Shares in Banco Espirito Santo sank 40 per cent, adding to its 42 per cent plunge on Thursday when the bank posted a €3.6 billion loss and higher-than-expected provisions to cover its exposure to companies owned by its founding Espirito Santo family. Photograph:  Reuters

European stocks sank in huge volumes yesterday, while Irish shares also ended down

The Central Bank has confirmed compensation payments totalling ¤10 million have been paid to more than 3,100 depositors of Berehaven Credit Union.

Central Bank says payments totalling €10m have been paid to more than 3,100 depositors

Mark Ferguson Director of of SFI Science Foundation Ireland photographed in the Science Gallery Dublin. Photo: Bryan O’Brien/The Irish Times

Foundation says seven new research centres also delivered in areas such as big data analytics

Corrugated packaging supply at a Smurfit Kappa plant. The packaging group said revenue increased to €3.95 billion in the first-half of this year.

Packaging group says operations in the Americas performing well with growth expected

Number of .ie domain registrations declines 4 per cent in 2013

Minister for Finance Michael Noonan. Ireland’s government deficit amounted to €2.4 billion in the first quarter of this year, representing 5.6 per cent of GDP.  Photo: Eric Luke/The Irish Times

CSO says general Government net debt stood at €160.9 billion in first quarter of 2014

Ratings agency Standard & Poor’s has forecast Irish house prices to increase by 4 per cent this year. Photo: Cyril Byrne/The Irish Times

Ratings agency forecasts house price growth of 2 per cent for 2015, down from 4 per cent this year

The volume of retail sales rose by 4.8 per cent in June, when compared to the same month last year. Photo: Bryan O’Brien/The Irish Times

Excluding the sale of motors, there was no monthly change in the volume of sales

Sinead Heaney, 	founding director of the €75 million BDO Development Capital  fund. Photo: Dara Mac Dónaill/The Irish Times

Firm receives €8m from BDO Development Capital fund to drive international expansion

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