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Oil prices fall over signs of slowing global demand
Oil prices fell yesterday as petrol futures plummeted on signs of slowing demand growth and expectations that refiners would delay autumn maintenance to make up for supplies shut by Hurricane Katrina. p
Sean Dunne increases Jurys stake to 24%
Developer Sean Dunne has raised his stake in Jurys Doyle to 24 per cent and is thought to be planning further purchases that could lift his position to 29.9 per cent of the company. p
Europe 'resilient' to energy costs
Europe's economy will not suffer from oil price increases to the same extent as in the 1970s and 1980s, according to the EU commissioner for economic and monetary affairs, Joaquin Almunia. p
Other Stories
Government to reappoint Tadhg O'Donoghue as ESB chairman
The Government has decided to reappoint ESB chairman Tadhg O'Donoghue for five more years. pHobbs responds to complaints by Taylor
The TV personality and financial adviser Eddie Hobbs has found himself this weekend having to respond to complaints made by his former employer, Tony Taylor. pIFSC companies welcome VAT case adjudication
Companies operating in Dublin's Irish Financial Services Centre (IFSC) are welcoming a preliminary adjudication in a tax case before the European Court of Justice (ECG). pSmall firms have to 'outsource to survive'
Irish small and medium businesses must explore outsourcing opportunities in locations such as eastern Europe or India if they are to survive, members of Isme were told yesterday. pThirdForce earnings rise 43% as firm announces acquisition
E-learning group ThirdForce has announced a 43 per cent increase in interim operating profits to €334,000 for the first half of the year. pUK to allow property investment trusts
The UK is to proceed with the introduction of real estate investment trusts (Reits) by the end of the year, according to property industry leaders. pSecond bank rules out joint venture with An Post
Another bank has ruled itself out of a joint venture with An Post for a new banking service. pDatalex posts $1m profit despite lower sales
Dublin-headquarted travel software group Datalex has announced an interim profit of $1 million (€807,000) for the first six months of the year despite slightly lower sales. pGovernment announces €3.5m for Cork biopharma training facility
The Government announced yesterday that it will invest €3.5 million in a new biopharma process training facility. pGeneral Re chief executive facing SEC charges over AIG deal
Joseph Brandon, chief executive of Berkshire Hathaway's General Reinsurance and one of Warren Buffett's closest confidants, is facing civil charges from the Securities and Exchange Commission for his alleged role in overseeing a controversial re-insurance transaction with the American International Group. pFeedb@ck
Yesterday's business website poll asked: are we overly critical of our banks? pIn Short
A round-up of today's other stories in brief pEircom proves the exception during quiet session
Dublin Report: The Iseq had a quiet end to the week yesterday, with volumes easing off and prices remaining fairly steady. p
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