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  • Brown admits to overly optimistic growth forecasts

    Mr Gordon Brown, Chancellor of the Exchequer, was yesterday forced for the second time in succession to admit that his growth forecast for this year was over-optimistic but surprised analysts by keeping his forecast for next year unchanged. p

  • IMF warns that house boom may bust

    The Irish housing market could be heading for a "bust", according to the findings of a new study by the influential Washington-based International Monetary Fund (IMF). p
Other Stories

  • Markets mixed as economic and war data combine

    European shares turned in a mixed performance yesterday as nagging worries about the stuttering economy and the looming corporate earnings season were offset by television images of US troops being welcomed into the heart of Baghdad. p

  • Deficit due to profit repatriation

    A modest rise in investment outflows, mainly related to multinational profit repatriations, contributed to a small €184 million deficit on the balance of payments current account last year. p

  • Paddy Power slides as rival issues warning

    Paddy Power shares were marked down yesterday as UK rival Stanley Leisure issued a profit warning and analysts said the leading Irish bookmaker was unlikely to escape the recent run of adverse horse-racing results. p

  • 'Uninspiring' for small NI firms

    The British budget was dismissed as "uninspiring" by Northern Ireland's Federation of Small Businesses. p

  • FM 104 puts €1m up for grabs to regain top spot

    February's JNLR radio listenership figures appear to have galvanised the commercial stations to increase their marketing and promotional activity, particularly in Dublin. p

  • Shares sale helps lift profit at Lakeland to €28.2m

    An exceptional gain of ?24.2 million from the disposal of shares in IAWS helped lift pre-tax profits at Lakeland Dairies to ?28.2 million last year from ?3.97 million a year earlier. p

  • ABN Amro sheds 17 Dublin jobs

    The Dutch-owned ABN Amro Bank, which employs 165 people in Dublin's International Financial Services Centre, is moving part of its back-office functions out of Ireland with the loss of 17 jobs. p

  • Ratings agency bearish on Aer Rianta finances

    Aer Rianta's financial position is likely to deteriorate over the next three years and the quality of its service to the public could also decline, the credit rating agency Standards & Poor's has concluded. p

  • Abbott sales up 9% thanks to new drug

    Humira, a new rheumatoid arthritis drug with blockbuster potential, lifted Abbott Laboratories' sales by 9 per cent in its first quarter, although heavier-than-expected costs involved with the product's introduction dampened earnings. p

  • French broker pulls out of NCB bid talks

    CIC Securities, the stockbroking arm of French banking group Crédit Mutuel, has pulled out of talks to buy NCB Stockbrokers from Royal Bank of Scotland (RBOS). p

  • Financials get boost from Bank of Scotland move

    MARKET REPORT: The market gained 0.5 per cent yesterday as most of the leading stocks made modest progress. p
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