14th May 2008
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SR Technics withholds pay rises in costs drive Wednesday, 14th May, 2008
THREE months after losing its core Aer Lingus contracts, maintenance company SR Technics yesterday confirmed it had begun withholding pay increases due under the national wage agreement.
Household debt rose by €21bn to €197bn in 2007, CSO finds Wednesday, 14th May, 2008
MORTGAGES AND other debts totalling €197.3 billion left the Republic's households in the red last year, new figures show.
Magnier and McManus take 7.2pc stake in pub operator Wednesday, 14th May, 2008
Irish racing tycoons John Magnier and JP McManus yesterday confirmed recent market speculation they had been adding to their position in UK pub operator Mitchells & Butlers -- revealing they are now sitting on a 7.2pc stake in the company.
Group criticises bank complaints process Wednesday, 14th May, 2008
COMPANIES WITH an annual turnover of more than €3 million are being "automatically excluded" from having complaints about banks dealt with by the regulatory authorities, a group representing aggrieved ACC Bank customers has told an Oireachtas committee.
Ormonde's bright prospect in Spain Wednesday, 14th May, 2008
MINERAL explorer Ormonde Mining said it is fast-tracking its Barruecopardo tungsten project in Spain after initial testwork and studies demonstrated the project has the potential to generate significant cashflows for a modest capital investment.
Fed ready to boost credit auction size Wednesday, 14th May, 2008
THE FEDERAL Reserve stands ready to increase the size of its credit auctions beyond the current level of $150 billion (€97 billion) a month if required to combat stress in the money markets, its chairman said yesterday.
Breakfast at Brown Thomas as Tiffanys to set up in capital Wednesday, 14th May, 2008
The department store, which inspired the Audrey Hepburn movie 'Breakfast at Tiffanys', is to occupy the refurbished ground floor of Brown Thomas in Grafton Street.
Fed rethinking price bubble approach Wednesday, 14th May, 2008
WASHINGTON - The US Federal Reserve is reconsidering the way it deals with asset price bubbles in the wake of the housing and credit bust in a move which could see the central bank using extra regulation - or even interest rates - to fight unjustified increases.
Ryanair offered three-year subsidy by 'wasteful' PSO Wednesday, 14th May, 2008
RYANAIR is being offered multi-million euro subsidies to run flights from Dublin to Kerry, snatching the lucrative contract from regional player Aer Arann.
JP Morgan clean-up of Bear to cost $9bn Wednesday, 14th May, 2008
NEW YORK - JP Morgan Chase is to take a charge of about $9 billion (€5.8 billion) - half as much again as its estimate - to clean up Bear Stearns's balance sheet and pay for redundancies and litigation arising from its cut-price takeover of the stricken investment bank.
Waterford airport still fighting to get on the handout route Wednesday, 14th May, 2008
LAUNCHED in 1995, public service obligation (PSOs) grants were introduced to subsidise airlinks that were socially desirable but economically unviable.
Premier on track to make £113m cost savings Wednesday, 14th May, 2008
PREMIER FOODS has reported a 2 per cent uplift in Irish sales for the first four months of the year, helped by strong growth in Quorn, the meat substitute.
Tullow find fresh oil and gas reserves in Uganda Wednesday, 14th May, 2008
TULLOW Oil announced its second major discovery in a week yesterday with news that it has found more oil and gas in Uganda.
Habitat urged to ensure customers do not lose out Wednesday, 14th May, 2008
THE NATIONAL Consumer Agency has called on Habitat UK to ensure that customers of its Irish franchise do not lose out financially following its sudden closure last week.
Phone companies double their spend to boost outdoor market Wednesday, 14th May, 2008
MOBILE phone companies more than doubled their outdoor advertising spend in the first quarter of the year, helping drive a 10pc increase in the overall outdoor advertising market.
Confident message from Kerry despite the surging euro Wednesday, 14th May, 2008
consumer foods group Kerry expects to overcome problems caused by the surge in value of the euro and report earnings growth of around 13pc, the company told shareholders at its annual general meeting yesterday.
Bannon branches out in €320m Chinese mall deal Wednesday, 14th May, 2008
Dublin property consultancy firm, Bannon Commercial, has entered into an alliance with a Beijing-based shopping mall developer that will see the Irish group provide design support on a major new €320m retail complex in the Chinese capital. It marks the Irish firm's first foray outside Europe.