European shares edged lower today on profit taking, on the final day of what should become a record 12th consecutive month of gains.
31 May 2013
Signs of stability in disposable incomes
After three years of declines, disposable income levels are showing signs of stabilisation, according to the latest 'What's Left' report by the Irish League of Credit Unions.
31 May 2013
Ireland gets blame for US tax error
Ireland has been labelled a tax haven and a siphon for billions of tax dollars that should have gone to the IRS but it was an error in trying to plug a loophole that gave US multinationals the means to avoid tax.
31 May 2013
Intel scores with new Samsung Galaxy tab
Samsung Electronics has chosen an Intel Corp processor to power a new version of one of its top-tier Android tablets, a source with knowledge of the plans told Reuters.
31 May 2013
UK pay-day lenders face a crackdown
Britain's consumer watchdog must get tough on unscrupulous short-term lenders that target the financially vulnerable and lend them money they can't afford to repay, a British parliamentary committee said today.
31 May 2013
US says cyber-spying poses real threat
Defense Secretary Chuck Hagel said today that cyber threats posed a "quiet, stealthy, insidious" danger to the United States and other nations, and called for "rules of the road" to guide behaviour and avoid conflict on global computer networks.
31 May 2013
Euro rises to 3-week high on the dollar
The U.S. dollar hovered near a three-week low against the euro on Friday after unexpectedly weak U.S. economic data dampened expectations that the Federal Reserve will reduce its monetary stimulus soon.
31 May 2013
Japan output better, deflation eases
Japan's factory output picked up in April and deflation abated slightly as a weaker yen and firmer overseas demand boosted growth.
31 May 2013
Oil above USD102 on dollar weakness
Brent futures held above $102 a barrel today as the dollar softened on hopes the U.S. Federal Reserve would maintain its stimulus measures, offsetting demand worries stemming from an unexpected rise in crude stockpiles in the top oil consumer.
30 May 2013
ISEQ breaks three-day losing streak
The ISEQ broke out of the red today after three days of losses with Ryanair and Aer Lingus in focus after a UK competition authority ruling on Ryanair's stake in its rival.
30 May 2013
Spain's 'NAMA' can't attract investors
Analysts are saying that Spain's 'bad bank' is failing to live up to the example of NAMA in Ireland.
30 May 2013
IMDA see frantic pace of med-tech change
The medical technology industry is evolving at an incredible pace with Irish firms well-placed to grow revenues and create jobs, a new report from the Irish Medical Devices Association (IMDA) said today.
30 May 2013
Elan has Plan B if deals are rejected
Elan said today it would present shareholders with an alternative strategy if they reject a string of deals it announced recently and thereby make it more likely that Royalty Pharma will acquire the Irish drug firm.
30 May 2013
Quarterly reporting by firms may be over
Listed companies will only be obliged to report their results twice a year from 2015 under new EU rules designed to improve the flow of information and cut bureaucracy.
30 May 2013
Shops to keep their margin on Lottery
Minister for Public Expenditure and Reform, Brendan Howlin, has said that bidders for the National Lottery Licence must maintain the current retail agent's margin.
30 May 2013
Dollar falls to 3-week low on euro
The U.S. dollar fell to a three-week low against the euro day after weaker-than-expected U.S. economic data boosted expectations the Federal Reserve will keep its monetary stimulus in place for longer.
30 May 2013
Wall St opens slightly higher
U.S. stocks opened modestly higher today as the latest economic data indicated that central bank stimulus measures would remain intact.
30 May 2013
Microsoft brings back the 'Start' button
Microsoft is bringing back the Windows "start" button, offering a stripped-down version among a slew of improvements aimed at winning over tablet users and placating PC customers alienated by Windows 8.
30 May 2013
Progress on competitiveness but..
Ireland's productivity performance has improved considerably in recent years, with growth rates well above the OECD average but we're still the seventh most expensive in the EU for consumers.
30 May 2013
EU States to row back on Financial Tax
European countries plan to scale back a proposed financial transactions tax drastically, initially imposing a tiny charge on share deals only and taking much longer than originally intended to achieve a full roll-out.
30 May 2013
Austerity takes bite out of US GDP
A drop in government spending dragged more on the U.S. economy than initially thought in the first three months of the year, a sign of increasing pain from Washington's austerity drive.
30 May 2013
ISEQ flat after three days of losses
The ISEQ barely moved this morning after three days of losses with Ryanair and Aer Lingus in focus after a UK competition authority ruling on Ryanair's stake in its rival.
30 May 2013
Business failures drop 18pc in yr so far
The five months from January to May saw an 18pc drop in business failures, according to figures from insolvencyjournal.ie today.
30 May 2013
World air travel demand picks up
International air passenger demand grew 3.0 percent in April compared to a year earlier and was 1.4 percent up from March, the International Air Transport Association (IATA) said today.
30 May 2013
FTSE edges up in choppy trading
Britain's top share index edged up today, helped by a rebound in gold miners, but sentiment remained jittery as investors fretted about a rollback of U.S. monetary stimulus.
30 May 2013
Surprise rise in eurozone confidence
Confidence in the euro zone economy grew by more than expected in May, with hope that the worst of the crisis may be over spreading to countries that have been on its frontline.
30 May 2013
Irish paid E17.5m in excess baggage fees
A new study today reveals that a total of E17.5 million in excess baggage fees was paid out by Irish air passengers in the past year, with an average fee of E46 per person.
30 May 2013
NAMA made profit of E228m in 2012
NAMA made a profit after impairment, tax and dividends of E228m last year, which is broadly in line with the profit of E241m reported for 2011, its annual report revealed today.
30 May 2013
World health influencers at Dublin event
An Taoiseach Enda Kenny met seven of the world's most innovative and ambitious healthcare start-ups are taking part in HealthXL Dublin Global Gathering Investor Day in Trinity Biomedical Building, today.
30 May 2013
Unemployment rate falls to 13.7pc in Q1
The unemployment rate fell from 14.12pc in the last quarter of last year to 13.7pc in the first three months of this year, the latest Quarterly National Household Survey from the CSO shows today.
30 May 2013
Heathrow to name and shame loud airlines
Airlines found guilty of breaking noise limits at Heathrow airport will face bigger fines and will be named and shamed by the London hub as it seeks to win more public support for a controversial expansion.
30 May 2013
Irish CFOs want bigger role in firms
Nine out of 10 Irish CFOs say they would like to have a greater strategic role in their company, according to new Deloitte research today.
30 May 2013
Office market to depend on FDI
Irelands office market will rely heavily on the FDI sector - foreign direct investment - for the foreseeable future, according to Darragh Cronin of Savills Ireland.
30 May 2013
Betapond secures E2m in new funding
Irish social media technology firm, Betapond, has raised E2 million in a new funding round led by The Ulster Bank Diageo Venture Fund, managed by Investec Ventures.
30 May 2013
Clontarf to focus on Ghana and Peru
Clontarf Energy, the Irish AIM listed oil and gas exploration company, will focus on Ghana and Peru it announced today while announcing its results for the year ending 31 December 2012.
30 May 2013
Tullow finds gas in Cote d'Ivoire
Tullow Oil today said that the Calao-1X exploration well in the CI-103 licence offshore Cote d'Ivoire, where Tullow is operator and has a 30pc interest, has found gas.
30 May 2013
Ryanair slams UK body on A Lingus stake
Ryanair today rejected a ruling from the UK competition authorities that it will have to reduce its 29.8pc stake in rival Aer Lingus amid concerns over competition on key routes between Ireland and the UK.
30 May 2013
Eircom profits fall despite cost cuts
Eircom this morning said that revenue for the third quarter to the end of March this year declined to E338 million, a drop of E37m or 10pc while core profits (EBITDA) fell by E15m or 11pc to E122m despite cost cuts.
30 May 2013
OPEC backs off fight due to US shale
OPEC oil exporters today were in no mood to fight over how much crude to produce and instead weighed the impact of rising supplies of U.S. shale and
30 May 2013
ISEQ flat-Employment data due today
The ISEQ is a little higher this morning at 4,037, up just 2 points as European markets started negative and then changed tack.
30 May 2013
The Swiss are at it again-Growing!
Growth in the Swiss economy picked up apace in the first quarter, beating even the most optimistic forecasts, as consumers, construction and trade
30 May 2013
European markets turn positive
European shares recovered from early losses to turn positive today, although many analysts said markets would stay stuck in a tight range due
30 May 2013
European businesses in China hunker down
European companies see China as the one bright spot in a gloomy world economy, even as they grapple with the country's slowing economic growth
30 May 2013
400 new jobs as Irish Water gears up
The company established by the Government to roll out and manage metered water supplies to households is expected to announce the creation
30 May 2013
Roundup-Ryanair's Aer Lingus stake
Ryanair may be required by UK competition authorities to trim its stake in Aer Lingus Group Plc over concerns that its 29.8 per cent
30 May 2013
Futures point to flat European open
European stock index futures pointed to a flat to lower open today, steadying after the previous day's heavy losses but staying rangebound
30 May 2013
Asian equities and dollar under pressure
Asian shares and the dollar were pressured today undermined by an overnight pullback in global equities as investors assessed the implications
30 May 2013
Asian rubber farmers to face price drop
Natural rubber prices in Asia are likely to decline to at least last year's lows after major producers abandoned attempts to restrict supply
30 May 2013
China's $ 4.7B purchase of US pigs
Shuanghui International Holdings is buying Smithfield Foods Inc, the world's biggest hog producer, for $4.7 billion to feed a growing Chinese
30 May 2013
Poll points to minimal Chinese growth
China's slowing factory sector may have barely grown in May amid lacklustre local and foreign demand, a Reuters poll showed
30 May 2013
Nikkei lower as overall losses hit 14pc
Japan's Nikkei share average fell further this afternoon, hitting a five-week low and extending the benchmark's losses to more than 14 percent since
29 May 2013
ISEQ slumps on profit taking
The ISEQ today dipped back below the 4,100 level reached this week for the first time in over five and a half years as investors pocketed gains.
29 May 2013
Progress on Irish maturities extension
The Government today said that there has been progress on the extension of Irish bailout loan maturities, which was agreed in April.
29 May 2013
ECB: Bank stress has eased but not over
Tensions in the euro zone's financial system have eased, but risks remain and governments and banks must keep strengthening the banking sector, the European Central Bank said today.
29 May 2013
BoI raises E500m in 3-year bond
Bank of Ireland has successfully auctioned E500m in three-year unsecured bond in what analysts are saying could mark a major step in the bank's recovery.
29 May 2013
An Taisce: Car firms fiddling fuel data
They are all at it but BMW is the worst offender with Audi and Mercedes not far behind in a rogue's gallery of EU fuel consumption figure manipulators, according to An Taisce today.
29 May 2013
Wall St falls on Fed move uncertainty
U.S. stocks fell from record levels today as investors continued to question the longevity of the Federal Reserve's stimulus program.
29 May 2013
EU: Ireland must stay on Troika course
Ireland must stick rigidly to the bailout programme and should now make bigger cuts in health spending and address the loan arrears problem in the banks with more urgency.
29 May 2013
Apple CEO says no tax deal with Ireland
Apple Chief Executive Tim Cook has said that the company has no special tax deal with Ireland.
29 May 2013
Banks seek to invest more in tech firms
Ireland's three largest banks have hired and invested in specialists in the broad-based technology sector to help boost lending to software companies.
29 May 2013
EU advises move away from austerity
Euro zone countries must focus on reforming their labour and services markets and can slow the pace of debt-cutting, the European Commission said today, marking a shift away from austerity.
29 May 2013
UBP buy Lloyds int'l Private Banking
Union Bancaire Privee (UBP) is buying Lloyds Banking Group's international private banking arm as the British bank sheds assets to shore up capital and the Swiss wealth manager presses on with a recent buying spree.
29 May 2013
Profit takers send ISEQ back under 4,100
The ISEQ dipped back below the 4,100 level reached this week for the first time in over five and a half years as investors pocketed gains.
29 May 2013
OECD warns Ireland on mortgage arrears
Ireland will achieve modest growth this year thanks to exports but the crisis over loan arrears and persistent youth unemployment must be tackled, Paris-based think-tank, the OECD said today.
29 May 2013
May saw modest consumer sentiment rise
Ireland's consumers remained relatively cautious during May despite an ECB rate cut and with only a slightly improved outlook for the economy, the latest KBC Bank/ESRI consumer sentiment index shows today.
29 May 2013
UK watchdog: Accountants must quiz banks
Accountants still fail to question banks properly over how they make provisions for poorly performing loans on their books, Britain's auditing policeman said today.
29 May 2013
Forex group accused of laundering US6bn
U.S. prosecutors have filed an indictment against the operators of digital currency exchange Liberty Reserve, accusing the Costa Rica-based company of helping criminals around the world launder more than $6 billion.
29 May 2013
New Govt measure to help DB pensions
The Government today announced a number of regulatory changes to help defined benefit schemes as they prepare their funding proposals before the Funding Standard deadline of 30th June.
29 May 2013
2012 year of the crackdown for Enforcer
Last year saw a crackdown on dodgy dealing by the corporate enforcer, the ODCE, with 19 company directors disqualified, E55m in directors' loans returned, 16 criminal convictions and the on-going Anglo Irish investigation.
29 May 2013
Dublin's Jazz seeks USD757m for debt
Dublin headquartered specialty biotechnology company, Jazz Pharmaceuticals, is reported today to be seeking USD757.2 million in loans to refinance debt.
29 May 2013
Consumer groups worry about EU/US deal
U.S. consumer groups plan to raise concerns today about a proposed free trade agreement between the United States and the European Union.
29 May 2013
BoI plans unsecured 3-year bond sale
Bank of Ireland plans to sell a three-year unsecured bond and has appointed four international banks to oversee the transaction, the lender said.
29 May 2013
OECD: ECB needs to come to rescue again
The ECB, which shored up the euro zone last year, needs to act again to lift the bloc out of recession, the OECD said today, calling for bold steps beyond just interest rate cuts.
29 May 2013
Fastnet secures Morocco Farm-In deal
Irish prospector with a focus on the Celtic Sea and North Africa, Fastnet, today said it has signed a deal that will earn it a 37.5pc stake in eight blocks in the Tendrara Lakbir permit in Morocco's Atlas mountains.
29 May 2013
IEDR boost to 20 e-commerce winners
The IE Domain Registry (IEDR), the managed registry for Ireland's official Internet address .ie, today announced the 20 winners of its OPTIMSE 2013 Fund.
29 May 2013
Irish tech firms raised E52m in Q1
Irish technology firms raised a total of E52m from investors in the first quarter of this year, deemed a credible enough performance but with ominous signs that that seed capital funds may be drying up.
29 May 2013
Apple looks to innovation, shrugs taxes
Apple Inc Chief Executive Tim Cook defended the company's record of innovation under his stewardship, saying he expected it would
29 May 2013
Asian retail demand for gold lifts price
Asian gold demand from this April to June will reach a quarterly record as bullion consumers in the region take possession of supply freed up by
29 May 2013
Profit takers drive FTSE lower
British blue chip shares fell today as investors took the previous session's sharp rise as a reason to take profits and retailer Mark and Spencer
29 May 2013
ISEQ sharply lower-Grafton examined
The ISEQ is a lot lower this morning at 4,068, a fall of 37 points already this morning as Asian markets began to re-evaluate yesterday's positive US
29 May 2013
23 days leave every year-Lucky you
So you think that you're paid holidays are just not enough then consider The United States where employers have no legal obligation to provide paid
29 May 2013
European equity markets fall from highs
European shares fell early today, with a blue-chip index slipping from a near-two year high hit in the previous session, although the recent rally
29 May 2013
Roundup-Revenue tackles transfer pricing
The Revenue has advertised for a new resource to help it implement the transfer pricing rules that oversee important aspects of foreign direct
29 May 2013
Cost of structural reform? A generation
German Finance Minister Wolfgang Schaeuble warned on Tuesday that failure to win the battle against youth unemployment could tear Europe
29 May 2013
Irish Corp. Tax story keeps running
For the giants of Silicon Valley, the fall from freedom's children to social pariah has been something of a Shakespearean reversal of fortunes
29 May 2013
Futures point to lower open in Europe
European stock index futures pointed to a lower open today, with strong U.S. economic data reigniting concerns that the Federal Reserve could scale
29 May 2013
Asian markets pause despite US highs
Asian shares and the Australian dollar eased today as strong economic data rallied U.S. stocks to record highs, throwing market focus back on to the
28 May 2013
Origin helps ISEQ to multi-year high
The ISEQ benchmark index rose to levels last seen five and a half years ago led by a near 10pc jump in Origin Enterprises stocks on the back of solid results.
28 May 2013
Aldi, Lidl ringing up Irish market share
The Irish grocery market is becoming increasingly tough for the traditional multiple retailers as cash-strapped shoppers continue to flock to the discount stores.
28 May 2013
Irish TDs chair audit, aid rules meeting
Reform of auditing and state aid regulations and the Horizon 2020 research investment programme will be among the main agenda items at an EU meeting this week.
28 May 2013
US consumer confidence at 5-year high
U.S. consumer confidence strengthened in May to the highest level in more than five years, suggesting Americans' attitudes were resilient in the face of belt-tightening in Washington, a private sector report showed today.
28 May 2013
Wall St up 1pc on Central Bank comments
U.S. stocks rallied more than 1 percent today as supportive comments from central banks around the world reassured investors that monetary policies designed to support the global economy would remain in place.
28 May 2013
Nowotny: Don't cut rates, boost lending
The ECB is looking at ways to boost banks' liquidity rather than cutting interest rates, ECB policymaker Ewald Nowotny said in an interview with Reuters.
28 May 2013
Signs of recovery in US housing market
U.S. single-family home prices rose in March, racking up their best annual gain in nearly seven years as the housing recovery continues to provide a source of strength for the economy, a closely watched survey showed today.
28 May 2013
PJ Clarke to be new Tesco Ireland boss
A new CEO has been appointed to Tesco Ireland.
28 May 2013
Ireland 2nd in world for plain pack cigs
Ireland is set to become the second country in the world to have plain packaging for all tobacco products.
28 May 2013
Cheer up: We're 11th happiest in world
Ireland has ranked 11th in a list of the happiest nations in the world.
28 May 2013
ISEQ soars to new 5 and half year high
The ISEQ benchmark index rose to levels last seen five and a half years ago led by a near 10pc jump in Origin Enterprises stocks on the back of solid results.
28 May 2013
CIF: Invest E1bn to create 10k new jobs
Investing E1 billion in the construction sector would create at least 10,000 jobs and would lead to at least half the expenditure being returned to the State if the work goes to Irish companies and Irish workers.
28 May 2013
Bibby Ireland pre-tax profit up 28pc
Bibby Financial Services Ireland (BFSI) today announced 28pc growth in pre-tax profits for 2012 following a year of record levels of funding.
28 May 2013
Germany warns on maverick bank action
Germany's financial watchdogs today warned against unilateral action by national regulators, as the United States considers tougher capital rules for foreign banks.
28 May 2013
Average earnings hold in 1st Quarter
Preliminary estimates from the CSO show that average weekly earnings were E696.59 in the first three months of this year, very slightly down on E696.67 in Q1 2012.
28 May 2013
Markets lifted by central bank boost
Investors seized on clear signs of policy support from Japanese and European central banks today, driving world shares higher and denting appetite for safe-haven German bonds.
28 May 2013
Trips to Ireland up 4pc in Feb to April
In the period February - April of this year, the total number of trips to Ireland increased by 4.0pc to 1,457,400 - an overall increase of 56,300 compared to the same period twelve months earlier.
28 May 2013
Bank group says housing market on the up
There are clear signs of renewed buyer confidence in the housing market with a trend of increasing mortgage draw-downs and signs of a shortage of family homes on the market in Dublin.
28 May 2013
Central Bank warns on investment firm
The Central Bank today published the name of an unauthorised investment firm, The Celtic Group LLC (Ireland).
28 May 2013
No sign of upturn in April retail sales
The long-awaited upturn in retail sales failed to materialise in April with sales volumes up just 0.2pc in compared to March 2013 while there was a decrease of 0.5pc in the annual figure.
28 May 2013
Almunia to seek more Google concessions
EU regulators are likely to demand fresh concessions from Google once they have received feedback from rivals on the Internet search giant's proposals to settle anti-competitive complaints, the EU's antitrust chief said today.
28 May 2013
Dublin drug developer secures E9m funds
Trino Therapeutics, a drug discovery and early drug development company focused on anti-inflammatory therapeutics, today announced that it has raised more than E9 million (USD12m) in Series A financing from new investors.
28 May 2013
Economist: Austerity is choking recovery
The Government's austerity policy is choking the early signs of economic recovery, according to Jim Power, Chief Economist, Friends First, on the publication of his Economic Outlook today.
28 May 2013
Just hours left to file for Property Tax
Householders have until midnight tonight to file their Local Property Tax returns or face potential penalties.
28 May 2013
Investec outlook sees economy stability
The latest Investec Irish Economy Monitor out today has left its forecast for another year of modest economic growth unchanged for Ireland.
28 May 2013
FTSE catches up with rest of Europe
Britain's top share index rose today, buoyed by the prospect of continued monetary easing and catching up with Europe after a public holiday
28 May 2013
ISEQ rises-Retail sales expect a decline
The ISEQ is higher this morning at 4,099, up 20 points on yesterday as The UK and US markets reopen following Monday's holiday.
28 May 2013
Iran pulls out all the stops to sell oil
Iran has offered insurance to Indian refiners in a bid to boost its crude sales, industry sources said, though some oil executives warned the plan
28 May 2013
European markets rally, may test records
European shares rose today, with investors in Britain catching up with the previous day's gains after returning from a long weekend
28 May 2013
Chinese labour costs rise by 64 percent
Chinese labour is fast becoming the best-paid in all of Asia. Per capita labour costs climbed by more than 60 percent between 2009 and 2012
28 May 2013
Roundup-US group to buy 16 properties
California-based investment group Kennedy Wilson is close to securing a portfolio of 16 commercial properties in Ireland formerly connected with
28 May 2013
Weather conditions impact on Origin
Agri-services group Origin Enterprises has reported a 5.2pc decline in revenues for the third quarter. But revenues for the nine months
28 May 2013
China's property bubble continues
China's loose monetary policy and strong pent-up housing demand will drive up home prices in 2013, but government cooling measures,
28 May 2013
Mobile operators questioned on Apple
EU antitrust regulators are seeking information whether Apple's iPhone distribution deals with mobile telecoms operators
28 May 2013
Austerity ended? Mostly just talk
To listen to some European leaders, especially in France, you would think the era of austerity was over and the euro zone was going full steam ahead
28 May 2013
Nikkei stabilises with 1.2pc rise
Japan's Nikkei share average rose 1.2 percent today, managing to regain a degree of stability
28 May 2013
Futures point to further stock gains
European stocks were set to gain for a second session today, with futures opening higher as British investors returned from a long weekend
28 May 2013
Futures point to further stock gains
European stocks were set to gain for a second session today, with futures opening higher as British investors returned from a long weekend
27 May 2013
ISEQ rebound led by Aer Lingus
The ISEQ rebounded this afternoon with Aer Lingus leading the field as analysts praise the airlines moves to deal with its pension.
27 May 2013
Germans run in to trouble on Tobin Tax
German government officials are playing down prospects for introducing a financial transaction tax in the near future after a member of the opposition Social Democrats (SPD) broke ranks and described the project as "rubbish".
27 May 2013
A Lingus launch High Court case
Aer Lingus today launched a High Court action in an attempt to have a Takeover Panel ruling that could mean Ryanair might try to take Aer Lingus over again quashed.
27 May 2013
Govt marshalls forces refuting tax haven
The Government is preparing to officially reject accusations by U.S. Senators this week that it acts as a tax haven for large multinationals and launch a diplomatic offensive to repair the damage done to its reputation abroad.
27 May 2013
Investors seek to buy Club Med
Club Mediterranee's top shareholders plan to take over the French holiday firm in a bid that values it at around 541 million euros, to accelerate its shift to fast-growing emerging markets.
27 May 2013
Irish and US science funders sign deal
Science Foundation Ireland (SFI) today announced the details of a partnership with the National Science Foundation (NSF) in the United States.
27 May 2013
Schaeuble says No to ESM bank aid
European countries should be under no illusion that they can shift responsibility for problems in their national banking sectors to the bloc's rescue mechanism, German Finance Minister Wolfgang Schaeuble said today.
27 May 2013
Mafic to create 70 jobs in Co Meath
Mafic (Black Basalt) Ireland Limited will create 70 jobs over the next three years with a multi-million Euro investment in their new production facility in Kells, Co. Meath, under the Succeed-in-Ireland Initiative.
27 May 2013
Valeant buy Bausch Lomb for US8.7bn
Valeant Pharmaceuticals International said today it has agreed to acquire eye care company Bausch and Lomb Holdings from Warburg Pincus LLC for $8.7 billion in cash.
27 May 2013
Renault shrug off electric car setback
French carmaker Renault said the collapse of a joint venture aimed at making electric cars more appealing would not hold back its plans for battery-powered vehicles.
27 May 2013
RBS take on Pain to steer conduct
State-backed British lender Royal Bank of Scotland has appointed Jon Pain, a former director at the country's financial services regulator, as its new head of conduct, it said today.
27 May 2013
Aer Lingus shares lift ISEQ in morning
With much of Europe off on holidays, the ISEQ put in a quiet day's trading today but with Aer Lingus stocks flying thanks to its pension move.
27 May 2013
Aztec Money to create 100 jobs in Dublin
Aztec Money, an international finance company, today announced that it is to set up its global headquarters in Dublin with the creation of 100 jobs.
27 May 2013
European shares regain some lost ground
European stocks, bonds and the dollar traded more calmly today after last week's turbulence, though another 3 percent dive in Japan's Nikkei kept investors on edge.
27 May 2013
Oil prices fall towards USD102 a barrel
Brent oil crude futures fell towards $102 per barrel today, due to weak economic outlook in a well-supplied market, with oil producer cartel OPEC unlikely to shift policy at a meeting this week.
27 May 2013
Ireland 3rd top tax haven for US firms
Ireland is the third most common jurisdiction for US corporations to funnel profits through in order to avail of low tax rates, according to TCD academic, Jim Stewart.
27 May 2013
Hint of hope in new construction survey
Some 63pc of construction companies are currently engaged in onsite construction activity, according to a new survey by the Construction Industry Federation (CIF), which offers some hint of at least stability in the sector.
27 May 2013
Just quarter of 15-24 year olds at work
Just a quarter of people aged between 15 and 24 are working, down from half before the recession, figures out today from the Small Firms Association revealed.
27 May 2013
Rise in Irish bankruptcy tourists to UK
There has been a recent sharp rise in the numbers of Irish people seeking bankruptcy in British courts, according to the UK's Insolvency Service.
27 May 2013
3 Ire extend sponsorship of Irish team
Mobile network, Three Ireland, today announced the extension of its partnership with the Irish National football team and the Football Association of Ireland to 2016 in a deal worth an additional E4 million.
27 May 2013
Mortgage approvals rise in April
The latest figures from the IBF Mortgage Approvals Report, published today, show an increase of 22.8pc in the number of new mortgages approved in April compared to the previous month.
27 May 2013
Fiat leads European market gains
European shares rebounded today from sharp falls last week, with carmaker Fiat one of the biggest gainers, as technical signs that the equity
27 May 2013
Switzerland just keeps growing
What country in Europe has continued to grow while it's neighbours have slipped quietly into recession.? The answer is Switzerland and the reaso
27 May 2013
ISEQ rises-AIB on track with mortages
The ISEQ is a little higher this morning at 4,058, up 12 points from Friday's close as European markets rebound again from last week's losses
27 May 2013
European stocks rebound from losses
European shares rebounded today from sharp falls in the previous week, as traders used technical signs that the equity market's long-term bullish
27 May 2013
Thailand extends rice subsidies again
Thailand has pledged to renew its controversial rice-buying scheme for a third year, defying opposition over a policy that has been blamed for
27 May 2013
Roundup-Barryroe could generate 4.5B
Providence Resources' oil find at Barryroe, off the coast of Cork, could generate taxes of E4.5bn over the life of the well, according to a new report
27 May 2013
OPEC not calling all the shots on oil
An International Energy Agency report released earlier this month forecast U.S. shale oil supply will help meet most of the world's new demand in the
27 May 2013
Asian markets start the week lower
Japan's Nikkei index slid more than three percent today, extending last week's severe volatility and leading investors to worry that a bout
27 May 2013
More Irish apply for UK bankruptcy
Figures from Britain's Insolvency Service show a significant rise in the number of people with Irish addresses applying for bankruptcy in
27 May 2013
Oil slips again on weak demand
Brent crude slipped towards $102 per barrel today, extending last week's 2 percent drop, as a weak economic outlook in a well-supplied market
27 May 2013
Yuan hits new record highs
China's yuan hit a record high against the dollar today for the seventh time this month after the central bank set the
27 May 2013
Futures point European markets rise
European stock index futures pointed to a rebound today, in a quiet session with the U.S. and UK markets shut.
24 May 2013
ISEQ closes the week a tad higher
The ISEQ shook off three days of losses today to close the week slightly higher despite unease in global markets over the direction the US Fed will take on its stimulus package.
24 May 2013
News Corp begins spin off process
News Corp set the distribution ratios for the spinoff of its publishing business, which may start buying back stock right away.
24 May 2013
Euro equities struggle to make headway
European shares fell for a second consecutive session today, led by financials on concern over growth in Asia and the potential scaling back of U.S. monetary stimulus.
24 May 2013
Intel spend USD1.5m on research in Cork
Intel today announced details of the second phase of its research investment at Ireland's leading ICT research Institute, the Tyndall National Institute at University College Cork.
24 May 2013
Iceland PM rejects EU, embraces EU goals
Iceland must find stability by aiming for the same economic goals as those set for EU states, even though it is sceptical about joining the EU and will keep its own currency, the new prime minister said.
24 May 2013
Wall St falls as Fed plan is eyed
U.S. stocks fell at the open today, putting Wall Street on track for its first weekly decline since mid April, amid concern the U.S. central bank may scale back its support to the economy.
24 May 2013
Atlantic research treaty inked in Galway
Ireland, and Galway in particular, today sees the signing of an historic agreement between the EU, the US and Canada, all of whom share a North Atlantic coastline.
24 May 2013
HSBC Chairman seeks regulatory reform
HSBC's Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticised by shareholders for compliance failings and accusations it aided tax avoidance.
24 May 2013
Petroceltic gives up on Bulgarian well
Irish energy prospector, Petroceltic International today said it will abandon an exploration well off the Bulgarian coast that failed to yield enough gas to justify commercial production.
24 May 2013
Global oil prices set for a big fall
Oil was poised to post its biggest weekly loss in more than a month as Brent fell below $102 per barrel today, pressured by ample supply and a sluggish economic recovery that could dent demand for fuel.
24 May 2013
US indicator points to factory strength
Orders for long-lasting U.S. manufactured goods rose more than expected in April, a sign of resilience in the factory sector despite belt-tightening in Washington and weakness in overseas markets.
24 May 2013
IPSO review after Ulster Bank debacle
The Irish Payment Services Organisation (IPSO) has completed an external review for the Central Bank after last year's debacle at Ulster Bank and found that greater risk assessment is needed in banks.
24 May 2013
ISEQ slips for third day in a row
The ISEQ fell again this morning marking three days of mostly modest falls while staying above the 4,000 level.
24 May 2013
Adidas-Puma rivalry ahead of big match
German sportswear makers Adidas and Puma will renew their own decades-old rivalry when Bayern Munich and Borussia Dortmund meet in the Champions League Final at Wembley tomorrow.
24 May 2013
Big fall in number of firms wound up
The Irish High Court has heard petitions to have 45 Irish companies wound-up this year so far - a drop of almost 38pc on the same period in 2012, according to figures from Vision-Net today.
24 May 2013
Irish American philanthropist Moore dies
George Moore, an Irish businessman and entrepreneur who made a fortune in the US and devoted much of his life to good causes has died.
24 May 2013
European shares head lower this morning
European shares edged lower today, led by auto and banking shares as investor sentiment remained shaky on concerns about a possible rolling back of U.S. monetary stimulus.
24 May 2013
CPA Ire say firms crying out for support
The President of the Institute of Certified Public Accountants in Ireland (CPA Ireland) has called for increased supports to help Irish entrepreneurs and leaders of SME companies maximise their exporting potential.
24 May 2013
Central Bank warns on investment firm
The Central Bank today published the name of an unauthorised investment firm, Nelson Capital Advisors.
24 May 2013
Exporters seek growth stimulus from Govt
Exporters today called for a major growth stimulus package now to avoid long term damage to Ireland's export and economic prospects.
24 May 2013
CRH number 1 in Ireland's Top 100 firms
CRH remain the top performing firm, with a turnover of E18.7 billion, followed once more by Microsoft and Google.
24 May 2013
Construction boom to lift German growth
German economic growth is expected to increase considerably in the second quarter thanks in part to an "immense" pick-up in construction activity, Ifo economist Klaus Wohlrabe told Reuters today.
24 May 2013
Cork bakers on the rise after funding
Cork-based Delicious, The Gluten Free Bakery has received investment of E175,000 from private business angel investors, with additional funding also received from Enterprise Ireland, setting it up for growth.
24 May 2013
Surprise rise in German business morale
German business morale rose far more than expected in May, rebounding after two consecutive falls and suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter.
24 May 2013
RSA Ireland buys AonInsure business
RSA Insurance Ireland today announced the acquisition of the Personal Lines Insurance business currently managed by AonInsure.ie for an undisclosed sum.
24 May 2013
Report shows Irish hotel sector improves
Almost three out of four Irish hotels expect their business to improve in the next three years while more than half saw turnover increase last year.
24 May 2013
ISEQ rises-Glanbia examined in detail
The ISEQ is higher morning at 4,049, up 9 points from yesterday's correction as European markets saw an early bounce back but
24 May 2013
European stocks bounce back
European shares edged up today, staging a small technical bounce after their biggest one-day fall in nearly a year.
24 May 2013
Roundup-Repossessions inevitable
In an unusually forceful statement yesterday, the governor of the Central Bank and head of the financial regulator Patrick Honohan told
24 May 2013
Wait for inflation before removing QE
A top Federal Reserve official said today U.S. inflation would have to pick up before he voted to scale back monetary policy stimulus and that this
24 May 2013
Bruton announces 100 new jobs
Up to three companies are set to create more than 100 new jobs over the next three years as part of a E4 million injection from four investors
24 May 2013
Oil futures to post record falls
Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per barrel today, as ample supply and
24 May 2013
Higher real wages in Germany give boost
Higher real wages have German consumers feeling more inclined to spend than at any point since the U.S. subprime crisis, further boosting
24 May 2013
Futures point to European rebound
European stock index futures pointed to a rebound today as bargain hunters move in following the previous session's sharp sell-off
24 May 2013
Why is China's bubble different to Ire.
While it is generally acknowledged that the Chinese property market is seriously overvalued there is little agreement about the solution in China
23 May 2013
ISEQ falls on US stimulus fears
The ISEQ fell today in line with global equities and commodities as the US Fed cast doubts about its long-term commitment to economic stimulus.
23 May 2013
Pension won't have to match bank cap
Pension funds in the EU will not be required to increase their capital in the same way as banks and insurers will have to, under draft rules due later this year, the EU's top regulatory official said today.
23 May 2013
US call on EU to prevent stagnation
The United States today called on Europe to act decisively to boost its economy and counter the risk of a protracted stagnation that would undermine economic growth in America.
23 May 2013
Cork firm wins E7m UK contract
Clonakilty-based, Ion Equity-owned tech firm, SouthWestern, has won a contract in the UK worth E7m.
23 May 2013
Wall St falls on stimulus plan unease
U.S. stocks dropped today, with the S and P 500 on pace for its first back-to-back daily drop in a month amid investor concerns the U.S. Federal Reserve's stimulus may be scaled back sooner than hoped and after weak data in China.
23 May 2013
One51 get extension on E115m debt
Investment group, One51 today said that it has reached agreement with its existing syndicate of six banks to extend a E115 million banking facility to the Group out to 31 December 2014.
23 May 2013
EU backs French in US trade deal talks
European Union lawmakers voted today to limit the scope of a proposed free-trade deal between Europe and the United States, backing French demands to leave out culture and potentially irritating Washington.
23 May 2013
Apple near tax free in Ireland since 80s
Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest country, former company executives and Irish officials have said.
23 May 2013
Honohan talks of ending arrears crisis
The "wait and see" what happens period for solving the huge problem of mortgage arrears is now long over and now is the time to implement solutions, the Central Banbk Governor, Patrick Honohan, said today.
23 May 2013
Govt publish pay Bill after LRC talks
The Government has published approved text of new legislation to give effect to the draft agreements arrived at during the recent LRC process.
23 May 2013
Food sector polarised by Hybrid Consumer
The Irish food sector is becoming increasingly polarised by the Hybrid Consumer - where shoppers opt for the lowest priced staples and then splash out on high-end luxury foods with the money saved.
23 May 2013
ISEQ falls in line with global markets
The ISEQ fell sharply this morning in line with global equities and commodities as the US Fed cast doubts about its long-term commitment to economic stimulus.
23 May 2013
UK regulator fines JP Morgan Stg3m
Britain's Financial Conduct Authority (FCA) said it has fined a wealth management unit of U.S. bank JPMorgan Chase 3.08 million pounds for being unable to show it was giving clients the right advice.
23 May 2013
Irish online sales now worth over E4bn
Online spending is rising rapidly and now accounts for more than 15pc or E4.1 billion of sales by Irish retailers annually, according to the latest Online Retailing Survey 2013 from Retail Ireland.
23 May 2013
Flybe quits Gatwick to save money
Struggling British airline Flybe will quit its main London hub at Gatwick airport and has pushed back the delivery of 16 new aircraft to help it return to profitability.
23 May 2013
Lagarde in court over E285m payment
IMF chief Christine Lagarde was questioned in court by a French magistrate today over her role in a 285-million-euro arbitration payment made to a supporter of former president Nicolas Sarkozy.
23 May 2013
Irish firm launch 3D mobile game engine
Havok, the Emmy award winning Irish technology company which provides interactive software solutions for the global games and entertainment industries, has unveiled Project Anarchy.
23 May 2013
Irish shipping volumes up in 1st quarter
Irish shipping and port activity rose by 2pc in the first quarter of 2013 when compared to the corresponding period of 2012, according to the latest quarterly iShip Index published today by the Irish Maritime Development Office (IMDO).
23 May 2013
Study shows loan arrears drag on economy
A new study by a Central Bank economist has concluded that the large number of Irish households struggling with arrears represents a major drag on consumption and on the overall economy.
23 May 2013
Chopra: Irish banks could get ESM cash
The European Stability Mechanism could be used to provide further capital to banks in Ireland according to IMF director Ajai Chopra.
23 May 2013
Govt provide E6.9m for science projects
Minister for Research and Innovation, Sean Sherlock, has today announced Government funding through Science Foundation Ireland (SFI) of E6.9 million encompassing 62 research awards.
23 May 2013
World markets dip on US stimulus move
Share markets fell sharply today as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals that the U.S. central bank may soon scale back its stimulus programme.
23 May 2013
Dublin digi-start up to create 16 jobs
A Dublin-based digital start-up firm is to create 16 jobs after securing E600,000 in funding.
23 May 2013
Tullow gives up on Norwegian well
Lundin Petroleum, Tullow Oil's partner on the Carlsberg prospect in the Norwegian North Sea, said today that it has plugged and abandoned a prospect.
23 May 2013
Taoiseach to meet Greek Prime Minister
Taoiseach Enda Kenny will travel to Athens today to meet Greek Prime Minister Antonis Samaras.
23 May 2013
European markets in a tailspin on Fed
European shares went into a tailspin early this morning, spooked by concerns that the U.S. Federal Reserve could soon taper its stimulus
23 May 2013
German private sector stagnating
Germany's private sector contracted very slightly in May as firms lacking new orders cut jobs, a survey showed today, suggesting Europe's largest
23 May 2013
EU recession may be easing, PMI
Markit's flash Eurozone Services PMI, which surveys around 2,000 companies ranging from major banks to caterers, rose in May to 47.5, a three-month
23 May 2013
ISEQ sharply lower, Bernanke blamed
The ISEQ is sharply lower this morning at 4,035, down 33 points as European markets were not happy with Ben Bernanke's comments and are all
23 May 2013
How will tax issues play out for Ireland
There are more than 1,000 multinationals with operations in Ireland, employing about 150,000 people. The strength of this sector
23 May 2013
France still stuck in recession
French business activity retreated again in May despite a slight improvement in manufacturing, a survey showed today, offering little hope
23 May 2013
Roundup-Some write downs of mortgages
About 20,000 mortgages relating to private dwellings are in arrears of 90 days or more with PTSB. Chief executive Jeremy Masding said that
23 May 2013
Only one Corporate tax rate in Ireland
European Union leaders are reported to have made progress on several initiatives to crack down on tax fraud and tax evasion
23 May 2013
Ford shuts Australian facilities on cost
Ford Motor Co will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers
23 May 2013
Asian markets sell-off on Fed and China
Hawkish comments by U.S. Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rattled Asian markets today,
23 May 2013
Futures point European stocks lower
European stock futures pointed to a sharply weaker start today after a poor factory activity survey from China and on concerns the U.S. Federal
23 May 2013
Chinese factory orders dip for 1st time
China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary manufacturing survey showed
22 May 2013
Grafton St to get a E4m makeover
Dublin City Business Improvement District (BID), which represents 2,500 businesses in Dublin City Centre, today said the business community welcomed the Grafton Street Improvement Scheme.
22 May 2013
ISEQ sheds losses after Fed statement
The ISEQ shed its morning losses today after the top U.S. central banker reaffirmed his commitment to continued stimulus.
22 May 2013
UK's Milliband slams Google on tax
Google's tax affairs came under renewed scrutiny in Britain today when the leader of the opposition Labour party accused the Internet company of wrongly going to "extraordinary lengths" to avoid paying tax.
22 May 2013
FTSE closes at a 13 year high
Growth sensitive sectors drove Britain's top share index to fresh 13 year highs, receiving a boost after the top U.S. central banker reaffirmed his commitment to continued stimulus.
22 May 2013
EU to tighten securitised debt rules
European Union regulators have proposed tighter safeguards on sales of the type of securitised debt that became untradable in the financial crisis, forcing taxpayers to rescue banks.
22 May 2013
CIE reports E43m deficit for last year
CIE today posted a deficit of E43.1m for last year, before a once-off subvention payment of E36m from the Government and a near E19m pension cost adjustment.
22 May 2013
Wall St rises after Bernanke comments
U.S. stocks extended gains today, with both the Dow and briefly S and P 500 rising 1 percent after Federal Reserve Chairman Ben Bernanke gave no indication that the central bank would retreat from its latest round of bond buying.
22 May 2013
Bernanke gives no hint of Fed easing end
The Federal Reserve's monetary stimulus is helping the U.S. economy recover, and the central bank needs to see further signs of traction before taking its foot off the gas, central bank chairman Ben Bernanke said today.
22 May 2013
Savvy.ie plans to shake up deal market
Savvy.ie launched this week, billing itself as a unique proposition in buying, selling or investing in a business in Ireland.
22 May 2013
UK banks plan to shore up their cap base
State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the financial regulator, removing a barrier to the government offloading its shares.
22 May 2013
Ireland could reap re-shoring benefits
Ireland stands to reap the benefits from a new global trend in re-shoring, where corporations are increasingly shifting their division around the world.
22 May 2013
Ireland may see abrupt end to bond rally
Credit rating firms say that the rally in the sovereign bonds of highly indebted euro zone countries, including Ireland, that has pushed their borrowing costs down could go in to reverse again.
22 May 2013
ISEQ falls for second day, Fed eyed
The ISEQ fell for the second straight day today with global investors keeping an eye on this afternoon's speech from Federal Reserve chief Ben Bernanke.
22 May 2013
Central Bank identifies risks to economy
The Central Bank today published its latest Macro Financial Review in which it identified a number of risks facing the country, not lease the decline in our trading partners and our banks' ability to recover.
22 May 2013
Bruton calls for global tax clampdown
The international community needs to work together to stop large multinationals aggressively playing one country's tax code off against another, Minister for Enterprise Richard Bruton said today.
22 May 2013
IMF urges Britain to do more for growth
The International Monetary Fund called on Britain's government today to do more to speed up slow economic recovery, hinting that the country might be able to afford to borrow more to fund investment.
22 May 2013
Perm tsb to lend 9 times more this year
permanent tsb is back in the banking business with plans to approve lending of up to nine times more this year than in 2012, the Group's Chairman told its AGM today.
22 May 2013
Dublin Declaration frames EU innovation
A major two day international Open Innovation 2.0 conference closed in Dublin Castle last night with overwhelming agreement on the drafting of "The Dublin Declaration".
22 May 2013
Taoiseach joins EU leaders to talk tax
Taoiseach Enda Kenny joins European leaders to discuss how to combat aggressive tax avoidance by major companies such as Amazon, Google and Apple at a summit, and cut the estimated E1 trillion a year the EU loses in tax.
22 May 2013
Dubliners on top incomes, Donegal lowest
Dublin has the highest disposable income per person, followed by Kildare and Limerick with the lowest disposable income per person in Donegal, according to figures from the CSO today.
22 May 2013
Wholesale prices rise 1.9pc in April
Monthly factory gate prices increased by 0.3pc in April 2013 compared to a decrease of 0.5pc for April of last year bringing the annual percentage change showed an increase of 1.9pc in April 2013, latest CSO data shows.
22 May 2013
Irish corporate deals top E5.5bn in Q1
Irish trade sales, buyouts and acquisitions figures for the first quarter of this year shows that deal values topped E5.5 billion, largely thanks to Elan's Tysabry drug asset disposal.
22 May 2013
Britvic to merge Irish and British units
Soft drinks maker, Britvic, today said it is to combine its British and Irish operations under a single leadership team as part of a major cost saving programme.
22 May 2013
IDA boss rejects tax haven claims
Ireland's tax regime is totally transparent and in no way could this country be described as a "tax haven", IDA Ireland Chief Executive Barry O'Leary said this morning.
22 May 2013
Card fraud losses slump 21pc last year
There was a major decrease of 21pc in the value of credit and debit card fraud losses in Ireland in 2012, latest figures show.
22 May 2013
Total Produce confirm 2013 EPS target
Fresh produce company, Total Produce, today said that its previously announced target of adjusted earnings per share in the range of 8.00 cent to 8.80 cent remains unchanged.
22 May 2013
Ashford Castle sold to Red Carnation
The iconic Ashford Castle in Cong, Co, Mayo has been sold to Red Carnation Hotels for around E20m.
22 May 2013
Firms donate over E21m to Irish charity
Forty six socially minded Irish companies have formed over 4,800 community partnerships and donated over E21.3 million to charity last year.
22 May 2013
France's Holland is Alice in Wonderland
French President Francois Hollande's predicament is, oddly enough, akin to one Alice faced in Lewis Carroll's 19th century classic.
22 May 2013
FTSE eases back-Bernanke awaited
Britain's FTSE 100 weakened early today after hitting 13-year highs in the previous session, as investors looked for further clues from the U.S
22 May 2013
Saved the Euro-What now for ECB?
Almost a year after ECB President Mario Draghi vowed to do whatever it takes to save the euro, a key indicator of euro zone tension is much
22 May 2013
ISEQ steady-Total Produce examined
The ISEQ is down a little this morning at 4,047, a drop of just 12 points as European markets hold recent gains and look to Ben Bernanke later today
22 May 2013
Intel refocuses on innovation
Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping company reorganization and created a unit aimed at growing its
22 May 2013
European markets in steady opening
European shares steadied near multi-year highs today, as caution ahead of testimony from the head of the U.S. Federal Reserve later in the day
22 May 2013
Roundup-Deep Kinsale may have oil
An independent assessment of explorer Fastnet Oil and Gas's Deep Kinsale target off the south coast indicates that it could contain 2.3 billion
22 May 2013
Aer Arann looks to add 50 new jobs
Aer Arann - which operates the Aer Lingus Regional flights - has said it will create 50 jobs over the next 12 months and wants to double its
22 May 2013
Britvic cuts costs, closes plants
British soft drinks maker Britvic will close two factories and a warehouse in the UK and roll out the Fruit Shoot brand in India as part of a new
22 May 2013
Apple's Irish tax deal examined
Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country
22 May 2013
Dollar stable, awaiting Bernanke comment
The dollar languished well below last week's 4-1/2-year high against the yen today, ahead of testimony from the U.S. Federal Reserve chief after two
22 May 2013
Futures point markets in mixed direction
European stock index futures pointed to a mixed open today, with the market's month-long rally taking a breather ahead of U.S. Federal Reserve
21 May 2013
ISEQ closes flat after earlier losses
The benchmark Irish index closed flat today after initial losses as investors consolidated profits from historic gains on the ISEQ and with all eyes on the Fed in the US for direction on economic stimuli.
21 May 2013
EU unveils its caps on bank pay bonuses
EU regulators confirmed today they will cap bonuses of bankers earning more than 500,000 euros a year and added other conditions to make the pay ceiling harder to smash.
21 May 2013
CIF has plan to stamp out nixer culture
The Construction Industry Federation (CIF) has published a range of proposals aimed at clamping down on the black economy in the construction sector.
21 May 2013
Senate again blasts Apple over Irish tax
Apple came under fire today at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government.
21 May 2013
Wall St up slightly, eyes on Fed
U.S. stocks opened slightly stronger today after the S and P 500 hit yet another intraday record in the previous session.
21 May 2013
How Apple uses Ireland to cut tax bill
Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.
21 May 2013
Shell says hunt for new CEO is underway
The hunt for Royal Dutch Shell's next chief executive is underway, its chairman said today, after CEO Peter Voser made what could be his last appearance at the oil group's annual shareholder meeting.
21 May 2013
EU urged to speed up banking union
The EU must make much faster progress in creating common supervision and rules for its banking sector, Italian Prime Minister Enrico Letta said today the day before an EU summit in Brussels.
21 May 2013
Unions have Croke Pk II draft proposals
Public sector unions now have draft proposals for agreement on a possible Croke Park II deal for consideration under their own rules and procedures, Minister Brendan Howlin said today.
21 May 2013
Profit takers break ISEQ winning streak
Profit taking was the order of the day this morning as investors took stock from an impressive rally that say the Irish benchmark index hit highs last seen over five years ago.
21 May 2013
US cracks down on meat import labels
The United States is poised to introduce stricter rules on the labelling of meat imports this week, a move that is likely to heat up a simmering trade dispute with Canada and Mexico.
21 May 2013
Oil prices fall on Fed move fears
Brent oil futures fell towards $104 per barrel today, on concerns that the U.S. Federal Reserve might scale back its quantitative easing programme, which could damage fragile demand.
21 May 2013
Paragon to set up a UK bank next year
British buy-to-let mortgage provider Paragon plans to set up a bank next year, taking advantage of new rules designed to encourage competition to Britain's established lenders.
21 May 2013
Govt: don't blame us for Apple's tax
The Tanaiste said today the Government is not to blame for Apple's low global tax payments after the U.S. Senate said the company paid little or nothing on tens of billions of dollars in profits stashed in Irish subsidiaries.
21 May 2013
William Fry appoint 3 new partners
Law firm William Fry today announced the appointment of three new Partners.
21 May 2013
Bundesbank says Germany to recover in Q2
Germany, the euro zone's largest economy, is on track for a solid recovery thanks to a pick-up in demand for its products from abroad, the Bundesbank said today.
21 May 2013
FTSE edges towards 13-year high
Britain's benchmark share index steadied at near-13-year highs early today, as rallies in outsourcing companies Capita and G4S offset a sharp fall in cruise operator Carnival Corporation.
21 May 2013
Neil Pakey is new Shannon Airport CEO
The Board of Shannon Airport Authority plc today announced the appointment of Neil Pakey, former boss at Liverpool's John Lennon Airport, as the company's new CEO.
21 May 2013
Smartphone surge lifts Vodafone Ireland
Vodafone Ireland today said that it added 227,000 smartphone subscribers in the last 12 months, a 29.2pc year-on-year increase, leading to a total of 1.01m of its customers now using a smartphone.
21 May 2013
Nodafone feels the pinch in Europe
Vodafone posted the largest ever fall in its main revenue measure today, forcing it to keep a dividend from its healthy U.S. arm to compensate for a slump in southern Europe.
21 May 2013
M and S see 2nd year of falling profits
British retailer Marks and Spencer posted its lowest annual profit since 2009 today as a struggling clothing and homewares division dragged on growth in food sales.
21 May 2013
Euro shares fall from multi-year highs
European shares fell from multi-year highs today, with the UK market having hit a near 13-year peak this week, as concerns over a possible end to central bank stimulus measures halted the region's equity rally.
21 May 2013
Greencore revenues stable in half year
Irish-based Greencore, one of the biggest producers of convenience foods in these two islands and an emerging force in the US, today reported a 0.9pc revenue rise in tough conditions in its first half trading.
21 May 2013
Glanbia's boss John Moloney to retire
John Moloney, Group Managing Director of Irish foods giant, Glanbia,, has notified the Board that he wishes to retire from this role and from the Board by the end of 2013.
21 May 2013
Australian mining boom peaks
A spate of profit warnings from Australian mining services firms suggests the country's "once-in-a-century" resources spending boom may
21 May 2013
It's rough business for rich of Hamptons
Judging by early demand for everything from doggie daycare to Ferrari rentals and fine art, rich Americans are going to make this a strong summer in one of
21 May 2013
Japanese warned about debt financing
A Japanese government panel warns there is "absolutely no guarantee" that domestic investors will keep financing the country's massive public
21 May 2013
British PM asks multi's to play fair
British Prime Minister David Cameron yesterday told Google's Executive Chairman Eric Schmidt and other business leaders that he expected
21 May 2013
Hostile Elan bid is raised with warning
Royalty Pharma raised its hostile bid for Elan to $12.50 per share and threatened to withdraw the bid if Elan shareholders approve a series of
21 May 2013
Apple nailed by Congress on Double Irish
Using an unusual global tax structure, Apple Inc has kept billions of dollars in profits in Irish subsidiaries to pay little or no taxes to any
20 May 2013
ISEQ rises to highest since Aug 2008
The ISEQ rose to its highest since August of 2008 today as Ryanair shares took off following their record profits and revenues for the year to the end of March last.
20 May 2013
European shares close higher
European shares edged to fresh five-year highs today, boosted by strength in German stocks and a travel sector lifted by a surge in Ryanair.
20 May 2013
Irish bank's April ECB drawdown stable
Drawings by Irish covered banks from the ECB's emergency cash fund declined by E0.1 billion (or -0.3pc) during April while deposits at Irish banks also remained stable, the Dept of Finance said today.
20 May 2013
US court to hear Medtronic patent case
The U.S. Supreme Court today agreed to hear a patent dispute concerning Medtronic Inc over medical devices it manufactures that give the heart electrical jolts when it fails to pump blood properly.
20 May 2013
Wall St opens lower after record highs
Wall Street opened weaker today as investors searched for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains Friday.
20 May 2013
Value of new mortgages down 66pc in Q1
The value of new mortgages issued in Ireland during the first quarter of this year fell by 66pc to E331m compared to the previous and was down 26.4pc compared to the same period a year ago.
20 May 2013
Yahoo to buy Tumblr for USD1.1bn
Yahoo said it is acquiring blogging service Tumblr for $1.1 billion cash, a bold bet by Chief Executive Marissa Mayer to revitalise the struggling Internet pioneer by co-opting a Web property with strong visitor traffic but little revenue.
20 May 2013
UK spotlight on M and S Irish tax
UK retail giant, Marks and Spencer has come under the spotlight from British tax campaigners over the way it structures its online sales to Europe for tax purposes through Ireland.
20 May 2013
Billionaire investor counts BoI best bet
U.S. billionaire Wilbur Ross said today that he considers his stake in Bank of Ireland as among the best in his portfolio.
20 May 2013
Ryanair extra charges helped lift profit
A sharp rise in earnings from add-on charges for items such as baggage and pre-assigned seating helped boost Ryanair's earnings above expectations in the past year, lifting its shares to a record high.
20 May 2013
Cork law firm to create 20 new jobs
Cork-based Ronan Daly Jermyn (RDJ), Ireland's largest regional legal firm, is set to create 20 new jobs over the next 18 months, it said today.
20 May 2013
ISEQ soars as Ryanair shares take off
The ISEQ soared by over 60 points this morning as Ryanair shares took off following their record profits and revenues for the year to the end of March last.
20 May 2013
Actavis buy Irish W Chilcott for E6.6bn
The largest US maker of generic drugs, Actavis, is to buy Irish headquartered specialty pharmaceuticals company Warner Chilcott in a stock deal valued at about $8.5 billion (E6.6bn).
20 May 2013
EU law to mean no more taxpayer bailouts
A European Union law up for a vote today will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said.
20 May 2013
Help for over 50s to set up own business
Over 50s are being encouraged to start a new business, using their transferrable skills amassed during time in the workforce.
20 May 2013
KBC Ireland to launch debit cards
KBC Bank Ireland and MasterCard have today announced a strategic partnership that will see the bank launch debit card services to its customers in Ireland later this year.
20 May 2013
RGDATA to Min: Publish Lottery Bill now
RGDATA, the organisation representing the independent retail grocery sector has called on the Minister for Public Expenditure and Reform to publish the draft licence to operate the National Lottery now.
20 May 2013
Survey: Firms struggle with late payment
Over a third - 36pc - of businesses expect that over a quarter of their sales will not be paid on time, InterTradeIreland's latest quarterly Business Monitor published today, shows.
20 May 2013
Dublin firms on a mission to London
Representatives from 55 Irish based companies will join Dublin Chamber of Commerce on a two day business mission to London tomorrow.
20 May 2013
G8 Summit a boost for whole island
Businesses in the Republic of Ireland, and in particular those in the hospitality sector in the border counties, will share in the economic benefits of the upcoming G8 Summit.
20 May 2013
12 year old Irish girl develops top App
A calculator developed by a 12-year-old girl and her Irish father has become the number one-rated app worldwide on Amazon's Android App Store.
20 May 2013
Call for business cost cut in Oct Budget
The Minister for Finance should cut business administration costs in October's Budget to save jobs and help firms to grow, Accounting Technicians Ireland has said.
20 May 2013
Irish spend more abroad than at home
The average Irish tourist spent E115 per night on hotel rooms when travelling abroad in 2012, according to the latest Hotels.com Hotel Price Index (HPI).
20 May 2013
Dunne owes Dublin third of a million
Developer Sean Dunne owes over a third of a million euros to Dublin City Council despite claiming in the USA that he owes nothing.
20 May 2013
Irish alcohol sales fall another 4pc
New figures from the Revenue Commissioners show that alcohol volumes in Ireland have declined by 4.4pc in the past 12 months, continuing a trend of falling consumption levels evident since 2001.
20 May 2013
Irish film producers do deals at Cannes
Irish film producers have been busy negotiating a number of international deals on their slate of film projects in Cannes this week.
20 May 2013
What a morning for the ISEQ !
It has been quite a morning for the ISEQ which is currently at 4,055, up 51 points as European markets are solid and Ryanair soars into the sky
20 May 2013
Ryanair shares hit the roof on results
Ryanair posted forecast-beating full-year earnings today, buoyed by strong growth in fares and a sharp rise in charges for items such as baggage and
20 May 2013
European markets hit new 5.5 year high
European shares extended gains to set a new five-year high for a fourth straight session today, with investors flocking to buy riskier assets such as
20 May 2013
Roundup-Ulster to re-enter Comm property
ULSTER Bank is to re-enter the commercial property market with a limited appetite to advance new real
20 May 2013
Japan sees real growth ahead
The Japanese government upgraded its assessment of the economy today, as emerging signs of an upturn in exports and factory output
20 May 2013
Record profits for Ryanair but caution
Ryanair posted record full-year earnings but warned profit growth would slow sharply in the coming 12 months on demand weakness in the
20 May 2013
Elan buys 2 firms,share buyback deal
Irish drug firm Elan agreed today to buy two private drug firms, spin-off its one experimental drug and buy back more shares to give a firmer idea
20 May 2013
Futures point European markets higher
European stock index futures pointed to a higher open today, boosted by signs of an improving global growth outlook.
20 May 2013
Thailand's "Irish property problem"
Thailand has an Irish type problem currently. It's State and banking credit rating has risen substantially in recent years as ours tanked and is
20 May 2013
Roadkill on the green highway
In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a
20 May 2013
Pattaya Thailand an effort to understand
Pattay is on the East Coast on the Gulf of Thailand and before the Vietnamese war it was a quaint little fishing village on the shores of the
17 May 2013
ISEQ closes the week above 4,000 mark
The ISEQ traded flat today, but managed - just about - to recover the 4,000 level reached on Wednesday as investors await leads.
17 May 2013
900 IBRC jobs safe for this year
Most of IBRC's 900 staff are expected to remain working with the bank's liquidator until the end of the year.
17 May 2013
US leading indicators hint at strength
A gauge of future U.S. economic activity in April rose to its highest level in nearly five years as firming housing and labour market conditions offset weakness in manufacturing, suggesting an anticipated growth slowdown would be temporary.
17 May 2013
Wall St rally just keeps jogging along
U.S. stocks advanced today, with the S and P 500 erasing declines in the previous session, putting the index on track for its fourth straight weekly advance as data helped support recent momentum.
17 May 2013
IBRC liquidators outline loan sales plan
The Special Liquidators of Irish Bank Resolution Corporation Limited - formerly Anglo Irish Bank - today said they have received new instructions from the Government on how its loans will be disposed of.
17 May 2013
US consumer mood highest in 6 years
U.S. consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects, particularly among upper-income households, a survey released today showed.
17 May 2013
IBRC won't pay compo to investors
The Investor Compensation Company Limited (ICCL) has been informed by the Central Bank of Ireland that it won't pay out compensation to investors.
17 May 2013
EBF Dublin meeting hails banking union
The Board of the European Banking Federation (EBF), meeting in Dublin today, noted the steady progress towards a Single Supervisory Mechanism and reiterated its support for the objectives of the Banking Union.
17 May 2013
Greek PM: Its Greekovery not Grexit
Greek Prime Minister Antonis Samaras has hailed kinder words from lenders and revived interest in the country's deeply-discounted bonds and stocks as a "Greekovery" to replace last year's "Grexit" catchphrase.
17 May 2013
New BoE chief may deliver stimulus
The Bank of England may have more scope to boost the economy after Mark Carney starts as governor because of tentative signs of lower inflation ahead, a member of its policymaking body said today.
17 May 2013
1 and 2c coins destined for the bin
Saving pocket change may not end the euro zone crisis, but the European Commission hopes that scrapping the smallest coins could help penny-pinching governments cut costs.
17 May 2013
ISEQ flat, hovers near 4,000 level
The ISEQ traded flat this morning, hovering around the 4,000 level reached on Wednesday as investors await leads.
17 May 2013
Storm over IRS scandal deepens in US
A U.S. House of Representatives panel today opens the first in a series of investigative hearings in Congress on the Internal Revenue Service's targeting of conservative groups.
17 May 2013
Oil edges up to USD104 but demand weak
Oil edged above $104 a barrel today, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rebound.
17 May 2013
Euro shares hold new multi-year highs
European shares held near multi-year highs in volatile trade on Friday, with some investors using early weakness as a buying opportunity and with carmakers cheered by signs of a revival in domestic sales.
17 May 2013
Work starts on E150m Glanbia Tipp plant
Work began today on construction of the Glanbia Ingredients Ireland Limited (GIIL) Belview facility, in County Kilkenny.
17 May 2013
Czech mates secures E17m for Irish firms
Irish companies in this week's Enterprise Ireland trade mission to the Czech Republic and Poland have secured new contracts with a potential value of E17m and agreed significant business alliances across a range of sectors.
17 May 2013
ECB can do only so much for SMEs
The ECB can only do so much to bolster lending to small- and medium-sized firms, ECB policymaker Benoit Coeure said today as the bank tries to secure the help of other EU institutions to tackle the problem.
17 May 2013
Tallaght schoolboys scoop robot award
A team of Dublin schoolboys recently scooped one of the top awards at the Open European Championships of the First Lego League robotics tournament.
17 May 2013
Petroceltic near Algeria farm-in deal
Irish oil and gas prospector, Petroceltic, today said that it is close to reaching a deal with a second farm in partner for the divestment of a further 18pc interest in the Isarene Permit in Algeria.
17 May 2013
Half SMEs in dark on finance options
Over half, 53pc, of business owners in Ireland lack understanding of asset-based lending according to results of the latest Close Brothers Business Barometer.
17 May 2013
Viridian to buy back Stg40m bond
All-island power and energy group Viridian will use cash in hand to buy back some £40m or 9.3pc of a currently held bond (Senior Secured Notes) due in 2017, it said today.
17 May 2013
IFG issues upbeat statement for Q1
Irish financial services provider, IFG, this morning said it continues to make progress driven by sound business fundamentals with sales at its UK James Hay partnership up 125pc.
17 May 2013
New US oil could keep prices below $100
Enhanced oil recovery (EOR) techniques could boost U.S. domestic oil production by 4 million barrels per day for 50 years, while storing all
17 May 2013
ISEQ lower-IFG Group 1st Qtr examined
The ISEQ is lower this morning at 3,982, down 14 points as European markets did not like last night's Fed comments indicating a possible end to
17 May 2013
Amazon "next for shaving" in UK tax row
Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low
17 May 2013
European markets spooked by Fed
European equities edged off multi-year highs on , spooked by policmakers talking about the possible future removal of monetary stimulus -
17 May 2013
Roundup-Petroceltic committed to listing
Oil and gas exploration company Petroceltic said it would postpone plans for a listing on the main Dublin and London markets as it concentrated
17 May 2013
eBay developers working on new glass
Developers at eBay Inc are working on potential applications for Google Inc's Glass project, opening up the possibility that shopping and broader
17 May 2013
All financial bubbles burst-Is this one?
How do policy-makers judge their success? In today's world, buoyant stock market performance is the measure of all success. Just look at
17 May 2013
Futures point European markets lower
European stock index futures pointed to a lower open today, mirroring losses on Wall Street following comments from U.S. central bank
17 May 2013
ECB may target weaker banks
The European Central Bank could use its new supervisory role from next year to single out weak banks and make it harder for them to get its
17 May 2013
25pc of UK property loans in neg. equity
Almost a quarter of commercial property loans in Britain are higher in value than the underlying real estate, a study showed today
17 May 2013
US Dollar up on Fed comments
The dollar held firm near a 10-month high versus a basket of currencies today after a U.S. Federal Reserve official said the central bank
16 May 2013
ISEQ rally loses steam on profit taking
Profit takers sent a three day rally that hit a five year-plus high in to reverse this afternoon sending it under the 4,000 level again.
16 May 2013
Survey says firms focused on growth
The top business priority for Irish firms for the second half of this year is "developing new business opportunities", according to a new survey from global workplace provider, Regus.
16 May 2013
Capita Dublin growth to create 800 jobs
Asset and loan management group, Capita, today said it planned to hire 800 new staff, doubling the number of people it employs in Ireland over the next three years.
16 May 2013
Ormonde hit bump on road to La Zara sale
Irish-based, Spanish focussed miner, Ormonde, today said that the planned disposal of its interest in the La Zarza copper project has hit a bump in the road but that a deal may still happen.
16 May 2013
Key US manufacturing index shrinks
Factory activity in the U.S. mid-Atlantic region contracted in May as new orders fell and its employment index hit a more than three-year low, the latest figures to suggest growth in the second quarter is cooling, a survey showed today.
16 May 2013
Prospect for sale of Lloyds Bank improve
Britain's largest retail bank Lloyds expects to return to profit this year, increasing the government's chances of selling its stake before the next general election in 2015.
16 May 2013
Sterling predicted to fall over Summer
Sterling is likely to fall sharply against the dollar in the coming months, as the British economy lags a U.S. recovery and on expectations a new Bank of England chief will push for significant monetary easing.
16 May 2013
Wall St flat on weak economy data
U.S. stocks were little changed at the open as a rally in Cisco Systems was offset by weak data on the labour and housing markets.
16 May 2013
Even the world's rich are spending less
Growth in sales of luxury goods is expected to ease slightly this year, hit by subdued spending in Europe and slower growth in China, consultancy Bain and Co said in a study today.
16 May 2013
Google's Irish tax status probed in UK
Google faced angry questions today from British lawmakers investigating its tax affairs and whether it had misled parliament in testimony last year.
16 May 2013
Jobs, construction data a worry for US
The number of Americans filing new claims for unemployment benefits climbed last week at the fastest pace in six months, a worrisome sign for the economy which has been hit by government austerity.
16 May 2013
ISEQ rally continues this morning
The rally that saw the ISEQ reach its highest level in over 5 years continued this morning amid growing confidence, helped by an upgrade in the ESRI's forecast for Irish GDP growth.
16 May 2013
Contracts signed for Luas line link up
Construction work will start on Luas Cross City within weeks after Minister for Transport, Tourism and Sport Leo Varadkar joined the Railway Procurement Agency and contractors for the formal contract signing.
16 May 2013
KBC Ireland cut losses in 1st Quarter
KBC Bank Ireland's parent this morning posted first quarter losses that fell to E77m compared to the E148m it reported the same time last year but warned it will have to set by more money to cover impaired loans.
16 May 2013
Eircom launch superfast eFibre broadband
eircom today launched its much anticipated super-fast fibre broadband network.
16 May 2013
Dublin grower in E5m deal with Tesco
Uniplumo, a Swords Co Dublin-based specialist horticultural grower, has expanded its partnership with Tesco to an annual E5 million, it said today.
16 May 2013
IBEC wants Govt to change strike laws
Employers group, IBEC, today called for the reform of Irish labour law to minimise the disruption of essential pubic services, such as public transport, health and education, during industrial disputes.
16 May 2013
Inflation data highlights EU's malaise
Falling prices in Germany and France pulled euro zone consumer inflation to a three-year low in April while imports fell 10 percent in March, as new data showed the depth of the bloc's downturn.
16 May 2013
Exports surge by 4pc in March
Preliminary figures for March 2013 indicate a seasonally adjusted increase in exports of E272 million (or 4pc) to E7,287 million from February 2013, latest CSO figures show.
16 May 2013
Revenue warns about email refund scam
The Revenue Commissioners today warned taxpayers about an email scam offering phoney tax refunds.
16 May 2013
Fears of Irish ICT brain drain to US
The US is in the process of changing its visa rules in a move that some fear could attract some of Ireland's brightest and best in the ICT sector just when the Irish Government is trying to build up a better skills base here.
16 May 2013
Strong demand for E500m in Irish T-Bills
The National Treasury Management Agency (NTMA) has today completed an auction of Irish Treasury Bills, selling the target amount of E500 million amid strong demand.
16 May 2013
UTV revenues fall in Q1 but optimistic
Belfast based all-Ireland and UK media group, UTV, this morning posted a 5pc fall in group revenues in the first quarter of this year to Stg28.1m but predicted better times ahead, especially for its Irish TV and radio business.
16 May 2013
Bus Eireann, unions reach agreement
Following intensive talks through the night, Bus Eireann this morning said it has reached agreement with the trade unions on a range of proposed cost saving measures.
16 May 2013
ESRI predicts higher GDP growth
The ESRI think tank this morning urged the Government to continue its fiscal adjustment programme as it predicted 1.8pc GDP growth this year while warning of the impact on Ireland of a eurozone recession.
16 May 2013
Glanbia to deliver up to 10pc growth
Foods group, Glanbia, this morning said it is on target to deliver between 8pc and 10pc earnings per share growth for 2013 despite tough market conditions.
16 May 2013
Debt free Norway is still growing
Norway's economy expanded more slowly than expected in the first quarter, sending the crown weaker, but growth still remained stronger than in most
16 May 2013
ISEQ holds above 4K-Glanbia examined
The ISEQ has held above the four thousand level so far this morning at 4022, up 12 points as European markets in general hold recent gains.
16 May 2013
Nine out of 17 in recession
Nine of the seventeen Eurozone nations are now in recession with this week's addition of France
16 May 2013
Euro slips on ECB rate cut expectation
The euro slipped against the dollar and German bond prices rose today on investor positioning for more monetary easing
16 May 2013
European equities off record highs
Weak earnings from the likes of Zurich Insurance Group helped drag European shares lower early today, although investors hunger for yield amid easy
16 May 2013
Roundup-Ireland may be over-regulated
Ireland may have over-corrected how it regulates banks and financial services firms and should be "very careful" with further regulations
16 May 2013
ESRI sees growth this year and next
The Economic and Social Research Institute has said it is likely that growth in output and employment will continue this year and next
16 May 2013
China's oil demand down 12pc-Maybe
The decline in China's implied oil use in April to an 8-month low, coupled with flat crude imports, gives the impression of weak demand, but
16 May 2013
North Korea is changing despite sanction
The centre of Pyongyang was once well known for it's Dickensian darkness however there are changes with neon lights advertising shops and products
16 May 2013
European futures predict flat opening
European stock index futures pointed to a flat open today, steadying at fresh 5 year highs after a recent surge of ten percent in under a month.
16 May 2013
Japan's great experiment may be working
Japan's economy expanded at a rapid clip at the start of the year, the first hard evidence that Prime Minister Shinzo Abe's sweeping
15 May 2013
ISEQ surges to new 5 year high
The ISEQ today rebounded beyond the 4,000 level to new five-year highs after weak trading yesterday, led by some strong first quarter earnings for the likes of FBD and C and C.
15 May 2013
FTSE closes at a 5 and a half year high
Solid corporate earnings helped push Britain's top share index to a fresh 5-1/2 year closing high today, led by low-cost airline easyJet after a robust update.
15 May 2013
Formula One racing Ace denies bribery
Lawyers for Formula One chief executive Bernie Ecclestone reiterated today he had not bribed a German banker during the 2005-6 sale of a stake in the motor racing business, after a newspaper reported he had been charged by prosecutors.
15 May 2013
Citi to close in Waterford, 50 jobs go
The Citi Bank office in Waterford is to close with the lose of 50 jobs.
15 May 2013
Wall St slips at open after weak data
U.S. stocks opened modestly lower today after the latest data on manufacturing came in weaker than expected.
15 May 2013
BoE's King delivers rare good news
Bank of England Governor Mervyn King offered some rare good news for Britain's economy today when he presented his final set of economic forecasts before stepping down after more than 20 years at the bank.
15 May 2013
Committee to mull Narrow Water Bridge
The Joint Committee on the Implementation of the Good Friday Agreement tomorrow meets with business leaders from both sides of the border to consider how best to advance the Narrow Water Bridge project.
15 May 2013
HSBC may cut 14,000 more jobs
HSBC will redouble its cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face of muted revenue.
15 May 2013
Oil firms facing big price fixing probe
Oil companies will face the full force of the law if they manipulated prices, Britain's energy minister said today as the European Commission's demanded more firms provide information as part of its probe into oil pricing.
15 May 2013
Post examiner gets 30 days for rescue
The examiner appointed to the owners of the Sunday Business Post has been granted another 30 days to find a rescuer for the newspaper.
15 May 2013
Oil near USD102 on eurozone recession
Oil slipped towards $102 a barrel today after data showed the euro zone's recession extended to the longest on record, while a stronger U.S. dollar and ample supplies put additional pressure on the price.
15 May 2013
FBD, C and C see ISEQ past 4,000 mark
The ISEQ this morning rebounded beyond the 4,000 level to near five-year highs after weak trading yesterday, led by some strong first quarter earnings for the likes of FBD and C and C.
15 May 2013
Euro falls after weak GDP figures
The euro fell to a six-week low against a buoyant dollar today, hurt by an unexpectedly large contraction of the euro zone economy which bolstered the case for more monetary easing by the European Central Bank.
15 May 2013
Pfizer says plans to sell Cork plant
Fears were rising this morning over the future for 136 staff at drug developer, Pfizer's, Cork plant after the company called a meeting of staff to tell them the facility will be sold.
15 May 2013
Science visa brings research to Ireland
Ireland's reputation as an innovation hub has been given a boost by the introduction of a fast-track scientific visa, a new survey of internationally mobile researchers reveals.
15 May 2013
German growth won't stop EU recession
Germany's economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter and France slid into recession.
15 May 2013
New Topaz site to create Airport jobs
Convenience shop and fuel retailer, Topaz, has announced details of a E3m investment in its service station at Dublin airport that will create 100 jobs in the construction phase.
15 May 2013
Tax, rising costs pressures consumers
Consumer confidence remains weak as unemployment remains high and rising costs, including new taxes, continue to put pressure on already cash strapped consumers.
15 May 2013
Amazon UK US3.7m tax on US6.5bn sales
Amazon.com's main UK unit paid taxes of $3.7 million on its 2012 income, despite group UK sales of $6.5 billion (4 billion pounds), its accounts published today showed.
15 May 2013
Central Bank warns on investment firm
The Central Bank today published the name of an unauthorised investment firm, Claridon Asset Management (UK).
15 May 2013
Just 228 days lost to strikes in Q1
There were just two industrial disputes in progress in the first quarter of 2013 involving 107 workers and two firms, latest CSO figures show today.
15 May 2013
Govt to review oil exploration tax
The tax regime on new finds of oil and gas around Ireland's coast are to be reviewed, the Government confirmed today.
15 May 2013
Signs of stability in savings culture
There was an increase in saving regularly and a decline in not saving during April, giving some indication of stability in the savings culture, the latest Nationwide UK (Ireland) / ESRI Savings Index showed today.
15 May 2013
Wicklow firm wins E2m Czech contract
Wicklow based Ventac Group Ltd, has said that they have signed a long term partnership agreement worth E2 million over 5 years with Czech manufacturer Zetor Tractors a.s.
15 May 2013
1st of Summer cruise liners docks in Dub
The 142 metre "Le Boreal" cruise liner, with 400 passengers and crew sailed into Dublin Port at 5am this morning and was the first cruise liner to berth at East Link Bridge this year.
15 May 2013
FBD happy with trading so far in 2013
Dublin-listed insurers, FBD, this morning said that trading this year so far has been in line with expectations in what it said is a very competitive market.
15 May 2013
Risks of a currency war increase
The Bank of Japan has been flooding it's market with newly created Yen to try and kick-start the economy by forcing down the value of the currency
15 May 2013
FTSE falls back from record highs
British blue chips traded a touch lower today, in a day marked by weak economic data from the euro zone, mixed corporate results and a number
15 May 2013
ISEQ steady-C and C examined in detail
The ISEQ is steady this morning at 3,982, a rise of just 7 points as equity markets pause for thought following the disappointing GDP
15 May 2013
What comes after Facebook?
Only last week, my youngest son asked me: "What do you think will come after Facebook?" I thought about it for a while, but couldn't get my head around
15 May 2013
Weak exports push France into recession
France entered a shallow recession in the first three months of the year as the economy contracted by 0.2 percent because of weak exports,
15 May 2013
European shares mixed on growth data
European shares were mixed in early trade today, taking a breather from their sharp rally started in mid-April, with lower-than-expected GDP
15 May 2013
Roundup-Review of oil and gas taxes
Minister for Energy Pat Rabbitte is initiating a formal review of the fiscal terms for oil and gas exploration but he has rejected
15 May 2013
German growth, just. France slides
Germany's economy crept back into growth in the first quarter of the year, after a sharp contraction at the end of 2012, while France slipped into
15 May 2013
C and C comes in on the money
Drinks company C and C has reported full year earnings in line with forecasts, with operating profits up 2.4percent and a 0.8percent fall in
15 May 2013
EU threatens sanctions against Huawei
The European Commission plans to send a formal warning to China that it is ready to levy trade duties against telecoms equipment makers Huawei
15 May 2013
US and UK most desired by professionals
Britain has leapfrogged Australia to become the world's second most desirable location for professionals looking to live and work abroad
15 May 2013
OECD says rich/poor gap has risks
A growing divide between rich and poor will widen still further if cash-strapped governments keep cutting back the welfare state, an industrialised
15 May 2013
Asian markets steady, Nikkei up again
Asian shares were steady today, with Tokyo stocks surging to a fresh 5-1/2 year high as Japanese exporters rallied on the yen's sharp slide
14 May 2013
ISEQ back in black in busy earnings day
In a busy day for first quarter earnings reports, the ISEQ rose after sharp morning losses, despite a decline in Paddy Power stocks as investors locked in profits.
14 May 2013
Siptu ballot for CIE, Dublin Bus strike
Siptu is to ballot members in Dublin Bus and Irish Rail for industrial action in solidarity with their colleagues in Bus Eireann.
14 May 2013
FTSE soars to a 5 and a half year high
Britain's top share index scaled fresh 5-1/2 year highs today, taking heart from a handful of upbeat earnings and with a bid for Severn Trent fanning expectations of more takeovers of utilities.
14 May 2013
Euro shares reach new 5-year high
European shares stretched to a new five-year closing high today, helped by a batch of estimate-beating corporate results and renewed signs of appetite for stocks from cash-rich investors.
14 May 2013
French secure EU/US treaty talk limits
France has secured backing from other EU member states for the exclusion of the movie and television industries from a proposed free-trade pact between Europe and the US that it fears could threaten European culture.
14 May 2013
Allstate to create 650 jobs in Belfast
US headquartered insurance company, Allstate, today said it will create 650 jobs at its Belfast operation over the next three years.
14 May 2013
RBS says 18 months to plug capital hole
Royal Bank of Scotland's Chief Executive Stephen Hester said today it would take another 18 months to improve the bank's capital position enough to keep regulators happy.
14 May 2013
Wall St opens flat as investors pause
U.S. stocks opened little changed today, continuing a trend of sideways motion as investors took a breather following three weeks of market gains.
14 May 2013
ComReg: 78pc of us now have broadband
Access to broadband in Ireland has risen to 78pc of the population, according to regulator, ComReg today with mobiles now the most common communication tool.
14 May 2013
State St Ireland to service Saudi funds
State Street announced today that it has been appointed to service Saudi-based NCB Capital's first ever UCITS platform in Ireland.
14 May 2013
Poland just dodges recession in Q1
Poland came within a whisker of sliding into its first recession since the 1990s at the start of this year, barely registering any growth in the past two quarters as one of Europe's few economic success stories collapsed.
14 May 2013
Google rivals pressure EU anti-trust
Rivals say Google could reinforce its dominance unless EU regulators win more concessions from the Internet search giant over accusations it restricts consumer choice and competition.
14 May 2013
Quinn nephew to pay IBRC E144m
A Dublin court has awarded damages against Peter Darragh-Quinn, nephew of failed billionaire, Sean Quinn, damages of E144m in favour of the IBRC, formerly Anglo Irish Bank.
14 May 2013
Ampersand beefs up board with new Dirs
Management consultancy and business re-engineering firm Ampersand today said that Brian Gallagher and Deirdre Soffe have been appointed Directors at the company.
14 May 2013
New Web tool for research funds, jobs
An important new web resource for business detailing R and D funding opportunities and jobs was launched today by Minister for Research and Innovation, Sean Sherlock.
14 May 2013
Business confidence on the rise at last
Business in Ireland is showing signs of recovery, albeit slowly, according to new research.
14 May 2013
Fingers crossed for Irish at Cannes Film
The Irish film industry will travel to the Cannes International Film Festival this week with high hopes for at least one award and the opportunity to market Irish film around the world.
14 May 2013
US oil boom sidelines OPEC producers
Rising U.S. shale oil production will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving little room for OPEC to lift output without risking lower prices, the West's energy agency said.
14 May 2013
Downturn, austerity hit young harder
Younger households - those aged under 45 - have been hit far harder by years of economic stagnation and decline and by austerity, according to a research paper from the ESRI economic think-tank.
14 May 2013
ECB clash with Germans over bank union
The ECB clashed with Germany today over how quickly the euro zone should set up a full banking union, calling for it to be ready by mid-2014 after Berlin declared it wanted a slower pace.
14 May 2013
ICG revenues up despite fewer passengers
Ferries operator, Irish Continental Group, this morning posted group revenue for the first four months of this year that rose to E72.1m from E70.4m the same time last year.
14 May 2013
Petrel seeks Porcupine farm-ins
Petrel Resources, the Irish AIM listed oil and gas company, has opened a data room in London for its two Licensing Options, 11/4 and 11/6, in the Porcupine Basin in the Irish Atlantic Margin.
14 May 2013
NTMA to auction E500m in T-Bills
The National Treasury Management Agency (NTMA) today said it plans to auction E500m of Treasury Bills on Thursday.
14 May 2013
Conroy find more gold in Border counties
Irish prospector, Conroy Gold and Natural Resources has discovered a series of further gold targets over a thirty mile section of its licence area in Armagh, Monaghan and Cavan.
14 May 2013
Grafton revenue hit by Sterling, weather
Builders merchants and DIY group, Grafton, this morning posted revenues of E677m for the four months to the end of April, E12m less than a year ago in a tough market hit by bad weather and currency fluctuations.
14 May 2013
Paddy Power revenues up 20pc in Q1
The first three months of this year saw revenues at bookies Paddy Power surge by 20pc driven by 29pc growth in online revenue and 8pc growth in retail revenue, its interim management statement said this morning.
14 May 2013
ECB exec wants single banking next year
European Central Bank policymaker Joerg Asmussen threw his weight behind demands by France and the European Commission for swift establishment of a single supervisory authority and resolution regime for euro zone banks next year.
14 May 2013
DCC energy business helps 21pc jump
Dublin-based business support services group DCC posted a 21 percent jump in annual profit, beating its own guidance, after its energy business
14 May 2013
Futures pointing European markets lower
European stock index futures pointed to a higher open on Tuesday, with shares set to reverse the previous day's dip, although gains could be
14 May 2013
Greece plans to sell bonds next year
Greece plans to sell bonds at some point early in 2014, ending four years of exclusion from international capital markets,
14 May 2013
Philippine voters look to Ireland
Yesterday was Election Day in the Philippines for the Senate and local Government Mayors and other officials
14 May 2013
Oil lower on slowing consumer demand
Crude oil prices settled lower on Monday night after a choppy day of trading, hit by slowing oil demand in China and data showing the biggest
14 May 2013
Debt crisis hits confidence in EU
Europe's debt crisis has shattered its citizens' faith in the European Union and increased distrust between core nations, although support for the euro
14 May 2013
Asian markets steady on US retail data
Asian shares paused from selling today while the dollar was underpinned by better-than-expected U.S. retail sales suggesting a steady recovery
14 May 2013
Lower aluminium prices hit RUSAL
Russia's United Company RUSAL Plc, the world's largest aluminium producer, posted a 45 percent drop in first-quarter recurring net profit
13 May 2013
ISEQ trades flat as FTSE hits new highs
Trading on the ISEQ was quiet today with the Irish index up 3.97 points by 5pm to 3,968.76.
13 May 2013
Spain and Portugal call for Bank union
Spain and Portugal called today for the euro zone to complete a banking union as Germany underscored legal hurdles before a central element of the plan to deal with failing banks can be introduced.
13 May 2013
FTSE keeps on rolling
Britain's blue chip shares edged up to fresh 5-1/2 year highs on Monday, reversing early losses as strength in defensive stocks helped compensate for steep losses in the banking sector.
13 May 2013
European Shares edge off highs
European shares edged off five-year highs today, with renewed concerns about ongoing problems facing banks sparking a wave of profit taking in the second best performing sector of the past month.
13 May 2013
Bus Eireann dispute developments
Bus Eireann has said this afternoon that it has accepted an invitation from the Labour Relations Commission for talks with the trade unions commencing at 8 p.m. tonight.
13 May 2013
Personal Insolvency hits some pensions
Based on the new personal insolvency rules, certain workers will be allowed to continue to fund for their retirement while others will be forced to stop and divert their pension saving to the banks and other creditors for seven years.
13 May 2013
Ukraine halts chicken sales
Ukraine has suspended exports of chicken meat to Russia by domestic producers MHP and Agromars while it investigates a Russian allegation of contamination, the State Veterinary and Phytosanitary Service said.
13 May 2013
US Stocks Dip
U.S. stocks dipped today, retreating from the most recent record high, but an unexpected rise in retail sales last month muted declines.
13 May 2013
Credit Unions out of Central Bank pilot
The Irish League of Credit Unions (ILCU) today dramatically backed away from the new pilot scheme launched last week by the Central Bank to deal with over indebtedness.
13 May 2013
ECB question Bloomberg confidentiality
The European Central Bank said on Monday it was in touch with Bloomberg LP after the financial data and news company had allowed journalists to see some information about terminal usage.
13 May 2013
Dell seek more info on Icahn offer
The special committee of Dell Inc's board today asked Carl Icahn for details of his plans for the computer maker, including how he would finance his offer and who would run the company.
13 May 2013
Bank of Ireland cite progress on lending
Bank of Ireland's approved SME lending for new and increased credit has risen by over 25pc in the first quarter of 2013 based on year on year figures.
13 May 2013
HandM sign up to factory accord
Swedish fashion retailer HandM has become the first big retailer to agree to an accord aimed at preventing a repeat of last month's collapse of a Bangladesh factory building that killed more than 1,100 people.
13 May 2013
50 Years not out for Dromoland Castle
Dromoland Castle, one of Ireland's premier luxury resort in Newmarket-on-Fergus, Co. Clare, recorded sales revenues of E13.7 million for FY2012.
13 May 2013
Late Payment costs Business
European companies lost 350 billion euros ($450 billion) last year due to late or unpaid bills, underlining fears that small businesses expected to drive economic recovery are faltering in a prolonged recession.
13 May 2013
Circle Oil reports for 2012
Circle Oil Plc, the international oil and gas exploration, development and production company headquartered in Limerick, announced its full year results for 2012 today.
13 May 2013
ISEQ trades flat as European shares fall
The ISEQ was trading flat at lunchtime today and at 12pm was 0.26 points up to 3,965.05.
13 May 2013
Insurers becoming stricter on claims
A survey undertaken by the Irish Brokers Association has revealed that 95pc of brokers from throughout Ireland say that the current environment has led to insurers becoming much stricter on claims payments.
13 May 2013
179 new jobs in Tyrone
One hundred and seventy-nine new jobs are to be created at a County Tyrone food plant.
13 May 2013
OLeary staying to win European skies
Michael O'Leary has pledged to stay another five years and render Ryanair's dominance complete in Europe as competitors exit short-haul flying.
13 May 2013
Cameron seeks calm on Europe
British Prime Minister David Cameron moved to end a revolt over European Union membership in his ruling Conservative party today, saying all his ministers backed his strategy on the issue despite two expressing more sceptical views than his own.
13 May 2013
Oil slips below USD103
Crude prices slipped below $103 a barrel today weighed by a stronger dollar and a drop to an eight-month low in oil demand in the world's second-largest consumer China.
13 May 2013
Dollar powers ahead, Oil falls
The dollar continued to power higher today, leaving oil and gold prices in its wake, after the Group of Seven gave a green light to Japan's efforts to spur growth with aggressive monetary easing.
13 May 2013
NUI Maynooth and Athlone IT partner
The Presidents of NUI Maynooth and Athlone Institute of Technology have announced the formation of a new strategic partnership between their institutions.
13 May 2013
Retail Excellence launches new platform
Retail Excellence Ireland, Ireland's largest retail industry trade body, launches Digital Division eTail Excellence Ireland (EEI).
13 May 2013
Lloyds Chairman to retire
Lloyds Banking Group Plc said its chairman Win Bischoff would retire in the next year having overseen the rebuilding of Britain's biggest retail bank following a 2008 government rescue.
13 May 2013
Revenue helpline targeted
Abtran, the company contracted by the Revenue Commissioners to run the customer helpline for the Local Property Tax (LPT) has been hit by suspected fraud from one of its employees.
13 May 2013
Entrepreneur of the Year final announced
Twenty-four of Ireland's leading entrepreneurs have been named as finalists for the prestigious Ernst & Young Entrepreneur Of The Year (EOY) 2013.
13 May 2013
UCD and Bord Bia seek Ambassadors
Bord Bia in partnership with the Irish food and drink industry and UCD Michael Smurfit Graduate Business School is developing a Master's Degree Programme in Business Sustainability.
13 May 2013
Irish firms look to Czech Rep and Poland
25 innovative Irish companies are travelling to the Czech Republic on a 4 days trade mission with another 37 companies to Poland.
13 May 2013
Irish construction continues to contract
The contraction in the Irish construction sector deepened further during April, as the rate of decline in activity quickened to the sharpest since September 2012.
13 May 2013
Ready to pay to put money on deposit?
Cutting the European Central Bank's deposit rate below zero would be an effective way to help the euro zone economy, ECB policymaker
13 May 2013
Chinese output disappoints in April
China's factory output growth was surprisingly muted in April, darkening the outlook for the Chinese economic recovery and feeding expectations
13 May 2013
ISEQ Steady- Construction still falling
The ISEQ is steady this morning at 3,966, unchanged from Friday as markets await a lot of stats this week.
13 May 2013
Better US housing market brings mobility
When David Pendery, a corporate public relations specialist, decided to move his family from Colorado to Illinois this year for work, his biggest worry
13 May 2013
French Central bank predicts low growth
The French central bank estimated today that France would eke out meagre growth in the second quarter after narrowly dodging a recession
13 May 2013
Elan spending may ensure independence
Elan stepped up its bid to keep its independence today by agreeing a $1 billion deal to buy 21 percent of the royalties that U.S. company Theravance
13 May 2013
Roundup-Breakthrough with Croke P. 2
Significant breakthroughs were reported last night in moves to secure agreements between the Government and a number of trade unions on reducing
13 May 2013
Elan pay $1billion for share of new drug
Pharmaceutical company Elan has announced a new royalty participation agreement with Theravance
13 May 2013
G7 agree to deal with failing banks
The Group of Seven finance officials agreed on Saturday to press on with measures to deal with failing banks that do not land taxpayers with the
13 May 2013
Meeting of the Hedge Funds, in Vegas!
In Las Vegas last week, hedge fund investors rubbed shoulders with big-name managers, Hollywood heavies and political swells against a Bellagio
13 May 2013
Airbus and China-Billions at stake
China's decision to ease a boycott of some $11 billion in Airbus jet orders followed a high-level appeal from the planemaker urging Beijing to recognise
13 May 2013
6pc growth not enough for Philippines
The Philippine economy as measured by gross domestic product may grow close to 6 percent in the first quarter of the year, an economist said
13 May 2013
Mixed signals for the World Economy
A flood of data this week will paint a mixed picture of the global economy, with belt-tightening continuing to dampen activity in the euro zone
10 May 2013
ISEQ roars ahead in afternoon trading
The ISEQ turned around morning losses to end a 2 day run of looses today finishing ahead today.
10 May 2013
Uk to buy US natural gas
Exxon Mobil and Qatar Petroleum announced an agreement yesterday to ship liquefied natural gas to Britain from their proposed export plant in the United States, offering another supply stream to the island nation as domestic output dwindles.
10 May 2013
US Stocks flat
U.S. stocks open little changed today but remained on track for a third straight week of gains, while a pair of strong corporate earnings helped the Nasdaq register a small advance.
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