A round-up of today's other stories in brief.
Examiner appointed to bus company
An interim examiner has been appointed to Euro Iompu Teoranta, the Donegal-based bus manufacturer, by the High Court.
The court was told that with the appointment of Ken Fennell, of Kavanagh Fennel chartered accountants, there was a good chance of getting the company back on its feet and saving the jobs of 52 employees.
Counsel for the company said that on August 30th the company had been dealt a devastating blow when it discovered Bus Éireann does not expect to order any more buses for at least four months. The company was unable to retain its staff and had announced going into liquidation but this had now been stalled.
EU cuts forecast for growth
The European Commission yesterday trimmed its forecast for eurozone economic growth this year in a step that reflected concern over the impact of the global credit market turmoil of recent weeks.
The commission said the 13-nation eurozone would probably achieve economic growth of 2.5 per cent, slightly below the forecast of 2.6 per cent it issued in May. - ( Financial Times service )
Kane named for top IAWS post
Hugo Kane has been appointed chief operating officer of the IAWS group, taking a position vacated late last year by Tom O'Mahony, who became chief executive of IAWS spin-off Origin. Mr Kane is currently an executive director of IAWS.
Philip Lynch, the chief executive of former IAWS co-op One51, will retire as non-executive director from the IAWS board at its agm in December.
Pensions Board prosecutes man
The Pensions Board has prosecuted a Co Wicklow businessman for failure to comply with its requests for information on his PRSA obligations as an employer.
Kevin Mulvey of Kilgarron Park, Enniskerry, failed to comply with the Pensions Board's request made in writing to furnish it with the names of all occupational pensions schemes established for the benefit of his employees and the criteria for membership of each scheme, and/or a copy of the contract entered into by him with a PRSA provider. He was fined €500.
NI exporters set up new group
A new Northern Ireland Exporters Association was launched in Belfast yesterday. The association was created by the Irish Exporters Association in conjunction with the Northern Ireland Institute of Export to increase international trade in both economies. Dr Edward Haughey has been named as first chairman of the association.
Andor sales strong in Asia
Belfast-based Andor Technology, which produces high-end digital cameras, has said that trading in the second half of the year has been broadly in line with the first six months, with strong sales in Europe and Asia offset by lower demand in the US and a further weakening of the dollar. The firm, which is listed on Dublin and London's alternative markets, said that an expected upturn in US spending following approval of Federal research budgets has not materialised.
Carroll raises stake in ICG
Property developer Liam Carroll has increased his stake in ferry group Irish Continental Group (ICG) to 20.29 per cent with the purchase of a further 30,000 shares. He paid €25 each for the shares - €1 more than the current price offered by management-led buy out group Aella.
