Business news
- British manufacturing output rises10:18British manufacturing output rose more than expected in December after strong gains in the transport, paper and publishing and electrical and optical equipment sectors, official data showed today.
- German engineering output declines10:13Output in Germany's engineering sector fell by nearly a quarter last year, worse than the industry's most pessimistic forecast, and is not expected to rebound in 2010, the VDMA industry association said.
- Opera to launch iPhone browser10:02Norwegian firm Opera Software said today it would launch a version of its mini internet browser for Apple's iPhone next week, offering faster download speeds.
- Nama executive team announced09:50The National Asset Management Agency (Nama) has today confirmed that it has appointed estate agent John Mulcahy and former Ulster Bank executive Ronnie Hanna to key roles on its executive team.
- Daily Mail reports 8% decline in revenues09:14Publisher Daily Mail & General Trust said supermarket price wars and new mobile phones had lifted newspaper advertising in January, when reporting an 8 per cent decline in first-quarter revenue.
- Elan set to report operating profit08:55Pharmaceutical firm Elan said today it expects to report operating profit before other charges or gains "for the first time in several years" in 2010.
- Smurfit core profit down 5 per cent08:12Packaging group Smurfit Kappa has reported a 5 per cent drop in core profit for its fourth quarter and said it expected to deliver profit growth in 2010.
- Losses widen at PSA Peugeot07:47French carmaker PSA Peugeot Citroen said full-year losses widened but it forecast positive recurring operating income in the first half of 2010 as cost cuts and a sales drive help it combat a "challenging" market.
- Oil steady above $73 a barrel07:15Oil hovered above $73 a barrel today, giving up some of the previous day's gains after data showed a large build in U.S. crude stocks, signalling persistently weak demand in the world's top energy consumer.
The Irish Times
- Consumer spending predicted to fall furtherFURTHER FALLS in consumer spending have been predicted for this year after new figures confirmed that 2009 was a difficult year for retailers.
- Firm to create 100 jobs in DublinBUSINESS INFORMATION and risk specialist Dun Bradstreet (DB) will create 100 jobs in the Republic over the next 18 months at a new data processing centre.
- UK and Sweden suggest IMF should help GreeceSHARP DIVISIONS have emerged within Europe over how to deal with Greece’s debt crisis on the eve of a summit that will be dominated by talks over the need to shore up confidence in the euro zone.
- Anglo not expected to support Black Shore bidANGLO IRISH Bank is not expected to support Black Shore Holdings’ bid to get protection from its creditors in the High Court today.
- Animation body criticises RTÉTHE IRISH animation sector has accused RTÉ of failing to support an industry that has secured two nominations for this year’s Academy Awards.
- Beacon expansion set to boost staff numbers by 35THE BEACON private hospital group is creating 46 new jobs in an expansion of orthopaedic and oncology services at its Dublin base.
- UK regulator's future up in the air as chief takes flightLONDON BRIEFING: Hector Sants’ decision to quit throws the already uncertain fate of the FSA further into confusion
- Core retail sales yet to reach bottomANALYSIS: Erratic trends and volatility in the motorsector make long-term prediction hazardous
- GM seeking €2.7m from EU states for Opel rescueGENERAL MOTORS presented its rescue plan for its troubled subsidiary Opel yesterday, combining 8,300 job cuts with a request for €2.7 billion in loans and guarantees from European governments.
- United Drug chief says outlook 'encouraging'HEALTH SERVICES provider United Drug expects its profits this year to be in line with 2009 levels. This is in spite of a €2 million hit that the company will sustain as a result of cuts to medicine prices implemented in Ireland earlier this month.
- Nama to name two who will join top teamTHE NATIONAL Asset Management Agency (Nama) is to appoint estate agent John Mulcahy and former Ulster Bank executive Ronnie Hanna to key roles on its executive management team.
- 'Sunday Business Post' seeks to cut costsTHE SUNDAY Business Post newspaper, which is owned by Cork-based media group Thomas Crosbie Holdings, has proposed a number of cost-cutting measures to its 70 employees aimed at reducing its overheads.
- Toyota recalls 430,000 Prius cars over brakesTOYOTA CONFIRMED yesterday that it was recalling almost half a million Prius petrol-electric hybrid cars. The worldwide recall concerns a potential braking problem with the car.
- Barrett preaches patience in State fundingPOLITICIANS AND funding agencies should not measure the value of science and technology research investments by swiftly-produced intellectual property (IP) portfolios, former Intel chairman and chief executive Craig Barrett said yesterday.
- Government to take more equity stakes in banks, says HonohanTHE NEW governor of the Central Bank, Patrick Honohan, has said that the Government would take additional equity stakes in the Irish banks as part of the recapitalisation process.
- Pensions Board says most plans in deficitUP TO 80 per cent of defined benefit pension schemes were estimated to be in deficit at the end of 2009 according to the Pensions Board, which published its annual report yesterday.
- Eircom told to cut competitor chargesThe telecoms industry has welcomed a direction by ComReg requiring Eircom to reduce the price it charges competitors to place their equipment on its network.
- Praise for Bord Bia marketing eventBoth buyers and Irish food and drinks manufacturers have expressed satisfaction at the Bord Bia marketing event that hosted 3,800 business meetings at Croke Park. The event is expected to generate €10 million worth of new business.
- Norkom signs deal with investment bankNorkom Technologies has signed a deal with global investment bank Daiwa Capital Markets Singapore Ltd that will see the bank use Norkom’s sanctions and politically exposed people screening and transaction-monitoring technology.
- Ryanair to open base in LithuaniaRyanair is to open its first central European base in Lithuania, basing two aircraft at Kaunas and adding nine new routes. This will bring to 18 the number of routes that it will fly from the airport from May.
- Banks under pressure on day of slow tradingDUBLIN REPORT: Iseq: 2,888.33 (-19.96)
Settlement date: February 12th
UNITED DRUG stood out as the most actively traded stocks on what was a lacklustre day on the Dublin market in terms of volume. - BoSI to sell or reassign its 44 retail branches from MayBANK OF Scotland (Ireland) (BoSI) has said it will sell or reassign its 44 Halifax retail branches as it exits personal banking to focus on business lending.
- 'Devastating blow' for 750 workers and familiesREACTION: FINE GAEL finance spokesman Richard Bruton said the closure of the Halifax branch network dealt a “devastating blow” to staff and families. He described the news as “a landmark event” in what was an ongoing unemployment crisis for Fianna Fáil.
- Lenihan 'should consider inclusion in third force'UNION POSITION: THE TRADE union Unite intends to press Minister for Finance Brian Lenihan to consider the inclusion of Bank of Scotland (Ireland) (BoSI) in the so-called third banking force to save the 750 staff who face losing their jobs.
- Bank reassures customers over savingsINVESTMENTS: FOLLOWING THE decision to close its retail banking business in Ireland, Bank of Scotland and Halifax customers have been advised that they do not have to anything at this stage.
- Timeline Bank Of Scotland (Ireland)1989 Bank of Scotland (Ireland) (BoSI) is established, but the bank does not gain traction in the Irish market until the late 1990s, when it makes a series of acquisitions and establishes a reputation as an alternative lender for small businesses.
- Lender that burst its own credit bubbleANALYSIS: Halifax led the lending boom – and has fallen victim to tight margins and the property bust
Dublin Today »
| Company | Latest Price € | % Change |
|---|---|---|
| PETRONEFT RESOURCES PLC - IEX | 0.25 | 9.65 |
| ALLIED IRISH BANKS PLC | 1.145 | 6.91 |
| AER LINGUS GROUP PLC | 0.68 | 5.43 |
| GRAFTON GROUP.Plc | 2.452 | -4.22 |
| ORMONDE MINING PLC - IEX | 0.062 | -4.62 |
| AGI THERAPEUTICS PLC - IEX | 0.04 | -20.00 |
Latest
- 10:18Union vows to fight plan to close Halifax branches
- 10:18British manufacturing output rises
- 10:13German engineering output declines
- 10:10FG to meet over Lee fallout
- 10:02Opera to launch iPhone browser
- 09:55Shuttle docks with space station
- 09:50Nama executive team announced
- 09:35Greek civil servants go on strike
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