- C&C Group reports 'robust' year07:58Drinks group meets market expectations as pre-tax profits jump nearly 40% to €110.9 million
- 'Excellent' first half for Tullow Oil10:14Exploration firm reports positive results from its "high-impact" growth strategy
- Airtricity acquires Phoenix Supply11:16Firm to become Northern Ireland's second largest energy provider after €23.9 million deal
- CRH transfers Secil shareholding08:19Construction group transfers its shareholding in Portuguese joint venture following court ruling
- Facebook IPO could raise $16bn08:44Social networking business to increase the size of its initial public offering by 25 per cent
- Asian markets fall on growth fears07:21Fears over Chinese economic growth and ongoing Greek uncertainty rattle investors
- Mild winter hits DCC's oil supply businessBARRY O'HALLORANMILD WINTER weather and high oil prices hit profits at industrial holding group DCC, whose heating oil supply business suffered as demand for its products fell during a key part of the year.
- Anglo €15m loan signed off after bank rescueSIMON CARSWELL, Finance CorrespondentANGLO IRISH Bank approved a loan of €15 million to Belfast property developer Patrick Kearney, one of the Maple 10 investors, to buy subordinated bonds in the bank a month after the nationalisation of the lender in January 2009.
- 3 owners challenge Eircom schemeCIARÁN HANCOCK and MARY CAROLANHONG KONG-based Hutchison Whampoa, the parent company of mobile operator 3 Ireland, and a group of junior lenders are taking a legal challenge against a survival scheme being prepared for Eircom.
- Court application casts doubt on Eircom planMARY CAROLANAN UNPRECEDENTED application that will come before the Commercial Court today has cast doubt on plans by Eircom’s examiner to finalise a survival scheme with creditors on Friday for companies employing 5,800 people.
- TVC Holdings increases value of portfolio by 24%CIARA O'BRIENTVC HOLDINGS increased the value of its portfolio by 24 per cent in its last financial year, and reported a gross return of €10.7 million.
- Pretax profits down 1% as Musgrave posts €71mCIARÁN HANCOCK, Business Affairs CorrespondentCORK-BASED wholesale food group Musgrave expects the value of the Irish grocery market to contract by 1-2 per cent on a like-for-like basis this year as austerity measures continue to suppress consumer spending here.
Sectors »
- Financial ServicesAnglo €15m loan signed off after bank rescueSIMON CARSWELL, Finance CorrespondentANGLO IRISH Bank approved a loan of €15 million to Belfast property developer Patrick Kearney, one of the Maple 10 investors, to buy subordinated bonds in the bank a month after the nationalisation of the lender in January 2009.
- Construction & PropertyCRH transfers Secil shareholdingFIONA REDDANConstruction group CRH has transferred its 49 per cent shareholding in Secil, the Portuguese cement producer, to Semapa (SGPS, S.A.), its former joint venture partner, for a sum of €564.5 million.
- Energy & ResourcesAirtricity acquires Phoenix SupplyFIONA REDDANAirtricity is set to become Northern Ireland's second largest energy provider following the acquisition, by its parent company, of Phoenix Supply, Northern Ireland’s market leading gas supplier.
- Health/PharmaCork jobs boost
PRIVATE HEALTH insurance firm Laya Healthcare is to create 100 jobs in Cork over the next three years, writes
CIARA O’BRIEN - Media & MarketingIrish artists breathe new life into German animation sceneDEREK SCALLY in Berlin
Interesting things are starting to happen for Ireland’s animation companies. After establishing themselves in the US and Canada, the next big push is on – into Europe - ManufacturingGloomy forecasts from steelmakersGERMANY’S TWO biggest steelmakers, ThyssenKrupp and Salzgitter, have given a grim outlook for the rest of the year as the euro zone crisis hits spending on factories and new equipment.
- Retail & ServicesMild winter hits DCC's oil supply businessBARRY O'HALLORAN
MILD WINTER weather and high oil prices hit profits at industrial holding group DCC, whose heating oil supply business suffered as demand for its products fell during a key part of the year. - Transport & TourismRoad WarriorJOAN SCALESThe business of travelling for work
- Agribusiness & FoodInside Track: Q&AJOANNE HUNT
Sophie Morris, co-founder of Kooky Dough - Other SectorsC&C Group reports 'robust' yearFIONA REDDANDrinks group C&C met market expectations with the publication of its full year financial results this morning, reporting a jump in pre-tax profit to €110.9 million in a "robust" year for the business.
Markets »
Dublin Today »
| Company | Latest Price € | % Change |
|---|---|---|
| AMINEX PLC | 0.059 | 13.46 |
| KENMARE RESOURCES PLC | 0.545 | 3.81 |
| ORMONDE MINING PLC - ESM | 0.102 | 2.00 |
| IFG GROUP PLC | 1.3 | -3.63 |
| BANK OF IRELAND | 0.0829 | -7.89 |
| IRISH LIFE & PERMANENT GROUP HOLDINGS PLC - ESM | 0.0303 | -8.18 |
Drinks group reported a 40 per cent hike in pre-tax profits this morning
Blogs »
- Purple is over as a colour and it’s all the fault of Ed Miliband, Heathrow and Yahoo!Laura Slattery | The Index »Watching political leaders give game soundbites to news reporters covering the UK elections has...
- Starting from scratchCiara O'Brien | Minibyte »If you’ve ever built something from spare parts siphoned from some home appliances, you’ll...
- Who said the World Bank was humourless?John Collins | Current Account »In case you missed the news Dartmouth College president Jim Yong Kim was appointed new head of the...
Opinion & Analysis »
- Company likely to consider expansion into transportSHORTLY BEFORE DCC’s last financial year ended on March 31st, the country was bathed in sunshine and temperatures more reminiscent of May.
- Bank of England governor under fireLONDON BRIEFING:SIR MERVYN King, who today delivers the Bank of England’s quarterly Inflation Report, still has more than a year to serve as governor of the Old Lady of Threadneedle Street, but already there is feverish speculation on his successor.
Economy »
- Trade surplus falls again12:17Ireland's trade surplus declined for the second month in a row in March, as imports jumped by 26 per cent but exports experienced slower growth.
- No vote in referendum would be 'leap in the dark'09:48Minister for Finance Michael Noonan today warned voting No in the upcoming EU fiscal treaty referendum on May 31st would be a “leap in the dark” and a “dangerous leap that Irish citizens should not take”.
- Buoyant Germany allows euro zone to avoid recessionRALPH ATKINS in FrankfurtAN UNEXPECTEDLY robust German economic rebound has allowed the euro zone to escape recession, highlighting diverging fortunes across the region but also the country’s scope for lifting the prospects of weaker rivals.
- Indebtedness fell 1.1% in Q4 of last yearCOLM KEENAHousehold indebtedness fell by 1.1 per cent during the fourth quarter of last year to €184.6 billion, or €41,169 per capita, according to the latest figures from the Central Bank.
- Bank of England governor under fireFIONA WALSHLONDON BRIEFING: SIR MERVYN King, who today delivers the Bank of England’s quarterly Inflation Report, still has more than a year to serve as governor of the Old Lady of Threadneedle Street, but already there is feverish speculation on his successor.
Technology »
- 3 owners challenge Eircom schemeCIARÁN HANCOCK and MARY CAROLANHONG KONG-based Hutchison Whampoa, the parent company of mobile operator 3 Ireland, and a group of junior lenders are taking a legal challenge against a survival scheme being prepared for Eircom.
- Court application casts doubt on Eircom planMARY CAROLANAN UNPRECEDENTED application that will come before the Commercial Court today has cast doubt on plans by Eircom’s examiner to finalise a survival scheme with creditors on Friday for companies employing 5,800 people.
- Facebook increases its IPO share price rangeFACEBOOK HAS increased the price range for shares in its initial public offering, pushing the company’s valuation to as much as $104 billion.
- Sony, Panasonic 'in talks' on TV technologySony and Panasonic are in talks to develop the technology to mass produce next-generation OLED televisions, aiming to compete with South Korean rivals in a technology widely seen replacing current LCD TVs, sources close to the matter said today.
- Meteor posts pretax losses of €146mGORDON DEEGANEIRCOM’S MOBILE subsidiary Meteor recorded pretax losses last year of €146.6 million after booking an impairment charge of €112 million.
