Michael McGrath (left), assistant secretary of the budget taxation & economic division of the Department of Finance, at the exchequer returns yesterday. Photograph: Alan Betson
- Moody's cut Irish debt rating as deficit climbs
RATINGS AGENCY Moody’s has cut the Republic’s credit rating and said the State faces a heavy debt burden for years to come. - RTÉ staff in line for unpaid leave as part of €41m savings planRTÉ WILL offer staff unpaid leave among a range of cost-cutting measures to be launched over the coming weeks to help find savings of €41 million as the broadcaster aims to break even in 2009.
- INM sells a third of its stake in Indian publisher for €22mINDEPENDENT NEWS & Media (INM) has sold off a third of its investment in Indian publisher Jagran Prakashan (JPL), raising some €22 million for use as a “cashflow tool” to pay down debt and enhance its liquidity.
Markets »
Elan stock rises on news of stake deal worth $1bnDublinDUBLIN REPORT Iseq: 2,665.69 (-25.72) Settlement date: July 7th: PHARMACEUTICAL GROUP Elan, no stranger to large intraday share price movements, moved 19 per cent in the right direction yesterday, providing the big story of the day on the Iseq index.Dublin Today »
| Company | Latest Price € | % Change |
|---|---|---|
| ELAN CORPORATION PLC | 5.7 | 19.00 |
| DONEGAL CREAMERIES PLC - IEX | 2.4 | 6.67 |
| AGI THERAPEUTICS PLC - IEX | 0.095 | 5.56 |
| VERIS PLC - IEX | 0.21 | -8.70 |
| ICON PLC | 14.9 | -8.87 |
| PROVIDENCE RESOURCES PLC - IEX | 0.035 | -10.26 |
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Personal Finance »
- It pays to invest time in checking out feesA 2 per cent fee may sound like small change, but over time this cost can significantly reduce the value of your investment, writes
FIONA REDDAN .
When the cost of caring for your pet starts to biteWith high veterinary bills crippling many pet owners in these recessionary times, pet insurance can be a life-saver, writes
CAROLINE MADDEN .
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