In Short

 

Healthcare group to expandHarvey Healthcare, the Irish nursing home group, is to expand its Dublin based retirement facilities in a move which will create 70 new jobs.

The group has opened its fifth community-based nursing home in Dublin, Harvey St Gladys, which is located beside Mount Argus Church in Harolds Cross, creating 50 new jobs at the facility.

The company has also completed an extension, which will lead to the creation of 20 additional jobs and 20 new beds, at Harvey Nursing Home in Terenure.

The company now has 200 nursing home beds in the Dublin area, including locations such as Phibsborough and Glenageary.

As a result of the expansion, the firm is recruiting for a range of roles, including a director of nursing, nurses, care staff, domestic and kitchen staff and a director of care.

Harvey HealthCare was established in 2003, and its aim is to help nursing home residents stay in their own communities.

It also locates its nursing homes close to major hospitals.

The new Harolds Cross nursing home is the former St Gladys building, which has its origins with the mill factories that were located in Harolds Cross.

Engineering group's profit fall

White Young Green Plc, the UK engineering company that gets nearly a fifth of its revenue from Ireland said full-year profit will miss forecasts.

Shares in the company - which helped design the sailing venue for the 2012 Olympic Games - fell 28 per cent in London trading to 89.75 pence.

Analysts had predicted White Young Green would generate £22.5 million to £24 million in pretax profit in the year ending June 2009, finance director Robert Hartley said in an interview. ``Were expecting them to bring that range down by 5 per cent, he said. - ( Bloomberg)

Oil price rises by $2 a barrel

Crude oil rose more than $2 a barrel in New York on speculation that a 10 per cent drop in prices over the previous two days was larger than justified.

"A combination of a relief rally and bargain hunting are helping push the market higher, said John Kilduff, senior vice president of risk management at MF Global Inc. in New York.

"All of the markets probed new lows today. The prices were too compelling to bargain hunters. - ( Bloomberg)

Intel slashes sales forecast

Intel stoked concern that the financial crisis is stifling global technology spending, slashing its fourth-quarter sales forecast by about $1 billion.

Intel, whose chips run more than three-quarters of the worlds computers, cited ``significantly weaker demand across its entire product line when cutting its estimate late yesterday.

Its profit margin also will fall short of an earlier prediction.

Intel joined two chip-industry bellwethers in reporting slackening demand yesterday, suggesting that worldwide orders for computers and gadgets arent resistant to the economic slowdown. ( Bloomberg)

Presbyterian Mutual Society

In a report yesterday entitled "Presbyterians out in cold as savings accounts frozen" the Presbyterian Mutual Society stated that "funds in mutual societies were not covered by any form of government guarantee scheme".

The society has now said this is incorrect as while funds in the Presbyterian Mutual Society are not covered by any form of government guarantee scheme, some other mutual societies are covered by a government scheme.